BUSINESS

China Shipping expands container transport capacity to 5,668 TEUs vessels

China Shipping (Romania) Agency Co. Ltd. SRL, the exclusive agent in Romania of China Shipping Container Lines, a company dealing in container shipping affiliated with China Shipping (Group) Company, celebrated Tuesday the increase of the transport capacity of the Asia-Black Sea Express (ABX) service between the ports of Shanghai and Constanta, from 4,200 twenty-foot equivalent units (TEU) to 5,668 TEUs per vessel. The event, organised at the Constantza South Container Terminal (CSCT) of the Constanta South port, was attended by H.E. Huo Yuzhen, Ambassador of the People’s Republic of China to Romania, by Luo Zhongming, Managing Director of China Shipping (Romania) Agency, by Petre Catalin, General Manager of China Shipping (Romania) Agency, along with many Romanian and Chinese diplomats and trade representatives, local and port authorities. “I am proud to declare that China (Romania) Agency evolution has been remarkable even against the background of the global economic crisis. In only six years we managed to double the volumes as well as the values in terms of turnover and earnings (…)I am sure that China Shipping decision to upgrade the ABX service will give satisfactions to all relates partners”, Luo Zhongming added.“ABX (Asia Black Sea Express) Service connects the most important China ports with Constanta. Service’s full rotation takes 56 days and the main ports and the direction are: Shanghai – Ningbo – Shekou – Singapore – Port Kelang – Piraeus – Istanbul – Constanta – Ilyichevsk – Port Kelang – Shanghai”, Petre Catalin said in the opening of the event. China Shipping vessels call CSCT terminal, the most modern container terminal in East Europe, by which China Shipping (Romania) Agency offers prompt, efficient and high quality services to the clients.The ambassador emphasised that this upgrade is a new major step in the development of trade relation between China and Romania. “In 2011, commercial exchanges between China and Romania, as provided by our internal data, reached a total of USD 4.4 bln, up 17 pc against 2010, while imports to our country amounted to approximately USD 1 bln. In their turn, exports to the country advanced by 15 pc against 2010. China thus becomes the first source country of Romanian imports outside the EU,” the Chinese diplomat added.

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