In recent years, Suzhou Cosc Marine Machinery Co., Ltd. has analyzed that China’s port throughput has maintained rapid growth at an average annual rate of 16.5 %, with its port cargo throughput and container throughput ranking first worldwide. Despite China’s robust performance in the cargo‑throughput landscape of ports along the Maritime Silk Road, challenges such as sluggish global trade and overcapacity in the shipping industry persist. At present, the recovery of the shipping industry remains weak. Against the backdrop of enhancing the international competitiveness of Chinese shipping enterprises and safeguarding China’s transportation security, consolidation among Chinese shipping enterprises will become an irresistible trend in the future.
According to the analysis by Suzhou Cosc Marine Machinery Co., Ltd., since the official re‑establishment of the new group on February 18 of this year, the company has successively completed the consolidation of multiple business segments including container transportation, oil‑and‑gas transportation and bulk‑cargo transportation. The shipping industry is a capital‑ and technology‑intensive sector featuring high investment and high risks. The market pattern of tonnage overcapacity can hardly be reversed in the short term. Amid industry‑wide capacity reduction, large‑scale corporate mergers, acquisitions and restructuring will become the main theme of the global shipping market in 2016. Currently, the logistics and industrial segments are under intense preparation, and all restructuring work will be completed within this year.
Suzhou Cosc Marine Machinery Co., Ltd. (abbreviated as COSC) specializes in manufacturing side thrusters (CP & FP), azimuthing rudder‑propellers and main‑drive controllable‑pitch propellers (CPP). By introducing advanced foreign technologies and production‑management modes, together with responsive and comprehensive after‑sales service, the company has won high recognition from customers at home and abroad.
The company has obtained ISO 9001:2000 quality‑system certification and received approvals from classification societies including China CCS, French BV, British LR, German GL, American ABS, Italian RINA, Norwegian DNV and Japanese NK.
Supported by solid technical strength, a well‑trained workforce and a commitment to competition and innovation, the company provides flexible‑adapted products for customers. Its marine thrusters have been successfully installed on various types of vessels, operating across extensive sea areas and contributing to the development of marine navigation.