TS Lines

First quarter profits surge as TS Lines eyes new ships

Controlling costs and adding services on routes with growing demand were behind the reasons to TS Lines’ 170% year-on-year increase in profits, according to the intra-Asia carrier’s chairman Chen Te-sheng.

The Taiwanese operator has reported profits of TW$650 million (US$21.49 million), achieved by responding to challenging conditions, caused by Covid-19, that the company withdrew from the US trades and concentrated on operating intra-Asian and Asia-Australia routes. Chen said the company...

https://container-news.com/first-quarter-profits-surge-as-ts-lines-eyes-new-ships/

US decision to remove HK trade privileges adds to China tensions

Liner operators are concerned about the US decision to remove Hong Kong’s trade privileges, which was triggered by China’s plans to impose a national security law on the territory after democracy protests.

The special trading status conferred on Hong Kong by the US is based on the United States-Hong Kong Policy Act of 1992. As part of the settlement with the UK government when Hong Kong was returned to Chinese rule in 1997, the Chinese government agreed the former British colony would have “a...

https://container-news.com/us-decision-to-remove-hk-trade-privileges-adds-to-china-tensions/

Covid-19 causes CSBC delivery delays

Taiwanese ship builder CSBC Corporation has confirmed to Container News that the Covid-19 pandemic may affect delivery of 10 feeder boxships to compatriot liner operator Yang Ming Marine Transport.

CSBC is building the 2,800TEU vessels, with the delivery dates originally scheduled from April 2020 to March 2021. The orders were placed in July 2018 and Yang Ming has options on up to four more ships.

In addition, a spokesperson for CSBC said that scrubber installation for six 1,800TEU ships for...

https://container-news.com/covid-19-causes-csbc-delivery-delays/

TS Lines launches new reefer route from Thailand

Taiwanese intra-Asia carrier TS Lines is launching another reefer route from Thailand due to growing shipments between the Southeast Asian country and China.

Beginning on 24 March 2020, the Thailand Reefer Express (TRX) service loop will be Hong Kong, Nansha, Shekou, Bangkok and Laem Chabang. TS Lines will deploy two 1,100TEU vessels to the TRX service and each vessel can carry 250 x 40-foot reefer boxes.

TRX is TS Lines’ eighth service that calls at Thailand. With a turnaround time of four days,...

https://container-news.com/ts-lines-launches-new-reefer-route-from-thailand/

TS Lines eyes scrubbers as it posts higher earnings

TS Lines, the privately owned Hong Kong-Taiwanese intra-Asia carrier, is opting for scrubbers to manage the costs of complying with the International Maritime Organization’s global sulphur cap.

The company announced its scrubber intentions when it posted new highs in terms of container volumes and earnings in 2019.

In 2019, TS Lines, named after its founding CEO, Chen Te-sheng, carried over 1.65 million TEU, exceeding the 1.62 million TEU shipped in 2018. Operating profits for 2019 are expected...

https://container-news.com/ts-lines-eyes-scrubbers-as-it-posts-higher-earnings/

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