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|  | | CSCL earning down 98% in 2008 |
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¡¡¡¡China Shipping Container Lines Co., Ltd. announced on March 26th performance in 2008, earnings fell 98.7% to RMB42.97 million. Chairman Li Shaode said that in 2009 the company has only one new ship to deliver and has no plan to cancel any orders for new vessels or sell ships. In addition, to ensure the balance of payments, the company will increase freight rates every two months in Europe and the Middle East services. By the impact of volume reduction and freight decease, the company container boxes last year total fell 4.9% to 6.94 million TEU, the total revenue fell 11% to RMB34.7 billion.
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