Continental Shipping Line quits box sector

Continental Shipping Line quits box sector

Singapore-based feeder operator Continental Shipping Line (CSL) is reported by Alphaliner as exiting the box sector, having sold two 1,400 teu ships for scrap.

The line operated one service from Singapore to Port Klang and Yangon. It was established four years ago by Continental Investment & Holdings (CIH), which is controlled by Myanmar owner Captain Ko Ko Htoo.

At its peak the company had 24 ships ranging in size from 1,000 to 6,350 teu, mainly on charter to other operators. Over the past two years however the company has sent almost all of its ships for scrap.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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