China Shipping Container Lines Co Ltd (HK stock code 2866) owns, charters and operates container vessels for international and domestic transport services, and also operates container terminals.
The mainland's seemingly insatiable appetite for grains, oilseeds and construction supplies should see demand in the dry bulk shipping sector stay strong despite the still uncertain outlook for the global economy.Friday, 7 March, 2014, 12:57am
The shift of manufacturing and outsourcing to China, which started after the mainland joined the World Trade Organisation in 2001, has probably ended.
But the scale of the move back to production in Europe and the Americas has been exaggerated, a senior shipping executive says.10 Apr 2013 - 3:57am
A fleet of container ships so large that ports require radical surgery to accommodate them are on their way. The new Triple-E ships, which will come into service this summer, are 400 metres long, wider than a motorway and taller than a 20-storey office block.8 Mar 2013 - 3:38am
Cosco mulls €1b stake in Greece's biggest port
Mainland shipping group Cosco is considering investing €1 billion (HK$10.4 billion) for a 60 per cent stake in Greece's largest port, at Piraeus, which is on the government's privatisation agenda, financial daily Imerisia said. Cosco already has an investment in the port, which is 74 per cent state-owned. Reuters
15 Jan 2013 - 4:16am
The mainland's huge and fast-growing logistics market is plagued by high costs, said industry players at the recent Asian Logistics and Maritime Conference.
"We hope after the 18th party congress, there will be reforms to resolve problems in the sector," said He Liming, president of the China Federation of Logistics and Purchasing.12 Nov 2012 - 4:27am
Key mainland ports such as Shanghai could boost container volumes and revenues if they are allowed to let foreign carriers transship international cargo at Chinese hub ports, according to a senior maritime executive.25 Oct 2012 - 4:53am
The mainland's two largest shipping companies, China Ocean Shipping (Group) and China Shipping, are exploring ways to deepen their business relationship, Cosco president Ma Zehua confirmed yesterday.
He said the two sides would "conduct more dialogue and research" to strengthen their co-operation across various shipping sectors and not just the container shipping business.18 Oct 2012 - 4:47am
China Shipping Container Lines (2866) filed a profit warning on Thursday on the Hong Kong exchange's website. It said it expects a loss for the first half of this year attributed to the Japanese earthquake, high oil prices and too many ships. Its share price fell 6.9 per cent on the day of the alert.1 Aug 2011 - 12:00am
China Shipping Development, the mainland's largest oil and coal shipping group, has ordered five vessels worth HK$2.7 billion from China Shipbuilding & Offshore International and Dalian Shipbuilding Industry, banking on strong domestic demand for energy.24 Dec 2010 - 12:00am
Bulk shipping operator China Shipping Development ordered four iron-ore vessels for US$360.6 million amid rising demand of the raw material used in steelmaking.
The Shanghai-based company signed the accord with CSSC Guangzhou Longxue Shipbuilding to build four very large iron-ore carriers of 230,000 deadweight tonnes each, it notified the Hong Kong Stock Exchange yesterday.29 Oct 2007 - 12:00am
Intermodal transport halves shipping time
China Shipping Container Lines (CSCL) has teamed up with the Ministry of Railways to provide the first intermodal container railway transport service between the mainland and Russia, cutting cargo transport time by more than half.22 Oct 2007 - 12:00am
China Shipping Container Lines, the sixth-largest container shipping company in the world, yesterday said it expected to issue A shares in Shanghai by the end of this year.13 Oct 2007 - 12:00am
China Shipping Development, a leading mainland coal and oil shipping company, said first-half profit rose 70 per cent as it expanded its fleet and a rise in dry bulk freight rates outpaced a drop in tanker rates.
The company further forecast that nine-month net profit will rise more than 50 per cent due to the buoyant mainland demand for iron ore and coal.15 Aug 2007 - 12:00am
China Shipping Development, a mainland dry bulk and crude oil carrier, said last year's profit rose 2.4 per cent as volume growth helped ease the impact from falling freight rates and rising fuel cost.
Net profit rose to 2.75 billion yuan from 2.69 billion yuan a year earlier, in line with market expectations. Sales rose 12 per cent to 9.8 billion yuan.30 Mar 2007 - 12:00am
China Shipping Container Lines plans to raise 1.8 billion yuan from a domestic bond sale to finance the purchase of a dozen vessels as it capitalises on the appreciation of the local currency and ease the impact of higher interest rates.28 Mar 2007 - 12:00am