China Shipping Container Lines

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.

22 Jul 2015
The first half of 2015 brought seven new services to Busan’s youngest terminal and an additional 1 million 20-foot-equivalent unit containers through South Korea’s largest marine gateway, port officials said Wednesday.
14 May 2015
Evergreen Line this month will launch a new intra-Asia service in partnership with Cosco and China Shipping, enhancing the Taiwan carrier’s intra-Asia operations.
Hamburg Sud container ship
04 May 2015
Increasing cooperation between Hamburg Sud and carriers in the Ocean Three Alliance suggests it “seems only a matter of time” before the German container line joins the alliance, Drewry Container Insight said in a speculative commentary this week.
CSCL Globe, China Shipping container ship
27 Apr 2015
China Shipping Container Lines in the first quarter continued its profitable turnaround that began with a positive 2014 annual result, reporting a 305 percent increase in net profit to $40 million.
11 Jan 2015
The 2M alliance between Maersk Line and Mediterranean Shipping Co. began in Dalian at the weekend when the brand new Triple-E vessel, Munkebo Maersk, left the northern Chinese port for Busan in South Korea, its second stop on the Asia-Europe rotation.
08 Jan 2015
The world’s largest container ship, the 19,100 TEU CSCL Globe, sailed into the British gateway Port of Felixstowe this week to make its maiden European call in a loop that will include Rotterdam, Hamburg and Zeebrugge.
CMA CGM container ship in Hamburg, Germany
27 Dec 2014
CMA CGM on Friday released extensive details of the Ocean Three east-west alliance that it will begin early in 2015 along with United Arab Shipping Co. and China Shipping Container Line.
22 Dec 2014
A China Shipping Container Lines (CSCL) executive has shrugged off demand forecasts predicting 3 to 5 percent market growth in the next few years that will not be enough to fill the capacity flooding into service.
17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
08 Dec 2014
As the world’s first 19,000 TEU ship sets sail on its maiden voyage on Monday, concerns are being raised that mega container ships pose a substantial risk to cargo and crew due to their sheer size and inability of supporting infrastructure to come to their aid in the event of an accident.
19 Nov 2014
China Shipping said it will launch the first of five 19,100-TEU container ships by end of the month, supplanting Maersk Line as the operator of the world’s largest container vessel.
09 Nov 2014
United Arab Shipping Co. is expanding its refrigerated container fleet as it targets new business in South America.