CHINA SHIPPING GROUP: NO COMMENT ON 5,500-TEU CHARTERS

CHINA SHIPPING GROUP: NO COMMENT ON 5,500-TEU CHARTERS

   China Shipping Group said that it could neither confirm nor deny reports that it will take two 5,500-TEU new containerships on charter from the Greek charter owner Costamare.
    If the deal is confirmed, China Shipping will be able to replace ships of about 2,400-TEU capacity used in its new transpacific service, starting mid-November, by vessels more than twice as large.
    Costamare also has a firm contract to charter five new 6,200-TEU containerships to Sea-Land Service when they are delivered next year.