Already the world’s manufacturing hub, it seems that China is now keen to control a larger slice of the globe’s main container corridors and maritime businesses.

While prospects in the container shipping business are looking up, the future for the global terminal operating industry looks likely to be more challenging.

The box leasing sector saw fleet growth stalled by weaker demand and record disposals in 2016, with the demise of Hanjin Shipping a further setback.

China’s economy and its trading/logistics environment are going through a period of change that looks set to continue.

MacGregor, part of Cargotec, has completed cargo system upgrades for two 14,000 TEU container vessels owned and operated by China Shipping Container Lines (CSCL). The vessels have re-entered service, and MacGregor and CSCL have signed a letter of intent for similar modifications for five more ships.

China Shipping Terminal Development has acquired a 20% equity share in the KEC Busan Container Terminal

Already the world’s manufacturing hub, it seems that China is now keen to control a larger slice of the globe’s main container corridors and maritime businesses.

While prospects in the container shipping business are looking up, the future for the global terminal operating industry looks likely to be more challenging.

The box leasing sector saw fleet growth stalled by weaker demand and record disposals in 2016, with the demise of Hanjin Shipping a further setback.

China’s economy and its trading/logistics environment are going through a period of change that looks set to continue.

MacGregor, part of Cargotec, has completed cargo system upgrades for two 14,000 TEU container vessels owned and operated by China Shipping Container Lines (CSCL). The vessels have re-entered service, and MacGregor and CSCL have signed a letter of intent for similar modifications for five more ships.

China Shipping Terminal Development has acquired a 20% equity share in the KEC Busan Container Terminal