South Korean carriers – Sinokor Merchant Marine and Heung-A Line, have announced an extension to their China-West India service to South Korea, heeding their government’s call to provide more capacity to the local shippers.
UAE-based carriers Global Feeder Shipping (GFS) and Sea Lead Shipping had introduced the original China-West India service as CSC Service, in September 2020. While Heung-A Line joined the service with one vessel in December 2020, Sinokor purchased slots. The carriers named the service as SIS2. It was the same month the South Korean government urged local shipping companies to improve the capacity on intra-Asian services along with the Transpacific and Asia-Europe routes.
The ongoing global pandemic has caused a steep rise in the transpacific rates which have led to a huge dearth of containers. One of the main reasons for this price rise is the slow return of empty containers to Asia due to the lack of backhaul cargo from North America, which has also severely affected other trade lanes.
Starting from the 8th of April 2021, the SIS2/CSC service rotation will be as below with a turnaround time of six weeks.
New Port Rotation: Busan – Gwangyang – Shanghai – Ningbo-Zhoushan – Shekou – Port Klang – Nhava Sheva – Mundra – Karachi – Port Klang – Busan
A total of six vessels, ranging from 2,800 TEU to 5,000 TEU, will be deployed with Sinokor, Heung-A Line, and Sea Lead deploying one ship each and GFS deploying two. The sixth vessel is still awaiting confirmation.
The extended loop will begin with Sinokor’s owned ship, the 4,800 TEU, Sino Bridge.
Source: Container News