China COSCO Shipping Corporation Limited generated 91 billion yuan (US$13.19 billion) in revenues and 9.174 billion yuan in net profit in the first six months of this year, soon after it settled in China (Shanghai) Free Trade Zone.

Two biggest Chinese shipping companies China Shipping Corporation Limited and COSCO merged to form China COSCO Shipping Corporation Limited, which is headquartered in Lujiazui of the free trade zone in February.

The newly-merged corporation purchased shares of the Euromax container dock project at Rotterdam Port in Netherland and 67 percent of the shares of the Piraeus Port in Greece.

The corporation also opened a sea-railway joint transportation route that transits at the strategic hub Piraeus Port in Greece and cooperated with SONY, HP, Huawei, ZTE and other renowned companies successfully on this route.

As of 2016, the group's total fleet size ranks the first globally, comprising 1,114 merchant vessels and a total transportation capacity of 85.32 million deadweight tons.

The group's development in Pudong has helped to attract more shipping companies which totaled 6,000 in the district.

Source: Shanghai FTZ Government.cn