Regional Container Lines

Capacity and rate discipline pays off for RCL

Regional Container Lines overcame lower cargo volumes amid the Covid-19 pandemic, achieving a net profit of THB12.7 million (US$389,451) for the first quarter of 2020. The result reversed a net loss of THB28.4 million (US$899,019) in Q1 2019.

The Thai feeder operator said that although container volumes were down by 12% from Q1 2019, to 489,000TEU, RCL managed to increase revenue slightly from a year-ago, to THB4.27 billion (US$130.85 million).

In response to lower volumes, RCL reduced the number...

https://container-news.com/capacity-and-rate-discipline-pays-off-for-rcl/

South Korean liner trio develop Japan coverage

South Korean intra-Asia carriers Korea Marine Transport Company (KMTC), Namsung Shipping and CK Line have enhanced their South Korea-China-Japan services to capture more cargo volumes from western and southern Japan.

The trio, which already operate one New China-Setouchi (NCS) service, will launch a supplementary NCS2 service. The original NCS service began in June 2019, deploying two 700TEU ships on the Busan-Shanghai-Ningbo-Moji-Iyomishima-Mizushima-Moji-Hakata-Busan-Ulsan loop.

The carriers...

https://container-news.com/south-korean-liner-trio-develop-japan-coverage/

As major lines move in on intra-Asia trades, regional carriers feel the pressure

Increased competition and vessel cascading on intra-Asia trades has led to rock-bottom freight rates and plunging profits for regional carriers.
Charlie Chu, executive vice president of Thai-based intra-Asia specialist Regional Container Line (RCL), said freight rates were declining every year.
“Ship upsizing in intra-Asia trade is quite popular, same as other trades globally,” he told The Loadstar.
“The consolidation between large carriers through M&A and alliances means they can easily launch...

https://theloadstar.com/as-major-lines-move-in-on-intra-asia-trades-regional-carriers-feel-the-pressure/

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