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.
China Shipping Group, the mainland's second-biggest shipping company by assets, is considering selling bonds denominated in US dollars for the first time as borrowing costs in Asia drop to a more than one-month low.Thursday, 16 January, 2014, 2:36am
Container shipping firms are hoping for a better year as freight rates rebound in the lead-up to the Lunar New Year holiday and the nagging problem of overcapacity eases during the year.8 Jan 2014 - 2:18am
Singapore's PSA International yesterday added another mainland container port to its portfolio after winning a tender floated by China Shipping Container Lines for its stake in a major port in Jiangsu.6 Nov 2013 - 4:54am
China Shipping, the mainland's second-biggest shipping group, is set to splash out US$2.2 billion on a fleet of gas carriers and ultra-large container ships capable of carrying 18,000 20-foot containers.1 May 2013 - 5:04am
China Shipping Terminal Development will make its first terminal investment in Europe after agreeing to buy a 24 per cent stake in APM Terminals Zeebrugge in Belgium.
The move came six months after the firm, which is wholly owned by China Shipping Container Lines, expressed interest in taking a stake in the Zeebrugge facility, one of three terminals at the Belgian port.15 Mar 2013 - 4:38am
Three of China's largest shipping companies posted mixed third-quarter results yesterday with China Cosco Holdings remaining in the red, while two subsidiaries of rival China Shipping staunched the red ink of earlier quarters to report net profits.31 Oct 2012 - 4:12am
Lehman Europe plans creditor payout
The European arm of Lehman Brothers is planning a November payout to unsecured creditors, its first since the US investment bank's collapse four years ago, after attempts to return cash were slowed by legal disputes and snowballing claims. Reuters
Shipping lines join forces, stocks jump13 Oct 2012 - 5:19am
Shipping stocks nosedived yesterday amid renewed investor concern about the state of the shipping market, fuelled by doubts about the recovery in Europe.
Jon Windham, the Asian maritime analyst at Barclays in Hong Kong, said it was a 'pretty ugly day across the board'.10 May 2012 - 12:00am
China Shipping Container Lines, the mainland's second-largest container carrier, is set to post a massive loss of up to 2.5 billion yuan (HK$3.08 billion) for last year due to the downturn in consumer demand in western economies and slower mainland growth.19 Jan 2012 - 12:00am
HNA, the maritime, aviation and property group, and several of its shipping offshoots are facing a fresh round of legal disputes in the US from rival companies over its vessels.11 Jan 2012 - 12:00am
Jinhui Shipping & Transportation, a dry-bulk shipping company, will do 'everything and anything' to recover almost US$10 million it is owed by mainland shipping company Grand China Logistics (GCL).5 Dec 2011 - 12:00am
China Shipping Container Lines (2866) was a big mover last week, rising 13.3 per cent on Thursday alone. The jump came despite no particularly positive news about the issuer and a downbeat outlook for the shipping sector. For example, MISC - Southeast Asia's largest shipping line by market value - signalled last week its intention to get out of its unprofitable container business.5 Dec 2011 - 12:00am
Maritime regulators in the United States will maintain a close watch for potentially anti-competitive behaviour by container lines operating transpacific services until at least the end of April next year.12 Sep 2011 - 12:00am
Was the Standard & Poor's downgrade of the US' credit rating an irrevocable turning point in the decline of American hegemony, or a mere technicality that - for any other country - would be of interest only to bond quants? After all, a perfect rating with two out of three credit agencies isn't bad, and S&P's downgrade to AA+ seemed more symbolic than substantive.15 Aug 2011 - 12:00am
Book building and the management roadshow started on August 1 for the proposed IPO of China Shipping Nauticgreen. With a price range of HK$1.56 to HK$2.50 per share, and 600 million new shares offered to investors to fund the purchase of containers, the deal was aiming to raise up to HK$1.5 billion.8 Aug 2011 - 12:00am