Emirates Shipping Lines

Competition in Russian Far East stymies GRIs

Carriers’ attempts to implement general rate increases (GRIs) on the South Korea-Russian Far East route from August to September were unsuccessful due to growing capacity in the region.

Rates are currently US$380-US$430/TEU and liner operators wanted to impose GRIs of around US$25/TEU, but growing competition has precluded this. Since August carriers such as Ocean Network Express, Emirates Shipping Line and Duwon Shipping have launched services between South Korea and the Russian Far East, in...

https://container-news.com/competition-in-russian-far-east-stymies-gris/

Duwon Shipping joins Russian FE-South Korean league

South Korea’s Duwon Shipping, which transports general cargoes between South Korea and Russia’s Far East on its ro-ro vessels, is adding a passenger and container service to the route, joining a growing number of carriers offering Russian connections.

The company has opened a second service, calling at South Korea’s Pohang port, Vladivostok, and Maizuru Port in Japan’s Kyoto prefecture. The service began on 7 Septembe, with an 11,500gt ro-ro passenger ferry, Eastern Dream, departing Youngilman,...

https://container-news.com/duwon-shipping-joins-russian-fe-south-korean-league/

Emirates Shipping Line starts Russian FE-South Korea service

Dubai-based liner operator Emirates Shipping Line (ESL), is launching a Russian Far East-South Korea service, in another sign of growing cargo volumes along the route.

ESL will purchase slots on Korea Marine Transport Company’s (KMTC Line) Busan-Vladivostok Express (AVX) service, with the first voyage beginning 3 September 2020. KMTC Line is deploying a chartered vessel, the 342TEU Sunny Oak, to the service.

ESL plans to use Vladivostok as a strategic link to the Russian market, facilitating a...

https://container-news.com/emirates-shipping-line-starts-russian-fe-south-korea-service/