Cosco Shipping arm readies China IPO to capitalise on global shipbuilding wave

Supply chain stress and transit detours boost China’s shipbuilding orders, setting stage for Cosco Shipping Heavy Industry’s listing Cosco Shipping Heavy Industry finished its pre-IPO registration and preparations, according to information released on the China Securities Regulatory Commission website on Saturday. Specialising in cargo and container vessels, the unit offers construction, repair, conversion, maintenance and offshore engineering services. It is wholly owned by China Cosco Shipping, headquartered in Shanghai.

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