On May 21, COSCO SHIPPING Development announced that its wholly owned subsidiaries will acquire 10 bulk carriers, including eight 210,000-DWT vessels and two 64,000-DWT vessels. The move further advances the company’s industry-finance integration strategy, expands its portfolio of high-quality vessel assets, and strengthens its long-term growth platform. Once delivered, the vessels will enter charter operations, supporting future earnings growth while enhancing asset quality and future earnings capability.

Expanding Fleet Scale with High-Quality Assets

In recent years, the company has actively aligned its growth strategy with the shipping industry’s transition toward greener and more efficient operations. By steadily expanding its shipping leasing and industrial-financial portfolio, COSCO SHIPPING Development has significantly increased the scale and quality of its vessel assets. Today, the company owns nearly 130 vessels across multiple segments, with more than 80 additional vessels currently under construction and scheduled for delivery over the next several years. These assets are expected to provide stable long-term revenue and reinforce the company’s financial strength.

Building an Industry Benchmark Through Integrated Manufacturing, Leasing, and Operations

Drawing on its deep roots in the global shipping industry, COSCO SHIPPING Development continues to strengthen its presence across the maritime value chain. The company focuses on opportunities spanning the full lifecycle of shipping assets and continues to enhance its integrated“acquire, lease, finance, and sell” capabilities. This approach enables the company to provide customers with flexible, multi-scenario vessel solutions while creating stronger synergies between shipping operations and financial services.

Advancing Green Shipping and ESG Goals

The eight 210,000-DWT bulk carriers will feature “methanol- and ammonia-ready” designs, supporting the industry’s transition to lower-carbon operations and future alternative fuel adoption. By investing in next-generation vessels that combine environmental performance, operational efficiency, and commercial flexibility, the company is reinforcing its long-term sustainability strategy while contributing to the broader decarbonization of the shipping sector.

Through continued optimization of its asset portfolio

and expansion of service capabilities,

COSCO SHIPPING Development

is leveraging its unique industry integration platform

to create long-term value and strengthen its position in the global maritime market.

Building a Strong Brand, Creating Lasting Value, and Driving Sustainable Growth