In 2006, COSCO was for the first time listed in Fortune Global 500, ranking 488th with a revenue of USD15,413.5 million (equivalent to RMB122,882.5 million) recorded last year. COSCO achieved its goal of joining Global 500 three years in advance, becoming the China's first shipping company listed into Global 500. This inclusion demonstrated COSCO's international position and laid a foundation for COSCO to become a first-class multinational company as soon as possible. Being a new milestone of COSCO's development, this honor will have profound influence and historical meaning on further pushing the development of China's ocean shipping industry.
In 2006, a total of 3 shipping enterprises including COSCO were included into Fortune Global 500, indicating that now three giants are competing in the international maritime industry |