COSCO SHIPPING International (Singapore) Co., Ltd. (the "Company") and together with its subsidiaries (the "Group") aims to become one of the leading integrated logistics service providers having significant presence in South Asia and Southeast Asia. The Group also embarks 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, prides itself with 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 hub, Cogent 1.Logistics Hub, it's core businesses comprises of warehousing, container depot, automotive logistics, transportation, and property management in Singapore.
In line with the Company's expansion goals in establishing collaborative relationships amongst logistical operations within the region, Cogent, through its wholly-owned subsidiary, SH Cogent Logistics Pte Ltd, acquired 80% shares in four Malaysian based entities, i.e. Guper Integrated Logistics Sdn. Bhd., Gems Logistics Sdn. Bhd., Dolphin Shipping Agency Sdn. Bhd. and East West Freight Services Sdn. Bhd. in 2020. Subsequently in 2022, Gems Logistics Sdn. Bhd., Dolphin Shipping Agency Sdn. Bhd., and East West Freight Services Sdn. Bhd. became wholly-owned subsidiaries of SH Cogent Logistics Pte Ltd while its shareholdings in Guper Integrated Logistics Sdn. Bhd., was increased to 97.56%. This acquisition diversified the Company's logistics services in Malaysia, which now include container haulage, freight forwarding, forwarding agency services, container depot and warehousing businesses.
The Company has also acquired 40% of PT. Ocean Global Shipping Logistics in 2018, an Indonesian shipping logistics company specializing in logistics services, freight forwarding, ship agency, bunkering, and container depot services.
COSCO SHIPPING Southeast Asia Container Logistics Services Pte. Ltd., a partially owned subsidiary of the Company, owns 30% of SINOVNL Company Limited (formerly known as TAN CANG-COSCO-OOCL Logistics Company Limited), a company incorporated in Vietnam providing 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., an associated company, is involved in dry bulk shipping and is predominantly focused on voyage charter and time charter.
Through COSCO SHIPPING Marine Engineering (Singapore) Pte. Ltd., a subsidiary of the Company, the Company also engages in ship repair and marine engineering activities.
Under property management arm, 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.
With a globalized, integrated container service network, our niche "door to door" supply chain solution will inevitably augment customers' global reach and generate business opportunities. 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").