Cosco Shipping Development Co., Ltd. (CITAF)

Overview

COSCO SHIPPING Development Co., Ltd., headquartered in Shanghai, China, operates within the integrated logistics industry, providing a broad range of shipping-related services. Founded in 1997, the company has evolved from its initial focus on container shipping to offering a diverse array of services in the maritime logistics sector. The organization underwent a significant rebranding in December 2016, changing its name from China Shipping Container Lines Company Limited to COSCO SHIPPING Development Co., Ltd., to better reflect its expanded scope of operations. This change underscored its commitment to development in shipping and logistics, marking a strategic pivot towards becoming a more integrated logistics provider.

Products and Services

• Vessel Operational and Financial Leasing Services:

  This includes the provision of leasing solutions for a variety of vessels such as container vessels, dry bulk cargo vessels, special ships, and LNG vessels. These services cater to the needs of shipping companies looking for financial flexibility and operational efficiency.

• Trading, Management, and Leasing of Used Containers:

  COSCO SHIPPING Development offers a suite of services around used containers, including the trade, management, and leasing options. These services provide a sustainable option for companies looking to manage their container inventory efficiently.

• Logistics Equipment:

  The company is involved in researching, developing, producing, and selling logistics equipment, further emphasizing its role in enhancing the efficiency and capability of the logistics and shipping ecosystem.

• Equity and Insurance Brokerage Services:

  These services offer financial solutions and insurance brokerage to clients, aiming to support their financial management and risk mitigation efforts in the maritime logistics sector.

• Capital Market Services:

  With a focus on the financial aspect of shipping and logistics, COSCO SHIPPING Development provides services aimed at facilitating access to capital markets, supporting companies in their growth and investment initiatives.