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.