COSCO Shipping Development

With continued support from the Chinese government, CSCL's global TEU market share increased 126% between 2000 and 2006, becoming the second fastest growing container carrier in the world.

Over the years, CSCL developed a large intermodal network in the US by contracting with trucking companies and all major US railroads.

In May 2001, CSCL, Marine Terminal Corporation, and BNSF Railway announced a twice-weekly on-dock train service to deliver China Shipping containers from the Port of Los Angeles to Chicago, IL.

In 2006, after Kelin retired, Li Shaode – who had 40 years of experience in the shipping industry – was appointed chairman of CSCL.

As China increasingly became the world's factory, CSCL played a significant role in transporting exports of consumer goods and imports of recycled material from developed countries.

[7] In 2014, CSCL along with CMA CGM and United Arab Shipping formed the Ocean Three Alliance – a business agreement to share vessel space.

Florens also incorporates the container fleet of Dong Fang International Asset Management, which was owned by China Shipping Group.

On 14 August 2017, the container ship CSCL Jupiter ran aground near Bath, Netherlands shortly after departing from the port of Antwerp headed for Hamburg, Germany.

China Shipping container