China Shipping Container Lines

China Shipping Container Lines

25 Jan 2017
China's largest shipping company is about to record a huge loss for 2016, an indication of what is to come in the troubled industry.
The merger of Cosco and China Shipping Container Lines hasn't been without its issues, but the widespread disruption seen in other mergers has not taken place.
11 Aug 2016
Although mergers typically lead to disruption and irate shippers, that has not been the case in the recent merger of Cosco and China Shipping Container Lines.
09 Aug 2016
Zhao Hongzhou, a former general manager at China Shipping Container Lines, has been tapped to lead the integration of of APL’s greater China operations into CMA CGM.
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.
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.
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.