COSCO SHIPPING Ports Limited completed its reorganisation in March 2016, becoming a pure terminals operator. This involved the (1) acquisition of China Shipping Ports Development Co., Limited and the (2) disposal of Florens Container Holdings Limited, the container leasing, management and sale business. On 22 July of the same year, the Company changed its name from COSCO Pacific Limited to COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports”). The new name not only reflects the Company’s strategic goals and more focused business, but also highlights the Group’s synergies with its parent company.

COSCO SHIPPING Ports’ largest shareholder is COSCO SHIPPING Holdings Co., Ltd (Stock Code: 1919.HK), whose ultimate parent company, China COSCO Shipping Corporation Limited (“COSCO SHIPPING”), is one of the largest integrated shipping companies in the world. COSCO SHIPPING Ports benefits from the competitive advantages brought by its parent company and the synergies among COSCO SHIPPING group companies, as well as long-term support from large-scale shipping companies in China and overseas.

The Group’s terminals portfolio covers five main port regions in Mainland China, Hong Kong and Taiwan, as well as overseas hub ports. As of 31 December 2016, we operated and managed 180 berths at 30 ports worldwide, of which 158 were for containers, with a combined annual handling capacity of approximately 97.25 million TEU. The Group’s total throughput represents a global market share of approximately 13.0%, making it the world’s largest container terminals operator by this measure. The Group’s equity throughput represents a global market share of approximately 4.3%, making it the world’s fifth largest container terminals operator by this measure.