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Logistics giant DSV charters 1,800 teu boxship to move cargoes on frenzied Asia-Europe tradelane

The incredible tightness of available slots on almost all tradelanes has forced one of the world’s largest logistics operators to charter in a small ship to move cargoes from Asia to Europe.

Danish logistics giant DSV has leased some containers and chartered an 1,800 teu vessel to operate a one-off direct service in early June from China to North Europe with one stop in Denmark and the other at an as yet not decided second port. The average capacity of ships plying this route is 10 times the size of the ship DSV has taken on charter.

“This should be seen as a clear indication of just how extremely pressured the market is in terms of lack of available capacity,” commented Lars Jensen, the CEO of consultancy Vespucci Maritime.

In December last year, DSV decided to do something similar amid the tight box markets, chartering three multipurpose (MPP) vessels capable of carrying 650 teu each to create a service linking Denmark with China.

The extraordinary market conditions on the Asia – Europe tradelane have seen other new entrants take to the seas this year. China United Lines (CU Lines), best known as an intra-Asia operator, has chartered three sub-5,000 teu ships for a series of voyages created with XSTAFF, a Düsseldorf-based international purchasing network.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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