China Shipping Container Lines (CSCL) has announced that the board has proposed to change the company’s name to Cosco Shipping Development, which has been pre-approved by the State Administration of Industry and Commerce.

CSCL changes direction, to be named Cosco Shipping Development

CSCL said it is expected to transform from a container line operator into an integrated financial services platform with leasing businesses including vessel leasing, container leasing and non-shipping leasing, and the new name will be consistent with company’s future strategic positioning, and identity as a group member of China Cosco Shipping Corporation.