PT.ZHONGHAI INDO SHIPPING

China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaode, the company's president said yesterday. "We will intensify our cooperation with Shenhua Group to improve the freight capacity for coal", Li, who is also a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), told China Daily on the sidelines of the ongoing conference.
"The first two months have already seen seven million tons of coal shipped," he said, "and we estimate that it will rise to 40 million tons for the whole year."
As the second largest sea-cargo group in China, China Shipping (Group) Company transported less than 10 million tons of coal for Shenhua Group in 2009, while Shenhua Group, China's largest coal producer, had 159 million tons of its coal shipped in total that year.

The slew of new intra-Asia services seen in 2010 continues. Evergreen Line and China Shipping Container Lines (CSCL) will launch a new joint service, the China-Philippines-Thailand Express Service (CPT) effective mid-March.
The new CPT service, which is expected to commence from Shanghai, will operate with three 2,500 teu vessels. Evergreen will deploy one vessel and two vessels will come from CSCL.
The port rotation is as follows:
Shanghai–Ningbo–Manila North Harbor–Manila South Harbor–Laem Chabang–Hong Kong–Shanghai
With China and the ASEAN countries forming a huge new trading bloc this year container lines have unveiled more intra-Asia services than has been seen for many years.

CHINA Shipping Container Line expects average market freight rates to be volatile this year, writes Hui Ching-hoo in Hong Kong. The Chinese container shipping giant said freight rates might see a dip at the end of the third quarter due to unstable economic conditions in Europe. But CSCL chairman Li Shaode said the global box shipping market had begun 2010 positively.  Mr Li pointed out that many suppliers had stockpiled inventories last year as the global economy plunged into recession, but now many of the suppliers had trimmed accumulated stocks on signs of gradual economic recovery.  CSCL raised its freight rate by $200-$500 per teu in January and another $50-$300 per teu in February as a result of the improving global economy.  His remarks reflected a spike by the China Container Freight Index, which soared 12.3% to 1,168 between January 26 and February 26 this year. Mr Li expects the market rebound of to carry through to the second and third quarters, although there may be a some downward pressure at the end of the third quarter in anticipation of worsening economies of some European nations such as Greece and Spain.