CHINA SHIPPING GROUP WANTS PLACE AMONG TOP 10 CARRIERS

CHINA SHIPPING GROUP WANTS PLACE AMONG TOP 10 CARRIERS

   China Shipping Group, the new expansionist Chinese shipping line, said that it intends to be one of the top 10 liner operators within five years.
    The Shanghai-based carrier said that it plans to enter the transpacific and transatlantic trades. It also intends to commence an Asia-Mediterranean container service early next year.
    The China Shipping Group, virtually unknown outside Asia until recently, has 47,000 employees worldwide. The company said that it is involved in general cargo shipping, container shipping, tankers, passenger shipping, crew training, freight forwarding and other activities.
China Shipping Group is headed by president Li Kelin, a former senior executive of China Ocean Shipping Co.