China Shipping Development Co. Ltd. Public (SHA: 600026) Company Facts: China Shipping Development Company Limited was known as Shanghai Haixing Shipping Company Limited that was initiated by Shanghai Sea Transportation (Group) Company in year 1994 and listed in Hong Kong Stock Exchange in the same year. The company’s current parent company is China Sea Transportation Group that was established in Shanghai on July 1997, which is also the parent company of Shanghai Sea Transpiration (Group) Company, Guangzhou Sea Transportation Group Company and Dalian Sea Transportation Company at the time it was set up. On December 1997, China Sea Transportation Group took over Shanghai Haixing Shipping Co. Ltd. and changed its name into China Shipping Development Co. Ltd. The company was listed in Shanghai Stock Exchange in year 2002. China Shipping Development Co. Ltd. is the largest Chinese domestic costal sea-transporter for petrol and coal bulk containers. The company plays crucial role in China as w...
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