Cosco Shipping Development Co Ltd - Company Profile
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Cosco Shipping Development Co Ltd (CSDC), a subsidiary of China COSCO Shipping Corp Ltd, is a shipping and logistics company. It carries out container manufacturing services, container leasing services, shipping leasing services, and investment management services. CSDC also provides international-standard dry containers, reefer containers, special containers, and various vessel types for leasing. It has operations across Singapore, the Marshall Islands, Liberia, Germany, Italy, Cyprus, Hong Kong, the British Virgin Islands, Panama and the US, among others. CSDC is headquartered in Shanghai, China.
Headquarters
China
Address
Building 1, Lane 1318, Shangcheng Road, Pudong New Area, Shanghai, 200120
Website
development.coscoshipping.com
Telephone
86 21 65966666
No of Employees
16,581
Industry
Transport and Logistics
Ticker Symbol & Exchange
2866 (HKG)
Revenue (2024)
$3.5B
-8.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-4.5%
(2024 vs 2023)
Market Cap*
$4.2B
Net Profit Margin (2024)
XYZ
4.7%
(2024 vs 2023)
* As of and is in US$
Cosco Shipping Development Co Ltd premium industry data and analytics
Products and Services
| Services |
|---|
| Container Manufacturing Services |
| Container Leasing Services |
| Investment Management Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In August, the company signed a sale and leaseback agreement with MOL for one 271,000-cbm LNG carrier. |
| 2025 | Contracts/Agreements | In July, the company commissioned 14 new vessels, including ten Newcastlemax bulk carriers and four asphalt carriers, to be built at Chinese shipyards. |
| 2024 | Contracts/Agreements | In August, the company signed a contract with Heavy Industry to acquire thirteen 80,000 DWT bulk cargo vessels, two 82,500 DWT bulk cargo vessels, and five 64,000 DWT bulk cargo vessels. |
Competitor Comparison
| Key Parameters | Cosco Shipping Development Co Ltd | Sinotrans Ltd | Orient Overseas (International) Ltd | China Merchants Port Holdings Co Ltd | Seaco Global Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | Hong Kong | Hong Kong | United Kingdom |
| City | Shanghai | Beijing | Hong Kong City | Hong Kong | London |
| State/Province | Shanghai | Beijing | - | - | England |
| No. of Employees | 16,581 | 31,953 | 11,665 | 8,683 | 24 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Zhang Mingwen | Chairman | Executive Board | 2022 | 47 |
| Cai Lei | Secretary | Senior Management | 2019 | 46 |
| Yu Tao | Deputy General Manager | Senior Management | 1993 | 52 |
| Hu Yanfang | Deputy General Manager | Senior Management | 2008 | 50 |
| Hu Haibing | Chief - Accountant | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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