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CSCL proposes change of name to Cosco Shipping Development

China Shipping Container Lines (CSCL) has proposed to change its name to Cosco Shipping Development Co, in line with the company’s future business strategy and as a group member of China Cosco Shipping Corporation (Coscocs).

Lee Hong Liang, Asia Correspondent

July 4, 2016

1 Min Read
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“The new name of the company has been pre-approved by the State Administration for Industry and Commerce,” Hong Kong-listed CSCL announced on Sunday.

“The company is expected to transform from a container liner operator into an integrated financial services platform with leasing businesses such as a vessel leasing, container leasing and non-shipping leasing as core and shipping financing as feature,” it added.

CSCL had been the container arm of shipping conglomerate China Shipping Group, which has since merged with another conglomerate China Cosco Group to form Coscocs.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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