Independent journal on economy and transport policy
04:35 GMT+1
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Shipping lowers Lines Container has officially changed own corporate name
Now COSCO Shipping Development Co is called.
September 8, 2016
Today the Chinese Lowers Shipping Container Lines Co., Ltd. (CSCL) has officially changed own corporate name assuming that of COSCO Shipping Development Co., Ltd. The change of denomination is consequence of the fusion of the group leader Lowers Shipping (CS) with the other Chinese shipowning group Lowers Ocean Shipping (Group) Co. (COSCO), that it is put into effect last February with the creation of China COSCO Shipping Corporation () COSCOCS) after in the days precedence the CSCL shareholders had approved of the performance of a deep reorganization of the activities of the society.
CSCL, in fact, would have abandoned Core business of the line transport, transferring the services of marine transport containerized to the COSCO Container Lines (COSCON), and centralized the activity on the chartering of own fleet of container vessels, that they are met in great part in the fleet of the COSCON, on the chartering of container, and the activities financial institutions connected to such segments of business and other operations ( of the 2 and 18 February 2016),
In its participation to the ceremony of change of the corporate name, the managing director of the COSCOSC, Wan Min, has emphasized own the important platform role financial institution for the development of the activities in the assumed field of the shipping from the COSCO Shipping Development in the within of shipowning group Chinese COSCOCS.
Al 30 last June the fleet of the COSCO Shipping Development Co. it was constituted by 115 portacontainer for a total cargo ability pairs to 842.000 teu. The sun ships of property of the society is 74 for a cargo ability total pairs to 582.000 teu. The consistency of the fleet of containers of the company is pairs to about 3,5 million teu.
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Today the Chinese Lowers Shipping Container Lines Co., Ltd. (CSCL) has officially changed own corporate name assuming that of COSCO Shipping Development Co., Ltd. The change of denomination is consequence of the fusion of the group leader Lowers Shipping (CS) with the other Chinese shipowning group Lowers Ocean Shipping (Group) Co. (COSCO), that it is put into effect last February with the creation of China COSCO Shipping Corporation () COSCOCS) after in the days precedence the CSCL shareholders had approved of the performance of a deep reorganization of the activities of the society.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
