China Cosco Shipping new ship leasing

Shanghai shipowner and operator China Cosco Shipping is preparing to launch a new financial leasing operation which will compete with a number of other leasing companies. China Cosco Shipping’s new leasing shop has currently only three employees and is targeting a $3 billion v in ship finance annually. China Cosco Shipping’s new leasing shop is said to be targeting third-party assets. This will make it different from sister leasing entity Cosco Shipping Development Co (CSDC) which is mostly financing of COSCO tonnage.