China Shipping Container Line (CSCL) plans to dispose of ten 1000 teu vessels which are about 20 years old and not suitable for operation, in the second half of this year.
CSCL currently operates more than 150 vessels with a total capacity of 620,000 teu. The company plans to dispose of more old self-owned vessels and return more old chartered vessels with high fuel consumption this year.
In the meantime, the company will replenish the fleet with more modern vessels. It has recently ordered eight 18,400 teu vessels at Hyundai Heavy Industries.