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- Title
Chinese Shipping Company in the Market for $1.5 Billion Worth of Ships.
- Authors
Dodillet, Lauren
- Abstract
The article reports that China Shipping Container Lines Co. (CSCL), a subsidiary of China Shipping Group Co., is planning to award a 1.5 billion dollars contract to procure 10 ultra-large ships, as a part of its plans to meet capacity commitments for its Ocean Three Alliance. The alliance including CSCL, France's CMA CGM SA, and United Arab Shipping Co., will help the firms in improving operational efficiency. The contract will be announced by the end of 2015, and potential candidates for the contract include Shipyards Dalian Shipbuilding Industry Co., Shanghai Waigaoqiao Shipbuilding Co., and Hudong-Zhonghua Shipbuilding Group Co. Ltd.
- Subjects
COSCO Shipping Development Co. Ltd.; CHINA Shipping (Group) Co.; INDUSTRIAL capacity; INDUSTRIAL efficiency; CMA CGM SA; UNITED Arab Shipping Co.; SHANGHAI Waigaoqiao Shipbuilding Co. Ltd.; HUDONG-Zhonghua Shipbuilding Group Co. Ltd.; SHIPPING containers
- Publication
China Business Review, 2015, p1
- ISSN
0163-7169
- Publication type
Article