The world's largest bulk vessel fleet in terms of both ship numbers and deadweight tonnage COSCO Shipping Bulk Co is officially launched in Guangzhou. Its a merger between two companies - COSCO Bulk Carrier Co and China Shipping Bulk Carrier Co. According to a report in China.org, with a total of 382 self-operated and controlled bulk vessels and a capacity of 34.58 million deadweight tons, COSCO Shipping Bulk will be able to ship iron ore, coal, grain and other commodities to more than 1,000 ports in some 100 countries and regions. Its annual freight volume will exceed 340 million metric tons. It now has 18,500 employees, including 13,000 mariners. The average ship age in its fleet is eight years.