Yang Ming Marine Transportation Corp has announced a reorganisation of its Asian service network in view of the “rising global trade tensions”.
“Under the impact of rising global trade tensions, a relocation and adjustment of cargo flow and supply chains is expected,” the Taiwanese container carrier said in a statement.
“Yang Ming has announced the launch of a new intra-Asia service, China-Thailand service (CTX service). The first sailing is scheduled for 12 July 2019, departing from Shanghai,” it said.
The months-long trade tensions between the US and China have fuelled concerns that escalating tariffs could undermine a pickup in the global economy.
The new CTX service will see a deployment of three 1,200-teu container vessels, of which one is contributed by Yang Ming and two by CMA CGM’s APL.
APL has also announced the introduction of its new weekly Bangkok Haiphong (RBH) service with an alternative sailing choice from China’s Shekou to Thailand’s Laem Chabang.
Read more: APL introduces new Bangkok Haiphong service
Excluding the alternative sailing to Shekou, the ports of call for the 21-day round trip CTX service are Shanghai, Ningbo, Xiamen, Laem Chabang, Bangkok, Laem Chabang, Hong Kong, and back to Shanghai.
“Through vessel deployment and slot exchange cooperation, Yang Ming provides a total of seven services in Thailand,” Yang Ming said.
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