The 2013 financial reporting season for container lines ended for many carriers in a sea of red ink as high bunker prices and weak freight rates combined to drag down profits.
China Shipping Container Lines
28 Jan 2014
Jefferies expects Asian container lines’ earnings for the fourth quarter of 2013 overall will be in line with or below Bloomberg consensus estimates, as freight rates in Asia-related trade lanes continued to slide and overcapacity remained.
20 Jan 2014
China Shipping Container Lines has upgraded the capacity of five ships on order at Hyundai Heavy Industries from 18,400 TEUs to 19,000 TEUs, the South Korean shipyard said today as it began construction of the first of the world’s largest container vessels.
13 Jan 2014
It’s too early to predict precisely how the container shipping business will play out in the new year, but there is one certainty: The P3 Network will shake things up in a big way. In the six months since Maersk Line, Mediterranean Shipping Co. and CMA CGM announced they would pool their biggest ships in a giant vessel-sharing alliance in the main east-west trades, competing liner companies have been playing catch-up in an effort to match the P3’s market size and power.
31 Dec 2013
Seventeen of the Top 20 container carriers worldwide are expecting deliveries of new ships in the next 12 months, which could make 2014 a record-breaking year for capacity...
27 Dec 2013
What follows are our picks for the top 10 stories of 2013. Do you agree? Disagree?
16 Dec 2013
Will there be a CKYH-E?
26 Nov 2013
SHANGAI, China — In the latest shake-up of senior management at a Chinese shipping company, Zhao Huxiang, chairman of H
21 Nov 2013
Container shipping lines operating from Asia to the U.S. intend to restore baseline freight rates for late holiday season shipments in December and the pre-Lunar New Year period in January.
21 Nov 2013
China Shipping (North America) has plans to relocate its customer service center in Houston and its intermodal center in Chicago to make way for a new...
19 Nov 2013
Li Shaode, 63, has retired as chairman of China Shipping Group, one of the largest state-run shipping conglomerates in China. The Investor Relations Department of the group’s listed company, China Shipping Container Lines (CSCL), has confirmed the news.
30 Oct 2013
China Shipping Container Lines reported a net loss of 404.4 million Chinese yuan (about US$66.3 million) in the third quarter of 2013.