PT.ZHONGHAI INDO SHIPPING

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

Seaspan Corp has revealed its decision to delay delivery of as many as 16 boxships from a number of Asian shipyards.
The New York-listed company will pay $19m to a variety of Asian shipyards for the right to delay deliveries of 11 of the 23 ships it has on order. It will pay between $1.3m and $1.8m per vessel in order to defer deliveries from two to 15 months.
The owner has 45 containerships in service and a further 23 on order after taking delivery of three vessels this year. Earlier this month, Seaspan took delivery of the 8,495 teu Cosco Japan, the first of eight ships it ordered in May 2007 at Hyundai Heavy Industries on the back of long-term charters to Cosco Container Lines (Coscon). It also received the 2,544 teu Guayaquil Bridge, the first of two ships ordered at Jiangsu Yangzijiang Shipbuilding for long-term charter to K Line and the 5,100 teu Hyundai built MOL Empire on charter to MOL.
A further seven in the 8,500 teu series are on charter to China Shipping Container Lines (CSCL), to whom Seaspan charters around half its fleet. Other vessels for delivery to Seaspan over the coming 30 months include two of 4,250 teu, five of 4,500 teu and eight of 13,100 teu.

Mr. Li Shaode President of China Shipping Group Co., said that China Shipping has agreed to transport more than 40 million tons coal for Shenhua Group.
The first two months have already seen seven million tons of coal shipped and estimated 40 million tons for the whole year.
China Shipping Group (CSG) is the largest second shipping player in China, behind Cosco Group, however, CSG is the biggest player in the domestic market. Shenhua iGroup which is head quartered in Beijing has 54 coal mines with a total capacity of 200 million tons.
Much of China’s domestic shipping market focuses on transporting minerals from the coal-rich north to the power stations in the south.