COSCO
SITC
PACIFIC LINES
Thursday, 06/08/2020, 08:23 (GMT +7)
901
Wan Hai launched its own trans-Pacific service
Wan Hai Lines is now offering a solo Far East-US West Coast service after Pacific International Lines (PIL) withdrew from the Transpacific trade.
China Pacific Service 1 (CP1) shipping service was launched on July 2, with 4,680TEU vessel - Wan Hai 515 train - departing from Shanghai to Long Beach on July 25. Wan Hai 515 was followed by a chartered vessel - ER London (6,008TEU) - departing from Shanghai on July 29.
The next sailings will be in mid-August, when two other charter vessels, Texas Trader (4,943 TEUs) and Cap Andreas (6,612 TEUs), will be deployed.
The Taiwanese carrier operates primarily on intra-Asia services, having operated the service through a vessel sharing agreement with PIL and COSCO Shipping Lines (COSCON). After PIL abandoned the trans-Pacific shipping market earlier this year, Wan Hai bought slots from COSCON carrier through PSW2 service operated by the Ocean Alliance, but now, has decided to launch its own service with the vessels to be deployed later this month.
The port rotation for CP1 service is: Shanghai - Xiamen - Hong Kong - Yantian - Shanghai - Ningbo - Long Beach.
Container shipping consultant Sea-Intelligence noted that the peak season began in July, with an increase in capacity on the transpacific route by 7.2% over the previous year, indicating that carriers have become optimistic concerned with this increased demand.
Sea-Intelligence CEO Alan Murphy said, "On Asia-US West Coast, carriers have un-blanked 30 previously announced blank sailings for Q3. Of these 30, 22 were un-blanked by THE Alliance". He added that, "That THE Alliance blanked capacity too aggressively and have dialled it down keeping it in line with the other alliances".
Phaata (Adapted from Container-News)
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