China Shipping Group Company
In order to build a full range of feeder networks in South East Asia, the China Shipping Group Company decided to move its South East Asian Regional Headquarters from Singapore to Malaysia. The dual purpose of this relocation is to link Westport, Port Kelang with ASEAN countries and also to be more involved in marketing activities in Malaysia. China Shipping was ranked second among the main line operators in Westport, Port Kelang in 2005.
“We believe that this move will increase trade not only between China and Malaysia but also between China and ASEAN countries”, says Li Zuoming, Vice President, China Regional Shipping Holdings Sdn Bhd. “We also hope that with the focus on shipping activities in Malaysia, we will be able to support the development of Port Klang into a competitive shipping hub in the region.”
China Shipping has total assets of RMB 40 billion, (US$5 billion) with 400 vessels and an aggregate deadweight of 11.5 million tonnes. The five shipping arms under the Group’s umbrella are tankers, tramps, cruises, container and special cargo vessels.
The company is a diversified concern, being involved in logistics, terminal management, financing and investment, engineering and human resource, supply and trading, information and technology.
Over the last few years, China Shipping has made strides in container traffic and, currently has a fleet of more than 100 vessels, with a total capacity of 350,000 TEUS, catering for China’s domestic and international trade.