China Ocean Shipping (Group) Company 中国远洋运输（集团）总公司 COSCO headquarters in Beijing Former type State-owned enterprise Industry Transportation Fate Merged Successor China COSCO Shipping Founded April 27, 1961; 58 years ago (1961-04-27) Defunct 2016 Headquarters Beijing , People's Republic of China Area served Worldwide Services Freight forwarding shipbuilding shiprepairing terminal operations Website en.coscocs.com