As of 2004, the China Ocean Shipping Company (COSCO) has grown to be the second largest shipping line by size and capacity. COSCO has created a multicultural services company with one of the most familiar and reputable brand names spanning the globe. Founded in 1961, COSCO has grown to be an independent shipping agency with emphasis on logistics and the integration of e-commerce built from the inside out. COSCO has succeeded in supporting shipping and logistics by providing the Five Pillar system. These services include freight forwarding, new ship construction and repair, finance, real estate, contract employment, and most importantly, IT. By 2004, the greater majority of the worlds precious goods were transferred in and out of the ports throughout the world via containers. The evolution of the shipping world has enabled the final product to be delivered in a more efficient manner at a quicker pace. With a reduced number of changing hands and the introduction of freight-forwarding, along with the sharing of information through e-commerce, the shipping companies have be......

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