HOME > History
History
Our Group's history dates back to the year of 2012 when our Company was incorporated in Hong Kong to serve as the sole leasing company under CSSC Group, which is a leading state-owned shipbuilding conglomerate in the PRC. As the first shipyard-affiliated leasing company in Greater China, we leverage our unique insights into the marine industry and offer customised ship leasing solutions to customers.
In order to capture the business opportunities brought about by the increasing demand for ship leasing services in the PRC, CSSC Shanghai and CSSC Tianjin were established in the PRC in 2014. Kylin Offshore was also incorporated by our Company and a company incorporated in Singapore, which is an Independent Third Party, in Singapore in 2014.
Over the years, we have continued to expand our scale of operations as well as our vessel portfolio. According to the F&S Report, in terms of revenue in 2018, we ranked fourth in the global ship leasing industry with a market share of 3.9% and first in the global non-bank ship leasing industry with a market share of 14.8%.
Key Milestones
- 2012 Our Company was incorporated in Hong Kong as the sole leasing company under CSSC Group.
- 2013 The Company entered into an operating lease transaction for three 18,000-TEU container vessels with a leading global shipping group.
- The Company entered into a financial lease transaction for seven 208,000-tonne bulk carriers with certain subsidiaries of a global shipping company.
- 2014 The Group and Gloar, the world’s leading LNG industry chain equipment operation company, signed for the world’s first retrofit floating LNG production and storage unit (FLNG) construction financing and sale-leaseback project.
- The Company entered into a financial lease transaction for seven 208,000-tonne bulk carriers with certain subsidiaries of a global shipping company.
- 2015 The Company entered into a sale-and-leaseback transaction for a FLNG vessel with a subsidiary of a LNG shipping company.
- 2016 The Group invested in the world’s largest 85,000 cubic meter fully-cooled very large LPG carrier (VLGC) to serve China’s clean energy supply.
- The Group and Red Box signed two agreements for the sale and leaseback of the world’s first polar class heavy-transport deck carriers, connecting Chinese shipbuilding companies with the Russian Yamal LPG project.
- 2017 The Group and Dynagas, a world-renowned LNG carrier operator, signed a agreement for two 174,000 cubic meter floating LNG storage and regasification units (LNG-FSRU) financing and leasing project. This is the first domestic large-scale LNG-FSRU order received.
- 2018 We established a joint-venture company with a subsidiary of a leading Asian-based industrial supply chain and logistics solution provider to invest in eight 55,000-tonne chemical tankers.
- We entered into an operating lease transaction for four 120, 000-tonne bulk carriers with a subsidiary of a global agricultural trader.
- Our Company was included in the list of"Double-Hundred Enterprises(雙百企業)"published by the leading group for state-owned enterprise reform under the Supervision and Administration Commission of the State Council (國務院國有企業改革領導小組)
- 2019 The Group undertook “the 2019 High Quality Development Forum and Signing Ceremony of Billions of Orders” of CSSC Group.
- CSSC Shipping was successfully listed on SEHK.
- 2020 The Company released the first ESG report (2019)t.
- The Company issued USD 400 million bonds due 2025 and USD 400 million bonds due 2030.
- The Company entered into a financial leasing project for four 86,000 cubic meter dual-fuel of VLGC carrier with Southwest Marine Limited.