The Philippines with over 7,100 islands depends most of its business and commerce by utilizing our shoreline. It’s no wonder that the Philippines is a country with bustling ports and a thriving shipping industry. An accomplishment report from the Philippine Sports Authority (PPA) dated 2017, recorded a revenue performance of P15.36 billion, growing by 7.24% from 2016. “Driven by the robust shipping and trade on account of the strong domestic consumption and accelerated public sector investment, revenue performance continued to sustain high rate of growth,” the report said.P
COSCO SHIPPING Lines (Philippines) Inc. (the former “COSCO Philippine Shipping Inc.,” and a joint venture between NEW GOLDEN SEA SHIPPING. and R. A. OBEN Holdings, Inc. is one of the company that is headlining the shipping industry in the country. Company is mainly engaged in domestic and international maritime container transport services and related business, as the group’s core business sector.In February 2016, the company merged with China Shipping Group to become the WORLD’S 4TH LARGEST CONTAINER CARRIER around the world with 8.3% market share, as the combined COSCO-OOCL entity would become the WORLD’S THIRD LARGEST CONTAINER CARRIER with 400 vessels — overtaking its partner in the Ocean Alliance, CMA CGM.
The company has a total of 361 container vessels with a total carrying capacity of 1.84M TEU’s. Other significant details that COSCO Shipping Lines (Philippines) Inc. boasts includes a fleet size more than 85 million tons, World’s No. 1, special cargo shipping, and Tanker Shipping that is considered number 1 through the world. Its Terminals and ship fuel oil supply, ranked world number 2 and its container leasing, ranked world number 3. And when it comes to its container shipping, the company is ranked number 1 in Asia and number 4 around the world. While we also have air cargo, shipping remains to be the most cost-effective way of moving things. With its space limitation, a plane can probably carry about one or two containers as compared to ship where you can multiply that to a 100 or even more. Traders and commerce still considers shipping as the most effective way of transporting goods. People depend on shipping, and this is where COSCO Shipping Lines (Philippines) Inc. gets in the picture.
COSCO PH, through its well trained and highly motivated workforce, is committed to deliver quality services in order to satisfy its clients and principals’ requirement while maintaining their best interest, thereby ensuring the continued growth and profitability of its company. And with millions of tons of cargo being shipped in and out of the Philippines, and with millions of people depending on ships to travel from one place to another every year, the importance of the country’s ports and its shipping industry cannot be understated.
As the country sustains its remarkable growth in the industry of shipping, Cosco Shipping Lines (Philippines) Inc. will continue to be dedicated and provide the best services at the lowest possible cost.
For more information on COSCO PH, visit http://www.coscophil.com
Photos: COSCO Shipping Lines Philippines, Inc.
