Cosco helps trade route to Africa become well-traveled

As world shipping industry lies in choppy waters, the Chinese company is finding new market growth points, Zhong Nan reports

For Cosco Shipping, the world's largest fleet of specialized carriers and multipurpose vessels, which is owned by China Ocean Shipping (Group) Co, a new leg in its pan-African journey has begun.

With tons of cement shipped to Lagos, Nigeria, hydropower equipment delivered to the port of Luanda in Angola and construction machinery bound for Addis Ababa through the port of Djibouti, the Chinese company's footprint has expanded to more than 33 African countries this year. Han Guomin, Cosco Shipping's general manager, said the continent's hunger for trade opportunities, infrastructure improvement, appliances and electronics has pushed eager manufacturers from the United States, Europe and China to load their products onto vessels for Africa.