China Shipping Container Lines

China Shipping Container Lines is the world’s eighth-largest container shipping company, with a fleet that comprises of 148 vessels with a total operating capacity of more than 610,000 TEUs. Established in Shanghai in 1997, the shipping line is present in more than 100 countries around the world.

CSCL, which is affiliated with China Shipping Company, posted revenue of RMB 15.5 billion in 2013 — up 3.5 percent from the previous year. The company recorded a net loss of RMB 1.26 billion, down 1.8 percent from the previous year’s net loss of RMB 1.28 billion.

CSCL was the 15th-ranked container carrier in U.S. containerized import trade in 2013, with volume of 611,666 TEUs, up 1.7 percent year-over-year, giving it market share of 3.4 percent. It was No. 18 in U.S. containerized export trade in 2013, with volume of 273,061 TEUs, up 1.2 percent year-over-year and market share of 2.1 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

18 May 2016
Cosco Executive Vice President Howard Finkel and JOC Senior Content Editor Alessandra Barrett discuss Cosco’s merger with China Shipping Container Lines, freight rate trends, and the biggest operational change that came out of the West Coast labor strife of 2014 and 2015.
31 Mar 2016
The last financial results for Cosco and China Shipping Container Lines as independent companies highlights the financial difficulties that have forced their merger into China Cosco Shipping.
22 Feb 2016
The newly formed China Cosco Shipping Corp. aims to become the third-largest global container line by boosting its fleet by at least 50,000 twenty-foot-equivalent units to more than 2 million TEUs by the end of 2018.
18 Feb 2016
China Cosco Shipping Corporation was officially launched in Shanghai, bringing together the mainland’s two largest carriers and amassing a huge armada of container ships, bulk carriers and tankers that far out strip those of its rivals.
16 Feb 2016
CMA CGM and Cosco are leading efforts to create a new vessel-sharing alliance that could include Evergreen Line and OOCL and would shake up three of the four major east-west carrier groupings, the Alphaliner newsletter reported.
09 Feb 2016
A dozen tugboats pulled a mega-ship out of the mud of the Elbe River so that it could call at the Port of Hamburg, illustrating the pressure such gargantuan ships place on ports and rescue crews.
04 Feb 2016
China Shipping Container Lines’ mega-ship Indian Ocean has run aground in the Elbe river roughly 19 miles from the Port of Hamburg, according to the German newspaper Die Welt.
28 Jan 2016
Cosco Container Lines’ acquisition of China Shipping’s container ship fleet is expected to happen about March 1, Cosco said in a filing with the U.S. Federal Maritime Commission.
25 Jan 2016
China Shipping Container Lines has warned investors that it will make a 2015 net loss of $430 million on the back of record low freight rates and vessel impairment losses.
16 Dec 2015
To mitigate service disruptions caused by potential consolidation, APL, CMA CGM, China Shipping Container Lines and Cosco could elect to participate in more than one major alliance during a transition phase, Federal Maritime Commissioner William Doyle said last week.
14 Dec 2015
CMA CGM’s $2.4 billion acquisition of Neptune Orient Lines and the forthcoming merger between state-owned Cosco and China Shipping are unlikely to spur a fresh round of consolidation in container shipping, according to Drewry.
13 Dec 2015
China Shipping Container Lines will exit the container trade under the merged and reorganized China Cosco Shipping Group, a move that raises questions on the carrier’s continued participation in the O3 Alliance it shares with CMA CGM and UASC.