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.

Webcasts

Midyear Trucking Report: Is a Rally or Retreat Ahead?
Aug 25, 2016 2:00PM EDT
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.
11 Dec 2015
The listed entities of Cosco and China Shipping Container Lines will resume trading on Monday after being suspended for more than five months as reorganization to merge the complex web of public entities under the two groups gets under way.
10 Dec 2015
The long-expected merger of Cosco and China Shipping has received the green light from the State Council, China’s media is reporting.
01 Dec 2015
Talks between state-owned giants Cosco and China Shipping will continue into the new year, the groups said in exchange filings, six months after trading in shares of their listed subsidiaries was suspended.
11 Nov 2015
Minority shareholders not controlled by Beijing may be the biggest problem faced by attempts to merge Cosco and China Shipping Container Lines believes investment equity firm Jefferies.
06 Nov 2015
A U.S. Federal Maritime Commissioner said he was told earlier this week by representatives of China Shipping Container Lines and Cosco that the container lines are in the early stages of a merger.
15 Oct 2015
China’s two largest shipping lines continue to tease the market with cryptic filings to the Shanghai and Hong Kong stock exchanges and an extension of the trading halt that has been placed on shares since August.
21 Aug 2015
The expected merger of China Shipping and Cosco speaks not just to the increased pressure on container lines — even state-owned ones — to become profitable, but also the political and economic changes rippling through China.
12 Aug 2015
Trading of the eight listed units of Cosco and China Shipping on the Shanghai, Shenzhen and Hong Kong Exchanges has been suspended all week in preparation of a joint announcement by the giant state-owned carriers that is widely expected to be news of a merger.
30 Jul 2015
China Shipping Container Lines has placed orders for eight 13,500 twenty-foot-equivalent container ships at Shanghai Jiangnan Changxing Shipbuilding, continuing the aggressive fleet expansion began last year.