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COSCO SHIPPING International (Singapore) Co., Ltd. (“COSCO SHIPPING” or the “Company” and together with its subsidiaries, the “Group”) aims to become the best-integrated logistics service provider in South and Southeast Asia. The Company is also involved in dry bulk shipping, ship repair and marine engineering, as well as property management.
Cogent Holdings Pte. Ltd. ("Cogent"), a wholly-owned subsidiary acquired in 2018, has a wide range of clientele ranging from local SMEs to multinational companies. As the owner of one of Singapore's largest one-stop integrated logistics hubs, Cogent 1.Logistics Hub, Cogent's main businesses comprise warehousing, container depot, automotive logistics, transportation, and property management in Singapore.
Cogent, through its wholly-owned subsidiary, SH Cogent Logistics Pte Ltd, acquired 80% shares of Guper Integrated Logistics Sdn. Bhd., Gem Logistics Sdn. Bhd., Dolphin Shipping Agency Sdn. Bhd., and East West Freight Services Sdn. Bhd. in 2020. The acquisition expanded the Company’s logistics services in Malaysia, which now include container haulage, freight forwarding, forwarding agency services, container depot and warehousing businesses.
The Company owns 40% of PT. Ocean Global Shipping Logistics, an Indonesian shipping logistics company specialising in logistics services, freight forwarding, ship agency, bunkering and container depot services.
COSCO SHIPPING Southeast Asia Container Logistics Services Pte. Ltd., a subsidiary of the Company, owns 30% of SINOVNL Company Limited (formerly known as TAN CANG-COSCO-OOCL Logistics Company Limited). SINOVNL Company Limited is a company incorporated in Vietnam that provides storage and warehouse services, container station and depot service, maintenance and repair of equipment, and freight transport agency services.
COSCO SHIPPING Bulk (Southeast Asia) Pte. Ltd. (formerly known as COSCO SHIPPING (Singapore) Pte. Ltd.), an associated company, is involved in dry bulk shipping, focusing on voyage charter and time charter.
Through COSCO SHIPPING Marine Engineering (Singapore) Pte. Ltd., a subsidiary of the Company, the Company is also involved in ship repair and marine engineering activities.
Under property management, Cogent has redeveloped and transformed the former Turf Club, a 1 million square foot state-property, into a vibrant lifestyle hub named The Grandstand. Harington Property Pte. Ltd., a wholly-owned subsidiary of the Company, provides property management services.
The Company will actively expand its logistics networks through strategic acquisitions and investments as it continues to build a regional logistics presence in the South and Southeast Asian region. The Company will also tap on its core competencies to actively strengthen its diversified business portfolio.
The Company is ultimately controlled by China COSCO SHIPPING Corporation Limited ("Parent Company"), a state-owned enterprise established in the People's Republic of China ("PRC").