OREANDA-NEWS. August 31, 2012.  China shipping Container Liners Co., Ltd (CSCL) announced the 2012 Interim results on 29th Aug. 2012, which is concerned by all parties. The manage director, Mr. Huang Xiaowen , CFO Mr. Liu Chong ,company secretary Mr.Ye Yu Mang and other management attended the analyst briefing .The results presentation held in the Island Shangri La Hotel on 30th Mar. 2012.

During the Period, the Group's revenue was RMB15.3Bil, representing a decrease of 10% as compared with 2011. Loss attributable to equity holders of the Company was
RMB1.28Bil and losses per share were RMB0.11. .

At the beginning of 2012, the shipping market extended the sluggish trend of 2011. Demand from the European and U.S. economies remained weak, while the container transportation capacity expanded continuously. Fuel prices also remained persistently high, creating immense pressure on shipping companies. In face of the complicated market situation, the Group adopted an active approach by implementing various measures. The group followed market changes and adjusted capacity accordingly, Practical measures were taken to reinforce cost control. More resources were put into marketing which targeted big clients strived to optimize its trade lanes through increased collaboration with external Parties, actively expanded extended services to optimize the logistics supply chain. 

  It is expected the next one or two years, the road to recovery will be characterized by uncertainty and volatility. Despite such complex situation, the Group will face up to all future market volatility and operating pressure while fulfilling its business targets:

  1. Consistently improve service standards .
  2. Continue to put more resources in marketing
  3. Implement refined management to control cost
  4. Promoting the Large Cooperation strategy 
  5. Refine global service network and fulfill its social responsibility.