Corporate profile: Containing risk at China’s CSCL

Containing risk

cscl-africa
One of CSCL's fleet, CSCL Africa

China Shipping Container Lines (CSCL), a unit of state-owned China Shipping (Group) Company, is one of China's top two largest container shippers. It reported a net profit attributable to shareholders of 4.2 billion yuan ($656 million) in the financial year 2010, reversing the company's net loss of 6.5 billion yuan in 2009. The Hong Kong stock exchange-listed company raised 15 billion yuan from an A-share IPO in 2007, significantly improving the company's financial position and enabling it to su