Regional Container Lines

HMM follows MSC and CMA CGM, turning to pre-owned boxships

High charter costs have made HMM join two giant ocean carriers MSC and CMA CGM in buying elderly secondhand feeder ships.

HMM’s spokesperson told Container News that the company is currently in discussions to buy three 2005-built feeder ships. These are MPC Container Ships’ 2,500 TEU AS Paola and Regional Container Lines’ 2,400 TEU Wanda Bhum and Xutra Bhum.

HMM’s spokesperson said, “HMM actively seeks fleet expansion and diversification possibilities. We are considering second-hand boxships for...

https://container-news.com/hmm-follows-msc-and-cma-cgm-turning-to-pre-owned-boxships/

Pacific International Lines launches South China to India (West Coast) service

Pictured: the route map of PIL’s new China-India (West Coast) service. Graphic credit: Pacific International Line.

By Pacific International Lines

To complement its existing service to India’s West Coast, Pacific International Lines (PIL) has announced the launch of a new weekly direct service connecting South China and North Vietnam to India’s West Coast.

Effective from 22 October 2021, this new service, known as South China India Express (SIX), will be offered by a consortium of five vessels of...

https://www.shippingaustralia.com.au/pacific-international-lines-launches-south-china-to-india-west-coast-service/

Box shortages and port congestion now an ‘industry-wide challenge’ across Asia

Equipment shortages in Asia will get worse over the next two weeks, say carriers, impacting both deepsea and intra-Asia trades.
Maersk has told customers the strong cargo demand out of Asia Pacific would likely continue throughout the second-quarter, but…
“Schedule reliability is impacted by two main factors: recent delays from Europe via Suez Canal; and lower port productivity, especially on transpacific and European trade routes,” the company added.
As a result, the shortage …

The post Box...

https://theloadstar.com/box-shortages-and-port-congestion-now-an-industry-wide-challenge-across-asia/

‘Win-win’ for shipowners, with charter market rates and vessel values soaring

Containership owners have seen the value of their assets soar in the past few weeks, and they are said to be “raking in the money”.
This week, shipbroker Braemar ACM reported the sale of the 6,350 teu post-panamax APL Norway at $31.5m, a 50% increase in the ship’s value since the beginning of December.
According to vesselsvalue.com, the vessel was sold on Monday to intra-Asia carrier Regional Container Lines. It is on charter …

The post ‘Win-win’ for shipowners, with charter market rates and...

https://theloadstar.com/win-win-for-shipowners-with-charter-market-rates-and-vessel-values-soaring/

RCL records profit on lower volumes

Regional Container Lines has announced that it made a profit of THB485 million (US$15.34 million) for the nine months-ended 30 September, improving from a net loss of THB324 million (US$10.6 million) in the same period in 2019.

The Thai feeder operator’s managing director Sumate Tanthuwanit cited lower fuel and chartering costs as the key factors.

In Q3 2020 alone, RCL achieved a net profit of THB257 million (US$8.13 million), as opposed to a net loss of THB307 million (US$10.07 million) in Q3...

https://container-news.com/rcl-records-profit-on-lower-volumes/

CU Lines joins South Korea-Vietnam route shake up

China United Line (CU Lines), is launching a service between South Korea and South East Asia for the first time after purchasing slots on the Hai Phong Express (HPX) service operated by South Korean carriers HMM and CK Line.

Primarily active within Chinese domestic waters and the Taiwan Strait, CU Line’s major owner, with a 55% shareholding is Unitrans, a Chinese Government controlled company.

The new service will begin on 16 August. The HPX service calls at Incheon, Busan, Hong Kong, and Hai...

https://container-news.com/cu-lines-joins-south-korea-vietnam-route-shake-up/

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