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Cosco Shipping Development Co Ltd

COSCO SHIPPING Development Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells containers in the United States, Asia, Hong Kong, Mainland China, Europe, and internationally. It operates through four segments: Container Manufacturing, Shipping Leasing, Container Leasing, and Investment Management. Its offerings include dry cargo, refrigerated, and special containers, container houses, after-sales services, integrated shipping, logistics, and industry finance services, as well as vessel chartering and financial leasing for container ships, dry bulk carriers, special-purpose vessels, and tankers. Formerly known as China Shipping Container Lines Company Limited, it changed its name to COSCO SHIPPING Development Co., Ltd. in November 2016; it was founded in 1997 and is headquartered in Shanghai, China.

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News & notes moving 2866.HK
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COSCO Shipping Development first-half 2026 net profit 1 billion yuan, up 3.09% year on year

COSCO Shipping Development released its 2026 interim report. During the reporting period, the company achieved total operating revenue of 13.619 billion yuan, up 11.10% year on year, and net profit attributable to the parent of 1 billion yuan, up 3.09% year on year. Net cash inflow from operating activities was 1.892 billion yuan, up 47.14% year on year. The company's latest asset-liability ratio was 77.19%, gross margin was 15.44%, and ROE was 3.19%. The number of shareholders was 264,800, and the top ten shareholders held 73.81% of total share capital.
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COSCO Shipping Development first-half net profit attributable to parent rises 3.1% to 1.00 billion yuan

COSCO Shipping Development released its 2026 interim report. Net profit attributable to the parent rose 3.1% year on year to 1.00 billion yuan in the first half, while operating revenue was 13.62 billion yuan, up 11.1% year on year. In the second quarter, operating revenue was 7.63 billion yuan, up 11.6% year on year, and net profit attributable to the parent was 587 million yuan, up 19.9% year on year. As of the end of the second quarter, total assets stood at 139.399 billion yuan, up 5.9% from the end of the previous year, and net assets attributable to the parent were 31.388 billion yuan, up 1.9%. Container manufacturing sales volume in the first half was 958,600 TEU, up 13.35% year on year. The company continued to focus on core businesses including container manufacturing, shipping leasing and container leasing.
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COSCO Shipping Development Plans Cash Dividend of 0.22 Yuan per 10 Shares

COSCO Shipping Development announced on August 28 that it plans to distribute a cash dividend of 0.22 yuan, tax included, for every 10 shares to all shareholders, with an estimated total payout of 289 million yuan, accounting for 28.88% of net profit attributable to the parent company. In the first half of 2026, COSCO Shipping Development achieved revenue of 13.619 billion yuan and net profit attributable to the parent company of 1 billion yuan.
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COSCO SHIPPING Development Subsidiary to Build 15 New 210,000-DWT Bulk Carriers for a Total of 7.92 Billion Yuan

COSCO SHIPPING Development announced plans to build 15 new 210,000-deadweight-ton bulk carriers through its wholly-owned subsidiary Hainan COSCO SHIPPING Development Shipping Co., Ltd., with a total investment of 7.92 billion yuan. Of these, 10 vessels will be constructed by Waigaoqiao Shipbuilding with a transaction value of 5.28 billion yuan, and 5 vessels will be built by Xiangyu Shipbuilding with a transaction value of 2.64 billion yuan. The ships are expected to be delivered gradually starting from May 2030 and will be chartered on a long-term operating lease to COSCO SHIPPING Bulk.
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COSCO SHIPPING Development Plans to Apply for Registration and Issuance of Corporate Bonds Not Exceeding 6 Billion Yuan

COSCO SHIPPING Development plans to apply to the Shanghai Stock Exchange and the China Securities Regulatory Commission for the registration and issuance of corporate bonds, with a total size not exceeding 6 billion yuan. The bonds will have a term of no more than 10 years and may be a single or a mix of multiple maturity types. After deducting issuance costs, the raised funds are intended for repaying interest-bearing debts, supplementing working capital, and project construction and operation. In the first quarter of 2026, the company achieved revenue of 5.986 billion yuan and net profit attributable to the parent company of 413 million yuan.
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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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