HOUSTON—Founded in 1961, COSCO Container Lines Americas Inc. is one of the largest container operators and shipping companies in the world. The company utilizes a vast network of ocean vessels, barges, railroad and motor carriers to link the international shipper with consignees. Its international shipping business is divided between Chinese imports/exports and cross trade cargos.

It has recently renewed its 38,561-square-foot lease and has plans to add headcount to its office located at 15600 JFK Blvd. COSCO, which provides the most specialized handling and reporting needs of some of the top importers and exporters in the world, will renovate the space to accommodate the additional headcount.

CBRE's Kevin Saxe and Jerrod McQuain negotiated the lease renewal on behalf of COSCO. Wade Bowlin with PMRG represented the landlord, 15600 JFK Houston Partners LLC.

Saxe tells GlobeSt.com: “Despite declining activity in Houston's Greenspoint market, this remains an ideal location for COSCO. This is a great win for Greenspoint.”

COSCO is headquartered in Shanghai, with COSCON's operations managed by regional offices in New York City; Hamburg, Germany; Sydney, Australia; Tokyo; Seoul, South Korea; Singapore; Dubai; Johannesburg and Beijing. COSCO's 85 representative offices are maintained in 49 countries around the world, while operational agencies are located in 1,000 cities in 160 countries. Its 20 main line services connect more than 1,000 ports worldwide to reach more direct ports of call.

Currently the company owns and operates a fleet of more than 117 container ships for a total capacity of 256,171 20-foot equivalent units (TEU). Capacity owned and leased containers total nearly 535,000 TEU. Included in this total are 191,687 40-foot containers and 22,862 temperature-controlled units. Cargo handling capabilities include 20- and 40-foot dry containers, refrigerated containers, flat racks, open tops, high cube and other specialized equipment. Also included are five 5,250 TEU vessels with expanded refrigerated capacity for 1,000 plugs per vessel.

Additional services offered include shipping agency services, freight forwarding, terminals and warehousing, intermodal services, insurance, real estate, as well as ship repair. In addition to the improvements in equipment, recent scheduling additions and revisions have resulted in faster transit times for COSCO's customers. In particular, COSCO offers expertise of rail, truck and feeder services, especially important for shipments that are bound for or being shipped from the nation's interior.

CBRE's Kevin Saxe and Jerrod McQuain negotiated the lease renewal on behalf of COSCO. Wade Bowlin with PMRG represented the landlord, 15600 JFK Houston Partners LLC.

Saxe tells GlobeSt.com: “Despite declining activity in Houston's Greenspoint market, this remains an ideal location for COSCO. This is a great win for Greenspoint.”

Instant Insights /

COSCO Renews Despite Declining Greenspoint Market Activity

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