ContainersGreater China

Two Chinese carriers launch transpacific services

With rates in record territory the size of a ship on the main east-west trade lanes is no longer a limiting factor to entry.

Two up-and-coming Chinese carriers are set to enter the transpacific trades in the coming weeks.

Rapidly expanding CU Lines, fresh from entering the Asia-Europe trades, will launch a service from China to the US west coast from next month using 2,500 teu-sized ships. Details of the port rotation have yet to be revealed.

Meanwhile, BAL Container Line will launch a service linking China to California in two weeks’ time. The CPX service will use four 2,400 teu ships calling Qingdao, Ningbo and Los Angeles.

The Freightos Baltic Index for spot shipments from Asia to the US west coast jumped 10% last week to $6,106 per feu, pushing rates into ever greater record territories.

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.
Back to top button