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CoscoCorp
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Joelton
Supreme |
29-Aug-2026 13:34
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Cosco readies for growth as efficient, reliable, end-to-end logistics provider in Southeast Asia After selling its loss-making shipyard and shipbuilding business in May 2017 to another subsidiary owned by its parent, Mainboard-listed Cosco Shipping International (Singapore) entered the logistics sector 10 months later when it completed the acquisition of established logistics provider Cogent Holdings in March 2018. &ldquo Through M& A, we could quickly obtain resources such as warehouses, but more importantly, we could quickly acquire an existing operations team,&rdquo Cosco Shipping International (Singapore) president and executive director Jiang Kai tells The Edge Singapore. Today, Cosco Shipping International (Singapore) has anchored itself as integrated logistics and supply chain solutions provider, part of a vertically-integrated supply chain under parent China Cosco Shipping Corporation. Providing one-stop shipping and logistics solutions across Southeast Asia, Cosco Shipping International (Singapore) complements its parents shipping operations and is poised to seize growth opportunities as trade grows in the region. China Cosco Shipping Corporation was established as a merger of China Ocean Shipping Company (Cosco) and China Shipping Group Company in 2016. According to Jiang, China Cosco envisioned its Singapore subsidiary to become an &ldquo important&rdquo component of an end-to-end logistics service, where the Singapore business focused on developing integrated land logistics services across Southeast Asia as a future core business. &ldquo Our parent&rsquo s shipping companies handle the sea leg, and Cosco Shipping handles the land leg,&rdquo explains Jiang, adding that such a model is more &ldquo sustainable with greater market potential&rdquo . The logistics business, with Cogent the main vehicle for delivering these solutions, contributed 88% of revenue, rising 6% y-o-y to 85.2million.Theothertwosegmentsofpropertymanagement,andshiprepairandmarine-relatedservicescontributed1.3%(1.27 million) and 10.7% ($10.4 million) respectively to total revenue. The company&rsquo s property subsidiary operates an office leasing business in Singapore while the marine engineering subsidiaries carry out ship repair, inspection of life-saving and fire-fighting equipment, supply of ship stores and provisions, as well as fabrication of steel structures for ships and offshore platforms locally and regionally. A stable base anchored on innovation and experience Some 60&ndash 70% of Cogent&rsquo s container storage business comes from within the China Cosco group, providing a stable revenue base according to Jiang. &ldquo All business from internal customers is still contracted at market prices, but because we&rsquo re in the same group, they won&rsquo t easily go out to the market to choose another provider unless we are unable to serve them due to capacity constraints.&rdquo The remainder of this segment of the business comes from external customers such as Hapag Lloyd, Maersk, CMA and among others. Contracts with third-party customers are typically one-year long with clauses that ensure sufficient time for the company to find new customers should the contract be terminated prematurely. One competitive advantage of the logistics business in Singapore is its proprietary overhead container storage system, an award-winning design that uses overhead bridge cranes to stack up to 15 empty containers high on its rooftop container depot. &ldquo This technology is very suitable for Singapore because land is extremely expensive, and stacking empty containers in the air is an efficient solution,&rdquo says Jiang. Besides allowing for greater storage capacity, the system also enables faster turnaround times for hauliers collecting/returning containers at the container depot. The overhead container storage design is so innovative that other container depots in Singapore have paid Cogent for the right to use it. For Cogent itself, the design is used at the Cogent One-Stop Logistics Hub and its Jurong Island Logistics Hub (JILH). In addition to the patented storage solution, another of Cogent&rsquo s competitive strengths is its experience in chemical logistics which has been accumulated over many years, notes Jiang. Cogent&rsquo s customers include a large MNC operating a major chemical plant in Jurong Island and local chemical firms, which utilise its dangerous goods warehousing solutions that have earned a reputation for reliability and safe handling. Doubling down on Jurong Island Jurong Island serves as a major hub for the energy and chemicals industry, with more than 100 companies operating on the island located southwest of mainland Singapore. At present, Cogent&rsquo s JILH spans around 61,000 sqm and can handle 100,000 twenty-foot containers annually, maintaining over 90% warehouse occupancy since becoming operational in April 2021, according to Cosco Shipping. To expand the JILH facility, Cosco Shipping had raised around $272 million via a rights issue in 2025 and the second phase of the JILH is scheduled for opening around end-2026/early 2027. Upon completion, capacity at the facility will double, with phase two adding 63,000 sqm of warehousing space. Cosco Shipping is &ldquo confident&rdquo about Jurong Island&rsquo s prospects. &ldquo From our market outlook, we&rsquo re optimistic about Jurong Island&rsquo s chemical sector,&rdquo says Jiang, adding that the company has been actively undertaking contract negotiations with existing and potential customers. &ldquo I can&rsquo t give specific numbers before contracts are signed, but we are quite optimistic that once the government inspections are completed and we&rsquo re allowed to start operations at year-end, we&rsquo ll be able to fill up the new phase two capacity fairly quickly.&rdquo Cosco Shipping&rsquo s confidence stems from the sustained demand from the chemical businesses operating on Jurong Island. &ldquo Although geopolitical events like the Middle East crisis have sometimes caused disruptions in raw material supply or reduced demand, and new technologies are partially substituting traditional chemical raw materials, in the long term, chemicals remain the backbone of industrial manufacturing, with many industrial raw materials coming from chemical companies,&rdquo explains Jiang. &ldquo This analysis, plus multiple rounds of deep communication with customers that have grown together with us over many years, help us make a decision to expand JILH.&rdquo JILH will be the largest integrated storage and logistics centre not only on Jurong Island, but for the whole of Singapore, affording flexibility in serving customers, notes Jiang. Regional ambition Cosco Shipping&rsquo s long-term ambition is to become &ldquo the most trusted integrated logistics enterprise in Southeast Asia&rdquo . At present, it has direct operations in Malaysia and stakes in logistics companies in Indonesia and Vietnam. From 2020 to 2023, through Cogent, the company acquired five logistics companies in Malaysia. Following the acquisitions, through continuous business restructuring and integration, the company gradually improved the revenue and profitability of its Malaysian logistics business. &ldquo At the end of 2025, our Malaysia business was still roughly at breakeven, because reorganising and restructuring involve time and cost,&rdquo says Jiang. &ldquo But in the first half of this year, the business has shown a very strong growth momentum in both revenue and profit and I think we will be able to sustain this, because Malaysia has huge opportunities for logistics development.&rdquo On a broader scale, Jiang sees economic and trade growth in the region as an opportunity for Cosco Shipping. He points out the speed of growth for markets such as Vietnam, Indonesia, Malaysia, Thailand and Cambodia, noting their sizable consumer markets relative to Singapore. &ldquo As manufacturing in these countries grows, the import of raw materials and exports of finished goods generate huge demand for logistics and shipping,&rdquo says Jiang. These are exactly the development opportunities Cosco Shipping wants to capture in these countries.&rdquo To grow in Southeast Asia, a hub was required and Singapore as the trade and financial centre of Southeast Asia was an ideal headquarters for such an endeavour. Jiang believes that once the Tuas Mega Port is fully operational, the island-state will cement its status as a maritime and trade hub, alluding to more business opportunities locally and regionally. &ldquo A large proportion of cargo only transits Singapore without being discharged into the domestic logistics system &mdash containers are unloaded, re-consolidated, and re-loaded to ships bound for the rest of the world,&rdquo he adds, sharing that it is essential for Cosco Shipping to link its scope of services to the wider Southeast Asian economy for growth. &lsquo One&rsquo Cosco Shipping Jiang reiterates the importance and competitive advantage of being &ldquo one&rdquo integrated logistics and supply chain player. Using the Malaysian business as an example, Jiang says the goal is to build one logistics enterprise that can serve customers with different logistics needs and not five separate logistics companies all branded under the same company. &ldquo No customer wants to communicate with multiple companies and exchange data and information across them ... they expect one interface, one system, one solution,&rdquo reiterates Jiang. &ldquo Otherwise, we&rsquo d be eliminated by the market.&rdquo When asked what separates Cosco Shipping from its competitors, Jiang notes that not only has the company been able to adapt timely to evolving customer and market changes, it is also able to resolve customers&rsquo logistical challenges through &ldquo efficient and reliable&rdquo execution. &ldquo By relieving their logistical worries, our customers can focus on growing their own business.&rdquo Jiang adds: &ldquo Cosco Shipping can integrate the maritime transportation resources of its major shareholder, China Cosco, as well as resources within China, and translate these advantages into contracts, revenue and profit. &ldquo We believe that in five to 10 years, our logistics businesses in Singapore, Malaysia, Indonesia, Vietnam and other parts of Southeast Asia will continue to grow steadily.&rdquo |
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Joelton
Supreme |
17-Aug-2026 13:12
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&lsquo Full of confidence&rsquo in South-east Asia: Cosco Shipping eyes investments in
Malaysia, Vietnam and Indonesia to power growth
[SINGAPORE] Mainboard-listed Cosco Shipping International (Singapore) is looking to South-east Asia for growth, betting that rising manufacturing activity and more complex supply chains will lift demand for logistics services across the region.
The logistics service provider plans to invest further in Malaysia, Indonesia and Vietnam over the next three to five years, while expanding its logistics infrastructure in Singapore, president Jiang Kai told The Business Times in Mandarin.
&ldquo We are full of confidence in the South-east Asian market," he said.
Currently, all of the company&rsquo s consolidated revenue is derived from its presence in Singapore and Malaysia &ndash with about 87 per cent from its operations in the city-state. But it also holds interests in logistics businesses in Indonesia and Vietnam, as well as a stake in a dry-bulk shipping associate operating across the region. These associated companies contributed about a quarter of the group&rsquo s profit before tax in its latest results for the first half of 2026. Despite global trade having had a tumultuous few years &ndash with US tariffs and geopolitical conflicts in Ukraine and Iran disrupting shipping routes and supply chains &ndash manufacturing activity remains robust in South-east Asia, Jiang said. He also sees a recovery in South-east Asia&rsquo s dry-bulk shipping market, which carries industrial inputs such as coal and iron ore, as manufacturing activity strengthens. Demand for specialised cargo shipping for industrial machinery, automobiles and new energy equipment has also risen as the region continues to develop. &ldquo The growth in South-east Asia&rsquo s shipping industry has similarly generated a stable increase in logistics demand,&rdquo he noted. For Cosco Shipping International (Singapore), its integrated logistics business made up about 85 per cent of group revenue in the 2025 financial year. It has smaller interests in other shipping services, including ship repair and marine engineering, dry-bulk shipping and property management. The company is the Singapore-based arm of the wider Cosco Shipping group, a Chinese state-owned shipping and logistics conglomerate. Its core business runs through its subsidiary Cogent Holdings, which provides warehousing, container depot, automotive logistics and transport services in Singapore and Malaysia. Shifts in the region&rsquo s economic development are also transforming the needs of customers. &ldquo Some Chinese manufacturing companies, when expanding into overseas markets, prioritise South-east Asia as a manufacturing base. This is a long-term positive for us.&rdquo Jiang Kai, president of Cosco Shipping International (Singapore) Jiang explained that manufacturers increasingly prefer logistics providers that can offer end-to-end solutions throughout their supply chains, while offering greater visibility and reliability. For example, a manufacturer seeking local warehousing or trucking services might increasingly expect the provider to handle ocean freight, customs clearance or deal with other practical problems in a different part of the world. &ldquo Clients are shifting away from simple price comparisons,&rdquo Jiang said. &ldquo They seek a supply chain that is relatively stable and secure &ndash one that minimises the risk of disruptions caused by complex changes.&rdquo He added that growing interest from multinational companies in South-east Asia is one of the factors driving this change. Commonly referred to as &ldquo China Plus One&rdquo , such diversification of supply chains into the region gained momentum during American President Donald Trump&rsquo s first term as trade barriers emerged between the US and China. Since then, further shocks to global trade &ndash such as the closure of the Strait of Hormuz and Trump&rsquo s worldwide tariffs &ndash have cemented South-east Asian nations as increasingly critical nodes within higher-value supply chains. &ldquo The logistics requirements behind these investments are becoming increasingly complex,&rdquo Jiang said. They often include the import of raw materials from a variety of markets and the export of finished goods to destinations such as Europe, the US and Australia. Growing Chinese interest Chinese companies have been part of that investment wave, attracted by the prospect of diversifying their supply chains and the availability of labour and infrastructure in the region, he noted. &ldquo Some Chinese manufacturing companies, when expanding into overseas markets, prioritise South-east Asia as a manufacturing base. This is a long-term positive for us.&rdquo He added: &ldquo Economic and trade links between South-east Asia and China continue to increase.&rdquo The region is China&rsquo s largest trading partner, with trade volumes between the two surpassing US$1 trillion in 2025. The company ultimately operates within a network of subsidiaries owned by its parent company China Cosco Shipping, focused mainly on logistics in South-east Asia. Jiang cited industries including chemicals, electronics, renewable energy, automotive parts and consumer goods as key sectors in which Chinese enterprises are investing more heavily. The logistics demand resulting from that relationship creates an opportunity for a logistics company with strong resource-integration capabilities, he explained. The company&rsquo s regional presence and access to other nodes in the Cosco Shipping network also allows it to capture these opportunities. If a customer&rsquo s supply chain starts in China, for instance, the company can draw on Cosco&rsquo s inland transportation and shipping network there, then connect that journey with its own logistics operations in South-east Asia. &ldquo Ultimately, customers need a logistics partner that understands both regional operations and global supply chains,&rdquo said Jiang. &ldquo Whether it is South-east Asian customers shipping to China, or Chinese customers shipping to South-east Asia, our ability to integrate resources gives the listed company bigger room for growth.&rdquo Regional investment Cosco Shipping International (Singapore) is now putting more capital behind this strategy. Jiang views the company&rsquo s operations in Malaysia as an important priority, noting that it is focusing efforts on restructuring its operations there to increase efficiency. &ldquo Our focus at present remains on accelerating the integration of several companies in Malaysia, so that we can quickly achieve the business scale we should have in that market,&rdquo he said. Indonesia and Vietnam could also receive greater investment over the next three to five years, he said. For instance, the group is exploring investments into terminals in Vietnam&rsquo s inland waterways. But Jiang acknowledged that operating across borders comes with new difficulties. He cited policy uncertainty and port congestion in Indonesia, as well as the possibility of new tariffs in regional markets, as risks that could cloud the outlook for trade flows. In Singapore, Cosco&rsquo s largest current investment is the second phase of its Jurong Island Logistics Hub, which features upgraded integrated logistics services and is due for completion in the fourth quarter of this year. Jiang said that this expanded facility will enable the company to capture logistics opportunities relating to specialty chemicals and data centres. He added that the regional push comes as the company&rsquo s financial performance shows signs of improvement. For the six months ended June 2026, revenue rose 6.4 per cent to S$96.8 million, while gross profit increased 2.8 per cent to S$23.8 million. Integrated logistics contributed about 88 per cent of revenue at S$85.2 million, up 5.6 per cent from the previous year. But Jiang stressed that the company would not chase size for its own sake, but instead pursue sustainable growth through its integrated resource network. &ldquo We will continue to monitor market developments carefully, identify suitable opportunities, and invest in areas where we can create sustainable value while delivering high-quality services to our customers,&rdquo he said. |
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stockpicker
Master |
13-Aug-2026 18:49
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Good result and stock price went down? | ||||
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Elf2000
Elite |
13-Aug-2026 16:45
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Is not the first time using these words.
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Joelton
Supreme |
13-Aug-2026 11:20
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COSCO patmi surges 188% y-o-y to $7.57 million for 1HFY2026 For 1HFY2026, COSCO Shipping International reported a 188% increase in patmi to $7.57 million, on revenue of $96.8 million, which is 6% higher than 1HFY2025. No interim dividend was declared as the company is evaluating strategic business expansion to ensure sustainable growth. Gross profit increased 3% y-o-y to $23.8 million while cost of sales increased 8% y-o-y to $73 million, in line with the increase in revenue from warehousing services, automotive services and ship repair and marine engineering. Profit for the period rose 149% y-o-y to $8.28 million. On a segmental basis, revenue from logistics activities increased 6% y-o-y to $85.2 million mainly due to higher revenue from warehousing services and automotive services. The logistics segment accounts for about 88% of COSCO&rsquo s revenue in 1HFY2026. For property management, revenue 1% y-o-y from to $1.27 million, mainly due to the increase in revenue from rental and service fee. Revenue from ship repair and marine engineering increased by 14% y-o-y to nearly $10.4 million, mainly due to higher revenue from ship repair and fabrication works. Cash and cash equivalents decreased from $179.0 million to $153.9 million, mainly due to acquisitions of property, plant and equipment, offset by net cash provided by operating activities. Borrowings decreased 1% to around $92.7 million. The net proceeds from a July 2025 rights issue have substantially been deployed towards the development of Jurong Island Logistics Hub (JILH) phase II and the repayment of bank borrowings. The company says the new capital has &ldquo strengthened&rdquo its capital structure and financial flexibility, enabling the business to support its long-term growth objectives and ongoing investment needs amid an uncertain external environment. COSCO also updated that it expects to obtain the temporary occupation permit for JILH phase II by the end of the year. It adds that it continues to advance the restructuring and integration of its logistics operations in Malaysia to streamline its business structure, enhance operational efficiency and optimise costs. Shares in COSCO closed at 11.9 cents on Aug 12, down 0.2 cents or 1.7%. |
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sengkang
Master |
30-Jul-2026 09:16
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What' s happening to this stock? Better profits? |
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SmallSmall
Supreme |
30-Jul-2026 09:16
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PROFIT GUIDANCE IN RELATION TO THE GROUP&rsquo S FINANCIAL PERFORMANCE FOR THE HALF YEAR ENDED 30 JUNE 2026 (&ldquo 1H2026&rdquo ) The board of Directors (the &ldquo Board&rdquo ) of COSCO SHIPPING International (Singapore) Co., Ltd. (the &ldquo Company&rdquo , together with its subsidiaries, the &ldquo Group&rdquo ) wishes to inform shareholders that based on a preliminary review of the Group&rsquo s unaudited consolidated financial results for 1H2026, the Group is expected to report a significant increase in the net profit attributable to equity holders of the Company for 1H2026 as compared to the half year ended 30 June 2025. The increase in profit is mainly attributable to (i) on the income aspect, increase of gross profit, interest income, sundry income and share of profit of associated companies and (ii) on the cost aspect, decrease in interest expenses due to early repayment of bank borrowings. The Group is in the process of finalising the financial results for 1H2026. The full financial results for 1H2026, including analyses and commentary, will be announced by the Company in due course, and in any event not later than 12 August 2026. In the meantime, shareholders and investors are advised to exercise caution when dealing in the shares of the Company. In the event of any doubt, they should consult their stockbrokers, bankers, solicitors, accountants or other professional advisors. By Order of the Board |
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chinhm88
Member |
04-May-2026 17:52
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Maybe Cosco gain the rise of freight rate, surcharge cause by the Iran War. | ||||
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sengkang
Master |
04-May-2026 16:51
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Hmmmmm
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Tracer63
Elite |
24-Apr-2026 08:46
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Accumulate Cosco
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moneynoenough
Senior |
24-Apr-2026 03:43
Yells: "ikan bilis " |
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a salted fish roll...? | ||||
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sengkang
Master |
23-Apr-2026 16:13
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Anything brewing? | ||||
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Tracer63
Elite |
23-Apr-2026 16:02
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Running!!
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Tracer63
Elite |
23-Apr-2026 14:57
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Cosco just broke out of its hibernation | ||||
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longterminvestor
Master |
09-Feb-2026 13:37
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Maybe got some surprise for shareholders hahaha
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longterminvestor
Master |
09-Feb-2026 09:18
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Better FY26 results | ||||
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Joelton
Supreme |
07-Feb-2026 13:02
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Cosco Shipping International (Singapore) expects to report FY2025 earnings of $7.4 million
Cosco Shipping International (Singapore) expects to report earnings of some $7.4 million for its FY2025, which is 35% higher than the preceding $5.5 million.
The company attributes the increases to higher revenue from logistics, ship repair and marine engineering sectors, as well as lower distribution and finance costs.
Cosco expects to report on or before Feb 26.
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wavesurfer
Member |
15-Jan-2026 00:08
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Any guru can throw some lights on this one? quiet for many years. | ||||
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Newbie85
Veteran |
23-Dec-2025 08:15
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Catching up with the peers! | ||||
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LoudShout
Master |
16-Dec-2025 11:41
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Yes, broke the tradition where share price traded above right price. This one tanked.
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