CSCL seeks extra 2m boxes to cover supply shortage

CHINA Shipping Container Lines (CSCL), the container shipping offshoot of China Shipping Group, says the company needs an additional two million containers this year as a result of its slowsteaming regime and reduction of box supply from manufacturers.

Frank Fan, CSCL investor relations department manager, told local analysts that the company returned some boxes in 2009 and, alongside the reduction in production from container manufacturers, this resulted in a shortage of containers. However, Mr Fan played down the...

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