CSCL to Change Name to Cosco Shipping Development
By Aiswarya Lakshmi
Monday, July 4, 2016
China Shipping Container Lines (CSCL) has proposed to change its name to Cosco Shipping Development Co (CSDC), in line with the company’s future business strategy and as a group member of China Cosco Shipping Corporation (Coscocs).
"China Shipping Container Lines Co., Ltd. Board of Directors hereby announces that, in view of the Major asset restructuring program the company has been related to the motion of the Company and in February 1, 2016 the first meeting of 2016 Extraordinary General Meeting, through a major reorganization of assets, the Company will transfer container liner operators Type into a ship leasing, container leasing and non-leasing aircraft leasing business as the core, for the special shipping finance Integrated financial services platform color," says a press notification from the company.
"The Board proposes to the Company's Chinese name from "China Shipping Container Lines Co., Ltd." changed to "COSCO Maritime Development Co., Ltd. ", the English name from" China Shipping Container Lines Company Limited "to" COSCO SHIPPING Development Co., Ltd. "
State Industry and Commerce Administration Xingzhengguanli name already pre-approved changes to the Company.