China Shipping Container Lines (CSCL) and China Ocean Shipping Co (Cosco) are planning to develop their container slot-swap agreement on the Middle East/Indian subcontinent trade to more ports in the areas.
The new agreement, one of the first of its kind between China's leading container-ship operators, started in February between Dubai, Dammam and Karachi. However, there are plans to extend that service to take in more ports on the sub-continent, including possibly Nhava Sheva, and to expand in the Arabian Gulf when trade and berthing operations return to normal after the Iraq War.
Meanwhile, CSCL has introduced two new 5,600 teu container ships to its Asia/Europe service. They are part of an eight-ship order placed with domestic yards. The vessels are among the largest container ships ever built in China.