PT.ZHONGHAI INDO SHIPPING

China shipping Container Liners Co., Ltd (CSCL) announced the 2009 Annual results on 22nd Apr, 2010, which is concerned by all parties. The Chairman of CSCL, Mr. Li Shaode, the managing director, Mr. Huang Xiaowen and other management attended the press releasing and the results presentation held in the Conrad Hong Kong. The financial tsunami starting from 2007 has worsened deeply in 2009 with such unprecedented, broad and deep adverse impact. Despite the adoption of a number of counter-measures, the Group has failed to reverse its state of making losses continuously. For the year 2009, the Group’s revenue was RMB19,740,331,000, representing a decrease of 43.4% as compared with the year 2008. The Group’s loaded container volume was 6,741,790 TEU, representing a decrease of approximately 3.7% as compared with last year. In light of difficult operating environment, the Group implemented comprehensive measures invarious ways in response to the market: Firstly, CSCL Reorganising the fleet structure, optimising the trade lane design. Secondly, CSCL deepened the “Three Refinement” philosophy and increased efficiency. The fuel cost was saved USD31,907,000 as compared to the market price during the same period. The container management cost of single container decreased of 31.8%. The port charges averaged to single container decreased of 26.7% and stevedore charges averaged to single container decreased of 21.7%.Total annual transshipment loaded container volume of international trade lanes decreased 376,000 TEU as compared with last year. At the same time, CSCL devoted to marketing, further cooperation, internal control mechanism and financial management.

Cargotec is supplying for eight ship-sets of loose container lashings for CSCL's series of 14,100 TEU container ships.
“CSCL order is the biggest single deal we have won so far in the China area for our lashing business,” says Tommi Keskilohko, sales manager for container ships at Cargotec. “The CSCL contract came about through good and close co-operation with our local marketing team in Shanghai, and further strengthens the relationship with our very important customer,” Keskilohko continues.
Containers are exposed to numerous external forces such as wind and waves and the mass of the cargo is also accelerated by ship movements. Each year a large number of containers are washed overboard as a result of insufficient lashings, extreme weather, and/or incorrect loading or overloading.
Container lashing systems need to have margins for rough handling and therefore safe and robust design is important to reduce operational errors and to ensure durability. Cargotec offers MacGregor and AllSet lashing products and systems, which have designs based on years of experience. They offer the highest possible cargo safety standards and are quick and easy to operate to meet tight port schedules.

CHINA Shipping Container Lines Co Ltd (CSCL) will continue to make Westports Malaysia in Port Klang its mega transshipment hub in Southeast Asia. A Westports statement said Ma Zehua, CSCL vice-president, made the commitment to Westports' executive chairman Tan Sri G. Ghanalingam during a recent visit to the port.
CSCL is Westports' second largest customer after French liner CMA CGM. Last year, Westports handled some 552,000 TEUs (20-foot equivalent units) for CSCL, including for the group's feeder liner, Puhai Shipping, and the volume is expected to increase this year."We have been constantly improving the productivity rate on their vessels."They have not only grown in terms of volume but also in terms of vessel sizes as more and more mega-sized vessels are making regular calls at Westports," the statement added. – Bernama