China International Ship Management Co Ltd News

V.Ships (Asia) MSI Pte Ltd and China Shipping Container Lines announced the formation of a new ship management company, set up to manage four 9600 TEUS container ships. The joint venture company, China International Ship Management Co. Ltd (CISM), will be based in Shanghai and will be fully operational on 1st June 2006. The formation of CISM follows China Shipping Group’s newbuilding order for four 9600 TEU container ships at Samsung, Korea – vessels that will become the largest container ship in the world, both in size and engine capacity. V.Ships MSI’s Doug Robinson has been in long discussions with China Shipping Group regarding the formation of a special purpose company for the management of the vessels…