This is where China's new container player stands

On February 18th, the newly established Chinese container carrier China Cosco Shipping Corporation (CCSC) saw the light of day with the merger of Cosco and China Shipping Group. The container carrier soars on the ranking as one of the world's largest players, Alphaliner writes.

Photo: PR-foto

There has been a lot of interest in the new Chinese container carrier, China Cosco Shipping Corporation (CCSC), which was born with the merger of the two national groups Cosco and China Shipping Group. Most recently from France's CMA CGM, whose senior management visited Shanghai at the beginning of this month to meet with CCSC about a possible future alliance.

And it was not just any old container carrier that emerged from the merger. With the combination, CCSC is catapulted to fourth place on the ranking of the world's current largest container operators, close behind CMA CGM, while there is more distance to MSC and Maersk Line, according to a graph from Alphaliner. Excluding container ships out on charter, the carrier's fleet consists of 293 vessels with a total of 1.55 million teu. Meanwhile, CCSC has an aggregate orderbook of 36 container ships with a total of 556,000 teu, which will be delivered over the next three years and bring the fleet past two million teu at the end of 2018.

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