On June 2, COSCO Shipping Container reached the 5 millionth container milestone. As a result, this is another leap development of the container manufacturing sector of COSCO Shipping Group.
COSCO Shipping Container started its container manufacturing business in 2005. According to the plan, a total of 1 million containers in 2011, 2 million containers in 2015, and 3 million containers in 2018.
Due to the growth of container shipping in recent years, COSCO’s container manufacturing sector completed 346,000 TEU of new containers, up 116% year on year. Through over 15 years, COSCO Shipping became the world’s second-largest container manufacturer.
At present, the six modern factories of the COSCO Shipping container manufacturing section cover the main ports from south to north of China. The factories land in the key areas with high demand and convenient transportation, which effectively controls the transportation cost and improves the regional advantages.
Source Xinde Marine News