China Shipping to focus on container shipping

China Shipping to focus on container shipping    China Shipping Group’s vice president, Huang Ju, told the state-owned assets supervision and administration commission of China’s State Council his group will concentrate on container shipping as its core business.
   State-owned China Shipping Group is the parent company of China Shipping Container Lines and also has bulk shipping activities.
   China Shipping said in a statement that Huang “affirmed China Shipping Group’s strategy of concentrating on container shipping — its core business — and forge an internationally competitive shipping line for the nation.”
   Operating a fleet of 117 vessels with a combined capacity of about 255,000 TEUs, China Shipping Container Lines also has a large orderbook of new container vessels, including eight vessels of 9,200-TEU scheduled to be delivered in 2006 and 2007.