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CSCL Reportedly Ordering 10 Huge Container Ships

Wall Street Journal reporters indicate that China Shipping Container Lines (CSCL), a subsidiary of the China Shipping Group, is reportedly planning to order 10 ultra-large container ships for US $1.5 billion. The mammoth container ships can carry up to 20,000 intermodal containers each, which would help CSCL fulfill its capacity commitments for its Ocean Three Alliance while also reducing the per-container cost of transport and boosting the line's bottom line. The Ocean ... [+]

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