China Shipping Stocks Alert; China Logistics (OTCQB: CHLO), China Shipping Container Lines ((2866-HK), China Shipping Development (1138.HK)
Point Roberts WA- February 28 (www.investorideas.com newswire,) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors Issues a snapshot for China shipping stocks and a trading alert for China Logistics Group, Inc. (OTCQB: CHLO), China Shipping Container Lines Co Ltd (CSCL) (2866-HK), (SHA:601866) and China Shipping Development Company Limited (1138.HK).
China Logistics (OTCQB: CHLO) is trading up over 4%. The Company reported yesterday that it has begun to explore plans to establish its own warehouse facility for international and domestic storage and logistics. The company believes this strategy would serve to compliment its current international freight forwarding, logistics management, and trucking services.
The Company also recently reported that it sees shipping volumes doubling in 2013 for its South American route out of Shanghai launched in 2012.
China Shipping Container Lines Co Ltd (CSCL) (2866-HK) last traded at $2.30, up 0.05(2.22%) on over 31 Million shares.
China Shipping Development Company Limited (1138.HK) traded at $4.32, gaining 0.16(3.85%) on over 10 Million shares.
About China Logistics Group, Inc.
China Logistics Group, Inc. (OTCQB: CHLO) is a U.S. company doing business in China through its subsidiary Shandong Jiajia International Freight & Forwarding Co., Ltd. (Shandong Jiajia). Established in 1999; Shandong Jiajia is an international freight forwarder and logistics manager located in China. Shandong Jiajia acts as an agent for international freight and shipping companies. It sells cargo space and arranges land, maritime, and air international transportation for clients seeking primarily to export goods from China. For more information please visit www.chinalogisticsinc.com.
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Disclosure: I am long OTCPK:CHLO.