Intra-Asia shipping firm SITC International Holdings has improved its net profit for 2015 compared to the previous year, thanks to lower bunker bills.

Intra-Asia trade growth must be understood within the context of China’s role as it drives all growth in the Asia-Pacific, was the message Seabury director of maritime Michel Looten at the recent TPM Asia conference.

Intra-Asia container carrier SITC International Holdings has improved its net profit for the six months ended 30 June 2015 as it managed to lower operating costs.

Shanghai International Port (Group) Co (SIPG) is planning to acquire 79.2% stake in intra-Asia container line Shanghai Jinjiang Shipping for up to RMB1.94bn ($312.58m).

Taipei-listed Wan Hai Lines has posted a jump in net profit in the first quarter compared to year-ago figures.

Hanjin Shipping, K Line and Pacific International Lines (PIL) have come together to offer a new intra-Asia service with direct sailing between China, Thailand and Vietnam.

Taiwan’s Evergreen Line is introducing service enhancements for its network in Southeast Asian markets, in view of the potentially strong growth of Intra-Asia trades.

Taiwan’s Wan Hai Lines will launch a new intra-Asia service from 1 February with three 700 teu container vessels.

Maersk Line has introduced a call at Subic port in the Philippines on its Intra-Asia 4 (IA4) service due to ongoing port congestion in Manila.

Regional container carrier Samudera Shipping Line has continued to stay in the black with a third quarter profit of $5.21m as against a loss of $239,000 in the same period a year ago.

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