Cosco Shipping arm readies China IPO to capitalise on global shipbuilding wave

Supply chain stress and transit detours boost China’s shipbuilding orders, setting stage for Cosco Shipping Heavy Industry’s listing

Cosco Shipping Heavy Industry finished its pre-IPO registration and preparations, according to information released on the China Securities Regulatory Commission website on Saturday.

Specialising in cargo and container vessels, the unit offers construction, repair, conversion, maintenance and offshore engineering services. It is wholly owned by China Cosco Shipping, headquartered in Shanghai.

Operating revenue reached nearly 40 billion yuan (US$6 billion) in 2024, with profits of 3 billion yuan. Revenue for 2025 soared 22 per cent.

Company data showed that in 2025 it secured new shipbuilding orders for 79 vessels worth 41.3 billion yuan and delivered 62 vessels totalling 6.31 million deadweight tonnes (DWT). Its order book stood at 216 vessels amounting to 24.77 million DWT at the end of 2025.