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Company Profile

  COSCO SHIPPING Development Co., Ltd. (the “Company”) is a subsidiary of China COSCO Shipping Corporation Limited (“COSCO Group”), specialising in supply chain integrated financial services, and is one of the core businesses of COSCO Group. Established in 1997 and headquartered in Shanghai, the People’s Republic of China (the “PRC”), the Company is a company listed in both Hong Kong and Shanghai with a registered capital of RMB11,608 million.

  Centring around the main line of integrated logistics industry, the Company is committed to focusing on with shipping leasing, container leasing and container manufacturing businesses as the core, while expanding the shipping logistics supply chain financial services on the supplementary front as supported by investment management so as to achieve the integrated industry and finance development.

  The shipping leasing business of the Company refers to the operating lease or finance lease business of various types of vessels, such as container vessels, dry bulk vessels, special vessels and LNG vessels, with over 180 vessels under management and an asset size exceeding RMB45 billion. The container leasing business refers to the provision of a range of services such as leasing, trading, management of various types of containers and sale of used containers. The Company has an inventory of containers of nearly 3.8 million TEU, ranking second in the world.

  The Company’s container manufacturing business refers to the research, development, production and sales of international standard dry containers, special containers, reefer containers and housing containers. Its annual designed production capacity ranks among the top in the world. Its customers include world-renowned liner companies and large-scale container leasing companies. At the same time, relying on the global transportation network of COSCO Group, it provides customers with value-added services of global port container delivery.

  The Company’s supply chain financial services business effectively utilizes the advantages of combined services such as leasing, factoring and insurance, and focuses on the financial ecosystem of shipping logistics supply chain for the industry and finance integration as well as capital operation. The investment management business of the Company focuses on the principal business of shipping logistics, and attracts high-quality assets and resources exchange and integration based on the application scenarios of shipping, port and logistics industries so as to promote industrial upgrading.

  Adhering to the philosophy of “Excellence”, and following the mission of “Finance aids industry and development creates value” and the core values of “Integrity, efficiency, proactiveness and mutual benefit”, the Company gives full play to the advantages of the shipping industry and expands the capital flow value of the shipping logistics ecosystem with a view to becoming an outstanding industry financial services provider with COSCO SHIPPING characteristics.

 
 
About Us
COSCO SHIPPING Development Co., Ltd. (the “Company” or “COSCO SHIPPING Development”), formerly known as China Shipping Container Lines Company Limited, is a subsidiary of China COSCO SHIPPING Corporation Limited (“China COSCO SHIPPING” or “COSCO SHIPPING”) specialized in supply-chain financial services. The Company was established in 1997, with head office in Shanghai, the People’s Republic of China (the “PRC”), and is listed both in Hong Kong and Shanghai. The registered capital of the Company is about RMB11.61billion.
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