- Business
- COSCO SHIPPING International (Singapore) Co., Ltd. (F83.SI) is an investment holding company that provides integrated logistics services; dry bulk shipping; ship repair and marine engineering activities; and property management services primarily in South and Southeast Asia. Through its key subsidiary Cogent Holdings Pte. Ltd., acquired in 2018, the Group offers warehousing, container depot services, automotive logistics, transportation, container haulage, freight forwarding, forwarding agency services, tank depot operations, engineering logistics, and empty container transportation, operating from facilities such as the Cogent Logistics Hub in Singapore and the Jurong Island Logistics Hub. Additional subsidiaries and associates include COSCO SHIPPING Marine Engineering (Singapore) Pte. Ltd. for annual inspections, ship store supply, fabrication, and outfitting components; SH Cogent Logistics and related entities in Malaysia for expanded logistics; Harington Property Pte. Ltd. for property leasing; a 40% stake in PT Ocean Global Shipping Logistics in Indonesia for logistics, freight forwarding, ship agency, and container depot services; a 40% stake in COSCO SHIPPING Bulk (Southeast Asia) Pte. Ltd. for voyage and time charter dry bulk shipping; and a 30% indirect interest in SINOVNL Company Limited in Vietnam for storage, warehouse, container depot, equipment repair, and freight agency services.
The Company, founded in 1961 and headquartered at 30 Cecil Street #26-01 Prudential Tower in Singapore, serves diverse clients from local SMEs to multinational corporations, with a strong focus on the logistics sector that generates the majority of its revenue; it operates across Singapore, Malaysia, Indonesia, Vietnam, and is expanding into Thailand and other Southeast Asian markets, ultimately controlled by China COSCO SHIPPING Corporation Limited.
Recent developments include the establishment of Goldlead Supply Chain Development (Southeast Asia) Pte. Ltd. in 2023 with a 49% stake alongside COSCO Shipping Holdings to invest in supply chain infrastructure and digital logistics, bolstered by a US$4.9 million capital injection in 2024; full acquisition of Golden Logistics & Storage Sdn. Bhd. in Malaysia by SH Cogent Logistics in 2023 to streamline operations; formation of Cogent Eastern Precision Pte. Ltd. in April 2024 as a joint venture for container body repairs, maintenance, and modifications; commencement of construction on Jurong Island Logistics Hub Phase 2 in May 2025 to add 62,500 square meters of warehousing and yard facilities; and a September 2025 memorandum of understanding with PSA Singapore through Goldlead for dedicated warehouse and logistics capabilities at the PSA Supply Chain Hub @ Tuas. In August 2024, the Company proposed the renounceable Aquamarine Rights Issue on a 1-for-1 basis at S$0.122 per share to raise approximately S$273 million for logistics infrastructure expansion, Jurong Island Logistics Hub Phase 2 development, and bank loan repayment, supported by its controlling shareholder. These initiatives enhance the Group's regional presence, vertical integration, and alignment with parent group shipping operations amid growing demand from Chinese investments in Southeast Asia.