State-owned China Ocean Shipping (Group) Company, known as COSCO Group, is one of the world's leading marine transportation companies. Through its subsidiaries and affiliates, COSCO Group operates a fleet of about 800 containerships, bulk carriers and other vessels with an overall capacity of 50 million deadweight tons. In addition, the company is engaged in freight forwarding, logistics, real estate, ship building and repairing, container manufacturing, and terminal operations. It maintains facilities in more than 160 countries around the world. COSCO Group should not be confused with a rival state-owned marine transportation enterprise with a similar name, China Shipping (Group) Company.