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COSCO SHIPPING International HONG KONG Co Ltd

COSCO SHIPPING International (Hong Kong) Co., Ltd., an investment holding company, provides shipping services in Hong Kong, the People's Republic of China, and internationally. It operates through Coatings; Marine Equipment and Spare Parts; Ship Trading Agency; Insurance Brokerage; Intelligent Shipping Services; and General Trading segments. The company offers agency services relating to ship building, ship trading, and bareboat chartering services, as well as voyage repair service; sells and installs equipment and spare parts for existing and new build vessels, as well as equipment of radio communications systems, satellite communications, and navigation systems for ships, offshore facilities, coastal stations, and land users; supplies marine materials; and produces and sells coatings products, including container, industrial heavy-duty anti-corrosion, and marine coatings. It also provides insurance and reinsurance intermediary services of marine and non-marine insurance, such as professional insurance brokerage services comprising risk assessment and analysis, designing insurance and reinsurance programmes, discussing insurance coverage, reviewing insurance policies, and claims adjustment and handling solutions. In addition, the company is involved in the provision of green, low-carbon, and digital intelligent solutions for the full-life cycle of the shipping industry, as well as trades in, stores, processes, and supplies asphalt and other products. The company was formerly known as COSCO International Holdings Limited and changed its name to COSCO SHIPPING International (Hong Kong) Co., Ltd. in November 2016. The company was incorporated in 1992 and is headquartered in Central, Hong Kong. COSCO SHIPPING International (Hong Kong) Co., Ltd. operates as a subsidiary of COSCO SHIPPING (Hong Kong) Co., Limited.

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American Mariners Protest Chinese Vessel Operating Under Jones Act Waiver in Louisiana

Members of the Seafarers International Union protested outside Marathon Petroleum's refinery in Garyville, Louisiana, against the Chinese-flagged vessel Jin Zhou Wan, which has completed at least three domestic coastwise voyages under a temporary Jones Act waiver. The Jones Act requires cargo transported between U.S. ports to move on U.S.-built, U.S.-owned, U.S.-flagged, and primarily U.S.-crewed vessels. The Jin Zhou Wan is owned and operated by a subsidiary of COSCO Shipping, designated by the U.S. Department of War as a Chinese Military Company. The waiver was issued during the conflict with Iran to stabilize domestic fuel supplies and lower gasoline prices, but analysis by Navigistics Consulting and Reuters found it did not significantly increase fuel supplies or measurably reduce gasoline prices. The initial 60-day waiver was later extended for another 90 days, and Louisiana's congressional leadership, including Speaker Mike Johnson and Majority Leader Steve Scalise, recently joined dozens of House Republicans in urging President Donald Trump to allow the waiver to expire.
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