Taiwan’s Wan Hai Lines will join the Thailand-Belawan Service (TBS) from 7 January 2017, a network to be jointly operated with Japan’s K Line.
Container carrier APL will expand its intra-Asia service network with the introduction of a new India East Coast (IEX) service from December.
Traditional panamax-size container ships, while often thought of as a candidate to cascade into intra-Asia routes, are inapproprate for the trade lane, said MCC Transport ceo Tim Wickmann at the TPM Asia Conference 2016 in Shenzhen.
China's trade patterns have already shifted from the developed economies to the emerging market economies and these are expected to fuel the Asian giant's future growth, Seabury maritime director Michel Looten said at the TPM Asia Conference 2016 in Shenzhen.
Increasing spillover of container tonnage into intra-Asia market and insufficient demand have led to negative trade growth and lower freight rates during the second quarter, according to Regional Container Lines (RCL), which stayed in the red as a result of the weaker market.
Intra-Asia carrier SITC International Holdings has shipped higher volumes in the first quarter of 2016 over the year-ago period, but earnings dipped due to lower freight rates.