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.
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.