The Hong Kong Shippers’ Council has issued a strongly worded statement to object to the introduction of a Port Congestion Surcharge by intra-Asia lines this week that seems to be specifically targetted at them.

Taiwan’s Evergreen Line will partner Singapore’s Mariana Express to launch a joint South China-East Malaysia (SEM) service scheduled to start on 10 September.

Intra-Asia specialist SITC International Holdings bucked the trend with a 44% rise in net profit for 2013 to $113.1m from $78.5m the year before although revenue rose just 4.5% to $1.27bn. However SITC did suffer from a $17m provision for impairment made against its dry bulk vessels in 2012.

Malaysia-based shipping line Hubline plunged to a 2013 full year net loss due to a significant jump in expenses.

United Arab Shipping Company (UASC) has widened its feeder services to expand its coverage of Asia as well as to provide more competitive transit times.

Evergreen and Hanjin Shipping have joined forces to create a new intra-Asia service network while Wan Hai Lines and Yang Ming have also jointly launched a new Asian service.

Intra-Asia shipping logistics firm SITC International Holdings reported improved results in the first nine months of this year as stronger volumes helped to offset lower freight rates.

The vessel oversupply situation and increased competition in the Indonesia domestic container shipping market have impacted freight rates and volumes handled, according to Indonesia-based Samudera Shipping Line.

Intra-Asia container carrier SITC has confirmed contracts to build four 1,800 teu boxships at Taiwanese shipyard CSBC Corporation at a total cost of $95.2m.

Taiwan-based Wan Hai Lines reported a net profit in the quarter ended 30 June 2013 on the back of active intra-Asia trades.

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