On November 18, 1996, COSCO PHILIPPINES SHIPPING, INC. (CPSI) was formed by a joint venture between COSCO Freight Agency Investment Ltd. under COSCO (Hong Kong) GROUP LIMITED and Bantayog Ocean Shipping, Inc. CPSI act as port and freight agent of owners, operators and or charterers of vessels calling on Philippine Ports.
CPSI also represents various shipowners around the world for its "TRAMP" business. At present, CPSI has a total workforce of 35 shipping specialist.
COSCO PHILIPPINES SHIPPING, INC. is the general agent of CHINA OCEAN SHIPPING (GROUP) COMPANY (COSCO), the pioneer carrier of International Shipping in China. Founded on April 27, 1961, COSCO has grown into US$17 Billion corporation. It is an international giant specializing in shipping and modern logistics, shipping agency, freight forwarding, shipbuilding, ship repair, terminal operation, container manufacturing, trade, financing, real estate, IT Industry, business consulting and contract employment. AT 40 COSCO has successfully molded itself into a global company. COSCO now operates some 550 vessels with total carrying capacity of up to 25 million DWT, Thus achieving an annual volume of more than 180 million tons.
To be the leading diversified transport firm in the Philippines.
CPSI, through its well trained and highly motivated workforce, is committed to deliver quality services in order to satisfy its clients and principals' requirement while maintaining their best interest, thereby ensuring the continued growth and profitability of its company.