[020610.EN.LOG] CEL (Shanghai) Represent Eagletainer, Exim In China

CEL (Shanghai) Logistics Co Ltd, wholly owned by Singapore's Central Express Lines, has announced that it is representing Eagletainer (ISO Tank) and Exim Container Svcs (Dry Box Leasing) in China.

The general manager of CEL (Shanghai) Logistics Kelvin Tan said the company is responsible for handling full-container-load DG cargoes, ISO Tanks, SOC trades, cross-trades, project cargoes (flat-rack and open-top), with different teams supervisors handling the various businesses.

Mr Tan said the company also handles overseas nomination for the whole of the China coastal region. "In this aspect, Shanghai will be the main window and communication channel for China business."

CEL (Shanghai) uses two warehouses in the Singapore Keppel Distripark free trade zone (FTZ) for consolidation, deconsolidation and transloading of cargoes.

With regard to its ISO Tank business, CEL (Shanghai) is representing Eagletainer in China. Eagletainer currently operates 1,500 T11 ISO tanks, with the aim of expanding its fleet to 2,000 units by December 2010.

"As Eagletainer's representative in China, we are operating at a very competitive level with slot rates applied from feeders/carriers combined together with ISO Global Standard washing and independent surveyors," said Mr Tan in a company statement.

"We are selling as a whole package slot rates and tank rental. All units will be cleaned and certified by independent survey companies before deliveries to clients for loading," he said.

Mr Tan also said the company's ISO Tanks business mainly operates intra-Asia, although CEL (Shanghai) is working towards expansion into other regions as well.

"With the large size of chemical industry in China, we hope to promote more ISO Tank movement from China in replacing the conventional method of shipping metal drums, as it is overall more cost effective and offers higher productivity from a client's point of view," he said.

As for the shipper owned container (SOC) business, besides representing Exim, "we are also in contact with other major leasing companies or dry container owners to move the newly built containers in China to their respective countries," said Mr Tan.

"We are mainly operating intra-Asia and the Indian subcontinent as we have connections and contract rates with intra-Asian carriers. For SOC we are also competing with the market price set by the carriers themselves," he added.

Source : HKSG, 24.05.10.