Search results for: China Shipping Container Lines

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  • 12 October 2016
    Business & Finance

    China’s shipping company China Shipping Container Lines is looking to raise up to CNY 12 billion (USD 1.78 billion) as it plans to issue up to 3.27 billion of A shares. The shares would be priced at a minimum of CNY 3.66 per A share, CSCL said. Additionally, the company has agreed to subscribe for such number of A […]

  • 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 […]

  • 4 July 2016
    Business & Finance

    Following the approval for a major asset restructuring received in February 2016, China Shipping Container Lines (CSCL) now said that it is expected to switch from a container liner operator into an integrated financial services platform with leasing businesses. The company’s new segments would cover vessel leasing, container leasing and non-shipping leasing as core and shipping financing as feature. […]

  • 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 […]

  • 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 […]

  • 5 July 2016

    Finland’s ship engine maker Wärtsilä has been awarded the contract to supply newbuild Chinese container vessels with a total of 24 9-cylinder Wärtsilä 32 Auxpac generating sets. The engines will power six 21,000 TEU ships being built at the Shanghai Waigaoqiao Shipyard (SWS) for China Shipping Container Lines (CSCL). The order was placed in June […]

  • 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 […]

  • 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 […]

  • 31 March 2016
    Business & Finance

    Strong headwinds in the container shipping industry have pushed China Shipping Container Lines Company Limited (CSCL) to a loss of RMB 2.95 billion (USD 456.5 million) against a RMB 1.04 bilion profit from 2014. The revenue of the group decreased from RMB 36 billion in 2014 to RMB 31.8 billion in 2015, representing a decrease of 11.8%. […]

  • 8 April 2016
    Business & Finance

    Eight new 13,500 TEU container vessels being built for China Shipping Container Lines (CSCL) at Chinese Hudong-Zhonghua shipyard are to be powered by 32 Wärtsilä Auxpac 32-generating sets.  The order was placed in March 2016 with Wärtsilä’s joint venture company, CSSC Wärtsilä Engine Co (CWEC). Wärtsilä says that the total power output from the contracted Wärtsilä engines […]

  • 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 […]

  • 22 April 2010

    China Shipping Container Lines Company Limited (CSCL) on Thursday posted a loss of 6.49 billion yuan (950.31 million U.S. dollars) in 2009, down from a net profit of 134.69 million yuan in 2008. Revenues fell to 19.94 billion yuan from 2008’s 35.25 billion yuan, a year-on-year decline of 43.4 percent, said the company in a […]

  • 10 July 2015
    Business & Finance

    China Shipping Group, the controlling shareholder of China Shipping Development Company Limited (CSD) and China Shipping Container Lines (CSCL), is making arrangements for increasing its shareholding in the two companies. The move comes following the notice from China Securities Regulatory Commission (CSRC) to parent groups of listed companies to invest efforts in stabilizing the stock […]

  • 10 July 2015
    Business & Finance

    China Shipping Group, the controlling shareholder of China Shipping Development Company Limited (CSD) and China Shipping Container Lines (CSCL), is making arrangements for increasing its shareholding in the two companies. The move comes following the notice from China Securities Regulatory Commission (CSRC) to parent groups of listed companies to invest efforts in stabilizing the stock […]

  • 13 July 2010

    China Shipping Container Lines Co. (2866.HK) said Tuesday it expects to swing to a net profit for the first half because of a rebound in the international shipping market and increasing sales. The company, China’s largest container shipper by capacity, posted a net loss of CNY3.43 billion in the first half of 2009.

  • 4 October 2013
    Business & Finance

    Following the recent signing agreement by China Shipping Container Terminals for a 24% shareholding in APM Terminals Zeebrugge, APM Terminals announced the first call of China Shipping Container Lines’ CSCL Star on the AEX7 service on 3 October. “We are extremely proud to welcome China Shipping Container Lines to our facility. This new service adds […]

  • 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 […]

  • 29 November 2007

    China Shipping Container Line (CSCL), a unit of state-owned China Shipping (Group) Co., has shifted its Asia-Middle East-America service to DP World UAE region’s new container terminal at the Jebel Ali port.

  • 15 October 2007

    China Shipping Container Lines Co aims to list in Shanghai by the end of this year to fund its purchase of container assets from its parent and to expand its fleet by 44 percent over the next few years, sending its shares to a record high.

  • 8 September 2007

    The first 8,530-TEU container ship, of which China owns the full intellectual property rights, had been delivered to China Shipping Container Lines Co. Ltd. (Shanghai) and left for its maiden voyage to the United States on Sunday. It has made China the fourth country in the world, after the Republic of Korea, Japan and Denmark […]

  • 5 May 2013

    Construction Begins on China’s Largest Container Ship China Shipping Industry (Jiangsu) Co., Ltd., on April 28th, began construction on the 10,000TEU container ship whose ship owner is China Shipping Container Lines Co., Ltd. (CSCL). The vessel, classed by GL and CCS, will be the largest and the most advanced 10,000TEU container … CSCL Eyes Major […]

  • 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 […]