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COSCO's oil transportation business is mainly undertaken by Dalian Ocean Shipping Company, which is one of the major arms of COSCO Group. At present, The COSCO's shipping services of crude oil, product oil, chemicals, LPG and LNG, etc are provided through Dalian Ocean Shipping Co, which operates 40 various liquid bulk carriers, including 12 VLCCs, with a total capacity of 5.1 million DWT. The oil tanker fleet is one of the biggest in China and its shipping of chemicals and LPG is also leading the industry in the country. As one of the corporate strategies, COSCO is aiming at the establishment of a world class fleet of oil tankers to meet the requirements of China's fast economic growth and the demands of national oil security strategy.
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Companies specializing in Tanker Shipping include:
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