Taiwanese shipping line TS Lines is looking to expand its self-owned fleet to support the expansion of its shipping network.
According to TS Chen, chairman of TS Lines, the company is currently considering ordering ships in several different sizes including 1,000 teu, 2,000 teu and 2,800 teu, and aims to the expand the self-owned fleet to 18 vessels.
The company’s fleet currently stands at 37 vessels, six of which are self-owned, while it also has another six vessels on order.
The line also plans to further expand its business network from Greater China to Southeast Asia and deploy larger containerships on routes to South Korea, Pakistan, India, Malaysia and Australia.
Last year, TS Lines management approved a plan to apply for an IPO on the Hong Kong Stock Exchange.