CSCL to Explore Wharf and Logistics Businesses

CSCL has witnesses a dramatic growth in its core businesses for the first half of 2005. The continual enhancement of its core competitive strengths has greatly improved CSCL s strengths, position and market shares in the shipping market. With the growing expansion of its business scale, the opportunity for CSCL to expand container-related businesses is growing matured. In order to further improve its competitive strengths and to provide its customers with better and perfect services, CSCL will explore the wharf and logistics businesses that are closely related to the container shipping industry.
For the coming years, the internationally wharf businesses (especially in China) will maintain a stable increase. The logistics industry is not merely the extension of shipping industry; it can even provide customers with quicker and quality services. Based on the market situation, CSCL will enter the wharf and logistical businesses in a right time in forms of joint venture or acquisition to facilitate a diverse development of the Group and enhance its international competitive strengths and the capacity to guard against risks as well as to offer supports to the expansion of its fleet scale.