China Shipping Container Lines

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.

Singamas Container says 2014 profit down, but looks for rosier 2015

A container plant by Singamas in China. Photo: Charlotte So

Singamas Container reported 2014 net profit which is lower than the previous year, but is expecting a better 2015 bolstered by pent-up demand from shipping lines and the firm’s investment in a gateway province between China and Southeast Asia.

Tuesday, 24 March, 2015, 12:53am

China Shipping plans US dollar bond amid low rates

China Shipping is to meet investors today. Photo: SCMP

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.

16 Jan 2014 - 2:36am

Increased freight rates start year on high note for container shipping lines

Shipping lines have raised freight rates as planned recently as an earlier Lunar New Year helps drive orders. Photo: Bloomberg

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 wins tender to buy stake in major Jiangsu port

Export goods are piled at the Port of Lianyungang. Photo: Xinhua

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 orders five 18,000 teu monsters

China Shipping will splash out US$2.2b on a fleet of gas carriers and ultra-large container ships .

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

CSCL unit buys 24pc stake in terminal in Belgium

China Shipping Terminal Development also has holdings in terminals in Los Angeles, Seattle and Egypt. Photo: Bloomberg

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

Cosco still in red but two others shine

China Cosco recorded a 1.53 billion yuan third-quarter net loss.

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

Business Digest, October 13, 2012

Dragonair to launch Yangon route

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 jump

13 Oct 2012 - 5:19am

Shipping firms take beating on HKEx

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

CSCL set to post huge loss for 2011

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

Lawsuits filed in US against HNA firms

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 'fed up' with Grand China

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

Market calls

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

US watchdog extends monitoring

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

Local themes play out behind fears of America's decline

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