COSCO Shipping Heavy Industry has launched its IPO process on the Shanghai Stock Exchange, aiming to enhance its position in the global shipbuilding market.
COSCO Shipping Heavy Industry is Preparing for an IPO
COSCO Shipping Heavy Industry, the shipbuilding and maintenance arm of COSCO Shipping, one of China’s largest maritime groups, has initiated the process for an initial public offering (IPO) on the Shanghai Stock Exchange. The company's entry into the capital markets is seen as a new move in the race for growth in the global shipbuilding sector.
COSCO Shipping Heavy Industry has officially begun preparations for an A-share IPO in Shanghai.
With the registration submitted to the China Securities Regulatory Commission, the company has commenced the IPO advisory process. China International Capital Corporation (CICC) and China Merchants Securities will serve as advisors for the company's IPO preparations.
A Global Power with 9 Shipyards
Based in Shanghai and fully state-controlled, COSCO Shipping Heavy Industry operates in shipbuilding, ship repair, conversion projects, offshore engineering, and marine equipment sectors.
The company has 9 large and medium-sized shipyards across China.
As of the end of 2025, COSCO Shipping Heavy Industry has a total of 216 vessels in its order book, with a total capacity of approximately 24.77 million dwt. It has also reported that 76 vessels are currently under construction during the same period.
Ambitious in Ship Conversions
The company is not only a significant player in new ship construction but also in maintenance and conversion projects.
COSCO Shipping Heavy Industry has the capacity to provide maintenance and conversion services for over 1,500 vessels annually. The company holds a strong position particularly in FPSO conversion projects.
Chinese Shipyards Gaining Strength
COSCO's IPO move is viewed as part of a strategy to further strengthen China's leadership in the global shipbuilding sector.
The need for fleet renewal in global maritime transport, the transition to alternative fuel vessels, and the increasing demand for new ships are boosting the order volumes of Chinese shipyards.
Industry experts believe that the financing obtained from the IPO could be utilized for the company's technology investments, capacity expansion, and efforts to enhance global competitiveness.
Source: SeaNews Türkiye
