• ITVI.USA
    15,411.130
    -4.180
    0%
  • OTLT.USA
    2.740
    -0.021
    -0.8%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,375.870
    -11.650
    -0.1%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,411.130
    -4.180
    0%
  • OTLT.USA
    2.740
    -0.021
    -0.8%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,375.870
    -11.650
    -0.1%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

China Shipping leapfrogs APL as world’s fifth-largest box carrier

China Shipping leapfrogs APL as world’s fifth-largest box carrier

   China Shipping Container Lines has overtaken APL as the fifth-largest ocean container carrier, when measured in container fleet capacity.

   According to statistics provided by BRS-Alphaliner, China Shipping operates 119 container ships with a total capacity of 330,087 TEUs, ahead of APL with 102 vessels totaling 325,345 TEUs.

   Since Friday, China Shipping has received two 4,250-TEU vessels, “CSCL Brisbane” and “New Haikou,” helping it pass APL’s capacity.

   The “CSCL Brisbane” will be deployed on China Shipping’s recently started weekly all-water AMAX service calling Asia, Canada and the U.S. East Coast via the Suez Canal and the Mediterranean. The “New Haikou” will be used in the intra-Asian trade, China Shipping said.

   The fast-growing Chinese carrier’s position will soon be under threat, though, if Hapag-Lloyd’s parent company TUI AG’s planned takeover of CP Ships is successful. TUI said it plans to combine Hapag-Lloyd’s and CP Ships’ operations, creating a fleet of 139 ships with a capacity of more than 400,000 TEUs.

   China Shipping has been heavily linked in the past with a takeover of CP Ships and rumors persist that it will challenge TUI’s offer with a counter bid anytime soon.

   Before its 2004 initial public offering, China Shipping said it plans to expand its fleet to 144 vessels with a capacity of about 434,000 TEUs by the end of 2007.

We are glad you’re enjoying the content

Sign up for a free FreightWaves account today for unlimited access to all of our latest content

By signing in for the first time, I give consent for FreightWaves to send me event updates and news. I can unsubscribe from these emails at any time. For more information please see our Privacy Policy.