COSCO Panama was founded by COSCO Americas in May 1995 as a joint venture to provide services to COSCO fleet sailing through the Panama Canal. The company’s headquarter is located in Panama City, and has offices in Balboa and Cristobal at South and North entrance of the Canal. COSCO Panama obtained ISO 9002 certification in 1998. It provides maritime services including cargo agency, ship agency, marine and technical supply. COSCO Panama has become a COSCO wholly-owned subsidiary since January 1, 2003.COSCO Panama recently started to expand its services into logistics services.