Product & Service

The environmental protection award of “Green Flag” of the Long Beach Harbor Bureau, starting from 2005, aims at rewarding the shipping companies which contribute to the reduction of pollution to the harbor. Shipping companies participate in the project on a voluntary basis. The awarded vessels must reduce their speed under 12knots /hour within the 20 miles of the Long Beach harbor. Since the implementation of the “Green Flag” Project, 100% of vessels in 2008 follow this requirement, rising from 82% in 2007. Since the start in 2005, COSCO has actively responded and supported this project and has been awarded “Green Flag” continuously for 4 years.

On account of the implementation of “Global Compact”and the concerns about energy-saving and reduction of the discharge of greenhouse gases, and at the same time for better bidding and canvassing business in the future and enhancing shippers’ trust and understanding of the Company, the Company joined the American Business for Social Responsibility (BSR) and the Clean Cargo Working Group in 2006. The Company organized people to sort out the data of year 2006 on the ships of each route, shipping kilometers, berth time and fuel oil consumption, and then calculate the discharge amount of NOx, SOx , and CO2, fill in the annual “Environmental Performance Questionnaire”, and upload it to the above associations’ public websites. BRS’s mission is to help its members to conform to professional morality, respect employees, and protect the sustainable development of communities and environment when increasing their commercial profits. Subordinate to BSR, CCWG is to promote the sustainable development of the various transportation supply chains, to reduce the impact of transportation supply chains on environment, to improve members’ awareness of social and environmental protection.

The Company compiles the “Annual Environmental Report of 2007” in the year 2008 for stakeholders to know the Company’s measures and actions on environmental protection and also to present the Company’s attainment and performance on environmental protection. The report reveals the Company’s management conceptions, business operations, environmental policies, environmental performance, environmental accounting statistics, energy consumption, and water consumption, etc. The report also introduces the actual conditions on the protection of bio-diversity, disposal of sewage and discharged waste, environmental management system, etc.

To improve the quality of fuel oil, increase its burning efficiency and thus reducing the environmental impacts of the exhaust emitted by the propelling engine, the Company applies additives that can support and stabilize combustion. The company vigorously promotes the application of “Sparen” energy saving device, which can utilize high-temperature fuel oil to impel the rare metal within the oil saving device to create photoelectrons at a specific frequency through self stimulation and exert the photoelectron influence on the surface of fuel oil molecule to change its intermolecular force, so that the fuel oil molecule will be more easily atomized, the combustion will be more thorough, and so that the energy saving effects can be achieved. The energy saving effects of “Sparen” energy saving device is proved by the tryout of many shipping companies. In late May of 2008, “Song He” was installed with the “Sparen” energy saving device during its dock repair in Shekou, and the oil saving efficiency reached 1.5-2% in the full scale test during navigation.

Vessels are the main service vehicles of maritime transportation, so the company always pays attention to the disposal process after their retirement. All the retired vessels in the past years were sold to purchasers for offshore transportation. In 2008, 5 vessels retired from the fleet by the means of sale, and the purchasers will still use the vessels for container transportation or change them for other purposes.