Booming intra-Asia trade pushes container traffic to new monthly record
New data from Container Trade Statistics (CTS) shows global container traffic in May hit a ...
Intra-Asia carrier Asean Seas Line (ASL) is continuing to grow its owned fleet with the company emerging as buyer for four 1,100 teu ships that China State Shipbuilding Corp’s leasing unit, CSSC Shipping, commissioned at affiliated yard Wuchang Shipbuilding Industry Group last week.
CA Shipping, the Hong Kong-incorporated special-purpose vehicle that ordered the ships, is a 60:40 joint-venture between CSSC Shipping and ASL’s holding company, ASL Shipping. CSSC Shipping’s stake is held indirectly through subsidiary Fortune Container Carriers.
The latest newbuildings, at ...
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