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26-06-2007
China
Shipping (Group) Co, parent of the nation's
biggest oil tanker company, has established
a vehicle shipping unit as the country's auto
makers increase exports.
China Shipping Car Carrier Co, the new unit,
will take over its parent's stakes in two existing
vehicle carriers and will have annual capacity
to move 29,000 vehicles by the end of next year,
Gu Quanlin, China Shipping's deputy head of
the president's office, told Bloomberg News
last week.
"China's automobile exports have great
potential," said Gu. "We are already
the leading player in the field and we will
further develop our business."
Exports of vehicles and automobile components
in 2006 were about 10 times more than that in
2001, according to the Ministry of Commerce.
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