Executive Briefings

China Shipping Chasing Maersk by Ordering Five of the World's Biggest Vessels

China Shipping Container Lines plans to order five 18,000 20-foot-equivalent unit container ships, the world's largest, becoming the first carrier to challenge Maersk Line, which will deploy the first vessel of this size in the Asia-Europe trade in June.

China Shipping Chasing Maersk by Ordering Five of the World’s Biggest Vessels

The new vessels, to be built in South Korea, will raise the Chinese ocean carrier's "core competitiveness," CSCL said in a filing to the Shanghai stock exchange.

Hong Kong-based CSCL, the world's ninth-largest carrier, said, "Further details will be disclosed after a firm contract is signed."

Three Korean yards "” Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering "” have submitted bids, and the victor is expected to be announced in May.

Read Full Article

The new vessels, to be built in South Korea, will raise the Chinese ocean carrier's "core competitiveness," CSCL said in a filing to the Shanghai stock exchange.

Hong Kong-based CSCL, the world's ninth-largest carrier, said, "Further details will be disclosed after a firm contract is signed."

Three Korean yards "” Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering "” have submitted bids, and the victor is expected to be announced in May.

Read Full Article

China Shipping Chasing Maersk by Ordering Five of the World’s Biggest Vessels