China's 2nd largest carrier suffers huge deficit

China Shipping Container Lines (CSCL) lost more than USD 430 million in 2013, thus delivering the latest evidence of the serious crisis among several Asian carriers.

BY OLE ANDERSEN

China Shipping Container Lines (CSCL) - China's second-largest carrier, stock-listed in both Shanghai and Hong Kong - finished 2013 with blood-red numbers on the bottom line, with a total deficit of USD 431 million, according to the carrier's annual report.

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