Greater China

More Cosco rebrands as restructuring nears completion

China Cosco Holdings, one of the flagship-listed entities of China Cosco Shipping Corporation (CoscoCS), has announced that the board has proposed to change the company’s name to Cosco Shipping Holdings, as part of the restructuring process.

The company said it will change its main business scope to container shipping and port terminal services upon completion of the restructuring.

The merger between China Shipping Group and Cosco Group is still ongoing. The merger has brought a series of name changes of subsidiaries of the two groups in the past few months. China Shipping Container Lines 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 also proposed a rebrand to Cosco Shipping Energy Transportation. The newly merged shipping giant also created its container shipping unit, China Lines, and bulk shipping unit Cosco Shipping Bulk, headquartered in Shanghai and Guangzhou respectively.

As the dust settles on the merger, it appears that the Cosco brand, the older of the two state-run giants, has trumped China Shipping for primacy.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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