Independent journal on economy and transport policy
19:09 GMT+2
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Shipping lowers Lines Container will change corporate name
COSCO SHIPPING Development Co will be renamed. Ltd.
July 4, 2016
Shipping lowers Container Lines (CSCL), company of navigation been born in 1997 with the scope to support the increasing volume of containerized exports of China, will change corporate name. With the fusion of the group leader Shipping (Group) Co Lowers. with the Chinese shipowning group Ocean Shipping (Group) Co Lowers. (COSCO) happened at the beginning of this year ( of 11 Decembers 2015), the CSCL has abandoned the activity of the marine transport of line having only maintained the property of the fleet and placing own portacontenitori ships rental to the COSCO Container Lines (COSCON), the company of the group COSCO that work the services of containerized marine transport of the group. New Core business of the CSLC includes also the chartering of the fleet of container and other equipments and the financial services to the shipping.
With the change of the social scope the board of directors of the CSCL has proposed to vary also the corporate name assuming that of COSCO SHIPPING Development Co. Ltd. The proposal will have to be approved of from the assembly of the shareholders.
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