American Shipper

CHINA SHIPPING PLANS TO ENTER TRANSATLANTIC IN MID-2001

CHINA SHIPPING PLANS TO ENTER TRANSATLANTIC IN MID-2001

   China Shipping Group said it is planning to enter the northern Europe/North America trade next year.

   A spokesman for China Shipping Agency (Germany) said the carrier is considering the launch of its first transatlantic container service in about June next year. This would likely be under a slot-charter agreement with another carrier, he said.

   The expansionist Chinese carrier entered the transpacific and Asia/Europe liner trades in 1999 and has quickly established itself as a major operator in the deep sea container trades.

   China Shipping Group is also known to have looked at the possibility of entering the Mediterranean/U.S. trade by extending its Asia/Mediterranean container service to North America.