OREANDA-NEWS. August 26, 2011.   China shipping Container Liners Co., Ltd (CSCL) announced the 2011 Interim results on 25th Aug , 2011, which is concerned by all parties. The managing director, Mr. Huang Xiaowen, CFO Mr. Zhao Xiaoming and other management attended the press releasing and the results presentation held in the Island Shangri – La Hotel.

During the Period, the Group’ loaded container volume was 3,436,223TEU, slightly down 3.3% as compared with the same period of 2010, and revenue was RMB13,966,904,000, representing a decrease of RMB2,060,016,000 or 12.9% as compared with that of the same period of 2010.

In contrast with 2010, the lower freight rate, weaker market demand, higher oil prices and other negative factors had led to a downturn in the results of the Group. In this kind of market environment , the Group adopted various measures to reduce the loss. The group optimized fleet structure and trade lane based on effectiveness, extended cooperation and strengthened cost control, Promoted brand and team building, Perfected agency network and raised service level.

It is expected in the second half of 2011 and in the next one or two years, the road to recovery will be characterized by uncertainty and volatility and is not going to be an easy one. Despite such complex situation, the Group will face up to all future market volatility and operating pressure while fulfilling its business targets:
 1.Continue to optimize fleet structure.
 2.Strive to enhance operational efficiency.
 3.Continue to strengthen the cost control.
 4.Strengthen construction of global agency network and overseas sales network.
 5.Improve team building, brand service and fulfilling social responsibility.