China Shipping Container Lines Expands Into Terminal Sector

2008-05-20 Beijing

China Shipping Container Lines Co. Ltd. has expanded into the terminal sector. Its terminal business experienced strong momentum in the first quarter of this year, with 2,981,000 containers handled during the period. After being acquired by China Shipping Container Lines, China Shipping Terminal Development will be committed to implementing new development strategies and establishing a global transshipment center network. In addition, the company, which will strengthen its partnerships with investors, will give emphasis to the profitability-centric, management-based operation philosophy and make efforts to form an effective, complete business model, maximizing the yields on terminal investment and operation.