Search results for: CSCL

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  • 30 July 2015
    Business & Finance

    Shanghai-listed China Shipping Container Lines (CSCL) has placed an USD 934.4 million order with Shanghai Jiangnan Changxing Shipbuilding for eight 13,500 TEU container ships. The order was placed through CSCL’s Hong Kong-based subsidiary China Shipping Container Lines (HK) Limited, and the boxships are due for delivery between April and December 2018. Each vessel is valued at approximately USD […]

  • 26 December 2014
    Business & Finance

    China Shipping (Group) Company and Hyundai Heavy Industries co-held a new vessel naming and delivery ceremony in Ulsan, Korea on December 19, to celebrate the formal entry into operation of the second 19,100 TEU container ship, CSCL Pacific Ocean. After its delivery, CSCL Pacific Ocean will sail out immediately and, together with CSCL Globe, join […]

  • 12 August 2013

    CIC (Jiangsu) Co., Ltd. began construction of CSCL’s (China Shipping Container Lines) second 10,000TEU container ship on August 6th. Relevant leaders form CSCL, CCS Shanghai Branch, CSCL Jiangsu Branch and Hudong Zhonghua attended the steel cutting ceremony. The ceremony was presided over by Chen Junhua, Party Secretary of CICJS. The executive director of CICJS Wang […]

  • 28 August 2015
    Business & Finance

    China Shipping Container Lines Company Limited (CSCL) has recorded a steep decline in profit recording 97.5 % fall in earnings when compared to the last year’s results. Namely, the profit attributable to owners of the parent in the first half of 2015 amounted to RMB 10,643,000 (USD 1.6 million) a major fall from RMB 431.6 million […]

  • 28 August 2015
    Business & Finance

    China Shipping Container Lines Company Limited (CSCL) has recorded a steep decline in profit recording 97.5 % fall in earnings when compared to the last year’s results. Namely, the profit attributable to owners of the parent in the first half of 2015 amounted to RMB 10,643,000 (USD 1.6 million) a major fall from RMB 431.6 million […]

  • 25 January 2016
    Business & Finance

    China Shipping Container Lines (CSCL) has issued a profit warning announcing an expected loss of RMB 2.8 billion (USD 425 million) for the financial year ending December 31st. CSCL said that out of this amount RMB 2 billion is attributed to an operating loss and RMB 800 million to impairment on assets. The results resume […]

  • 28 April 2015
    Business & Finance

    China Shipping Container Lines Co. Ltd (CSCL) resumed a very profitable streak having reported 305.6% year-over-year net profit increase in the first quarter of 2015, attributed to a hike in operating profit. CSCL’s net profit in the first quarter reached CNY 249 million (USD 40 million), a jump from CNY 61.4 million from 2014. However, the […]

  • 2 November 2015
    Business & Finance

    Shanghai-based container carrier China Shipping Container Lines (CSCL), part of China Shipping Group, has confirmed a bareboat charter agreement for six 21,000 TEU container ships to be constructed by Shanghai Waigaoqiao Shipbuilding (SWS). The contract was signed by CSCL’s subsidiary China Shipping Container Lines (HK) Limited. CSCL HK has chartered the six boxships from China Shipping Nauticgreen Holdings […]

  • 12 August 2013
    Business & Finance

    CIC (Jiangsu) Co., Ltd. began construction of CSCL’s (China Shipping Container Lines) second 10,000TEU container ship on August 6th. Relevant leaders form CSCL, CCS Shanghai Branch, CSCL Jiangsu Branch and Hudong Zhonghua attended the steel cutting ceremony. The ceremony was presided over by Chen Junhua, Party Secretary of CICJS. The executive director of CICJS Wang […]

  • 30 July 2015
    Business & Finance

    Shanghai-listed China Shipping Container Lines (CSCL) has placed an USD 934.4 million order with Shanghai Jiangnan Changxing Shipbuilding for eight 13,500 TEU container ships. The order was placed through CSCL’s Hong Kong-based subsidiary China Shipping Container Lines (HK) Limited, and the boxships are due for delivery between April and December 2018. Each vessel is valued at approximately USD […]

  • 11 January 2019
    Business & Finance

    Cosco Shipping Development signed a sale and leaseback deal for four 10,000 TEU containerships.

  • 10 April 2012

    DP World’s Jebel Ali Port has welcomed for the first time China Shipping Container Lines’ (CSCL) giant new addition to its service linking the UAE with China and the Far East, the MV CSCL Uranus. To mark the vessel’s maiden call to Jebel Ali, a red carpet welcome ceremony greeted the captain and crew of […]

  • 7 December 2014
    Business & Finance

    19,100 TEU CSCL Globe, the world’s largest container ship and the first in a series of five same-sized ships ordered by China Shipping Container Lines (CSCL) in May 2013, last week embarked on its maiden voyage from Tianjin Port, China. Measuring 400.0 m in length, 58.6 m in width and 30.5 m in depth, the vessel is as […]

  • 17 August 2015
    Business & Finance

    China is said to be planning to merge is two container shipping majors China Cosco and CSCL within efforts to consolidate state owned enterprises, which is likely to cause a domino effect on existing carrier alliances and further carrier mergers in Asia, damaging industry competition, according to consultancy firm Drewry. Shares in China Cosco, China Shipping […]

  • 21 December 2015
    Business & Finance

    Shanghai-based containerized transportation company China Shipping Container Lines (CSCL) has signed an Operation Performance Package service agreement with ABB Turbocharging, part of the power and automation technology group ABB Group. Under the contract, ABB Turbocharging will service and provide spare parts for 113 turbochargers on 23 vessels, including 51 TPL type and 62 VTR type turbochargers. Added to existing service […]

  • 29 July 2015
    Business & Finance

    China Shipping Development Company (CSDC) and China Shipping Container Lines (CSCL) have received a combined subsidy of around CNY 1.05 billion (USD 169m) from China’s Ministry of Finance for the disposal and retrofitting of their vessels. CSDC was granted approximately CNY 925 million (USD 149m), while CSCL received around CNY 127m (USD 20.5m) through their parent company China Shipping (Group) Company. CSCL expects […]

  • 7 January 2015
    Business & Finance

    The world’s largest container vessel, the CSCL Globe, called at the UK’s biggest container port Felixtowe for the first time. The behemoth vessel docked at Felixtowe at 1pm loaded with 19, 000 standard containers. Measuring 400.0 m in length, 58.6 m in width and 30.5 m in depth, the vessel is as large as four soccer […]

  • 30 October 2015
    Business & Finance

    China Shipping Container Lines Company Limited (CSCL) revealed its plan to bareboat charter up to eleven 21,000 TEU containerships via its wholly-owned subsidiary as it pushes to boost its competitiveness and lower its carbon footprint. Six mega boxships will be rented out on a firm charter, with options for five more units, as disclosed in […]

  • 5 July 2006

    The world’s largest container ship, Xin Los Angeles, has been delivered by Samsung Heavy Industries Co Ltd (SHI) to Lloyd’s Register class. The ship is owned by China Shipping Container Lines (CSCL) and is operated by China International Shipmanagement Company Ltd, a joint venture between CSCL and V.Ships. The ship is 9,600 teu and is […]

  • 18 November 2014
    Business & Finance

    South Korean shipbuilding giant Hyundai Heavy Industries Co., Ltd. (HHI) announced today that it held a naming ceremony for the world’s largest containership, the first of five 19,000 TEU containerships ordered from China Shipping Container Lines (CSCL) in May 2013. The containership was named CSCL Globe by He Li Jun, wife of Xu Li Rong, chairman of China […]

  • 16 June 2016
    Business & Finance

    Container shipping majors COSCO Container Lines (CSCL) and Hanjin Shipping have launched a new joint Gulf of Mexico Express (GME) service at the beginning of June. The companies’ first call in the new weekly, direct container shipping service between the Port of Mobile and key ports in Asia, was scheduled for June 6, at APM Terminals Mobile, Alabama. The new […]

  • 4 February 2016

    The 184,320 dwt containership CSCL Indian Ocean, one of the world’s biggest boxships, grounded on the Elbe river in Hamburg in the evening hours of February 3, according to the German Federal Waterways and Shipping Administration. The exact cause of the incident has not been confirmed, however, a possible malfunction in the navigational system or a […]