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enorth.com.cn   2002-07-26 15:31


COSCO BULK CARRIER CO., LTD. (COSBULK for short ) , is incorporated as a limited company . Being a member of COSCO GROUP , the company is fully independent and the management works under the Board of Directors.

COSBULK, one of world's leading and largest bulk carriers companies, engages in international dry bulk transportation with corporate organization .COSBULK owns more than 75 ocean-going bulk carriers of various types such as Capesize, Panamax, Handymax and Handysize , with capacity of more than 4.3 million tons , and operates globally carrying all kinds of dry bulk cargo including ore ,coal ,coke ,chemical fertilizer ,agriculture products ,steel products ,lumber, etc. Furthermore , we have expanded our bulk shipping operations through Time Chartering/ Bare Chartering over 144 vessels to meet the cargo interests' requirements . We work closely with our clients on a worldwide basis and provide a depth of experience and knowledge. The market networks cover approximate every main port in the world .

Safety ,quality and the environment are the cornerstones of our operations. COSBULK has ISM and ISO 9002 quality certification , indicating that it meets the highest possible standards in the safety area. With an experienced and professional staff and modern equipment , COSBULK carries forward the principle of "Global Shipping , Global Credibility " in order to render its first class services to all cargo interests worldwide . As members of The Baltic Exchange , Bimco and Intercargo , we follow strict rules of their ethics. Your business with COSBULK will be fixed and steady .

Shipping Division , one of the most important business section of COSBULK , consists of Marketing Department, Panamax Fleet , Handymax Fleet , Handysize Fleet and Insurance & Claim Department. The Marketing Department is responsible for the negotiation and fixture of contracts of affreightment , long-term, bareboat chartering with purchase options and tender contracts . Besides 4 Capesize vessel-owned , more than 30 vessels are at their control . The Panamax fleet owns 25 vessels and has established a very close business relationship with international shipping companies and trading houses. The Handymax fleet currently operates 26 bulk carriers and the handysize fleet manages 20 vessels including log-fitted vessels and offers a variety of services to cargo interests , including part cargo service to and from Europe and North America in order to meet the particular requirements of the international trading and cargo interests. Each fleet have the business of chartering in and out . Their diverse business contacting with the shipping companies and cargo interests all over the world , they offer a global and extensive professional service to the industry with their shipping expertise and modern tonnage .

Oversea Seamen Employment is also one part of main business. COSBULK has a team of well trained and experienced seamen of all rankings . They are qualified for serving on board any type of vessels trading world . Over 2000 man-time of the company's seamen have been contracted for working on board vessels of 47 shipping companies of 10 countries for all kinds of vessels in 2001 .COSBULK is willing to strive to cooperate with oversea seamen employment .

While steadily building up and consolidating her shipping territory , COSBULK makes a lot efforts to diversify her business on to shore , implementing the strategy of "Internationalization of Operation , Diversification of Business and Modernization of Management", whereby to increase the proportion of on-shore industry in the overall profit of the company.

Headquarter Building

Our strategy is based upon strengthening of our client relationships, which we are looking forward to developing further. With China's entry into WTO and the development of Western China, there will be greater business opportunities in the dry bulk shipping . COSBULK , being a bridge, is willing to establish extensive contacts and friendly cooperative relations with each circle both at home and abroad and to create the resplendence in the 21st century on the basis of mutual benefit.

By the way , COSBULK would like to convey its heartfelt thanks to all friends throughout the world who constantly cooperate with us


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