COSCO SHIPPING Development Co., Ltd. (CITAF)

0.1141 +0.0051 (+4.68%) At close: 02:50PM EDT

COSCO SHIPPING Development Co., Ltd.

No.5299 Binjiang Avenue
Pudong New Area
Shanghai 201306
China
86 21 6596 6666
https://development.coscoshipping.com

Sector(s): Industrials
Industry: Aerospace & Defense
Full Time Employees: 11,261

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Mingwen Zhang	Executive Chairman & GM	110.3k	N/A	1978
Mr. Feng Lin	Chief Accountant	158.29k	N/A	1975
Mr. Lei Cai	Board Secretary & Company Secretary	118.94k	N/A	1979

Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

COSCO SHIPPING Development Co., Ltd., together with its subsidiaries, operates in the integrated logistics industry in China. The company offers vessel operational and financial leasing services, including container vessels, dry bulk cargo vessels, special ships, and LNG vessels. It also provides trading, management, manufacture, sale, and leasing of used containers; researches and develops, produces, and sells logistics equipment; equity and insurance brokerage, and capital market services. The company was formerly known as China Shipping Container Lines Company Limited and changed its name to COSCO SHIPPING Development Co., Ltd. in December 2016. COSCO SHIPPING Development Co., Ltd. was founded in 1997 and is based in Shanghai, the People's Republic of China.

Corporate Governance

COSCO SHIPPING Development Co., Ltd.’s ISS Governance QualityScore as of April 1, 2024 is 5. The pillar scores are Audit: 5; Board: 9; Shareholder Rights: 1; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.