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CHINA SHIPPING GROUP POSTPONES TRANSPACIFIC LAUNCH

CHINA SHIPPING GROUP POSTPONES TRANSPACIFIC LAUNCH

   The launch of China Shipping Group’s new transpacific
container service has been postponed until October at the earliest.
    The Shanghai-based carrier had planned to enter the Pacific trade with
a weekly service this month, though no exact date had been announced.
    In the meantime, China Shipping Group has set up a joint venture agency
company in the U.S. with Norton Lilly. China Shipping (North America) Agency Inc. is based
in Secaucus, N.J.