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.

Intra-Asia carrier and logstics firm SITC International Holdings has reported stable net profit for the six months ended 30 June 2016 compared to the year-ago period.

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.

Regional container carrier Wan Hai Lines has managed to stay in the black despite seeing a significant fall in its first half profit.

The sharp decline box rates dragged Regional Container Lines (RCL) into the red in the first quarter of 2016.

Taiwan’s Wan Hai Lines has managed a slim first quarter profit after seeing the gain plunged from the year-ago period, and revenue fell as well.

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.

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