Yet more rebranding is underway at China’s largest maritime conglomerate. Cosco’s heavylift division, formerly known as Cosco Shipping Company Limited (Coscol), is now known as Cosco Shipping Specialised Carriers Co. The division has more than 150 ships – a mix of heavylifts, semi-submersibles and roros.
Following the merger between Cosco and China Shipping to create the world’s largest shipping company, the enlarged group has gone through extensive structural reorganisation as outlined in this year’s SinoShip magazine.
China Shipping Container Lines (CSCL) has been renamed Cosco Shipping Development and is now a financial leasing platform. Cosco Pacific has changed its name to Cosco Shipping Ports, while China Shipping Development is now Cosco Shipping Energy Transportation.
The newly merged shipping giant has also created its container shipping unit, China Lines, and bulk shipping unit Cosco Shipping Bulk, headquartered in Shanghai and Guangzhou respectively
Cosco Shipbuilding Industry has swallowed up all shipbuilding and ship repair assets including Cosco Shipyard, China Shipping Industry, NACKS and DACKS.