Chinese liner readies transpacific entry

A new Chinese entrant is ready to enter the transpacific container trades. Hong Kong-based Hede (Hong Kong) International Shipping, part of Tangshan Port Industrial Group, will deploy two 4,250 teu ships later this month on a new service linking Shanghai and Los Angeles. Previously the shipping line focused on domestic trades with a small sideline connecting with Japan and South Korea.

During the pandemic many new entrants launched services across the Pacific, but most have since faded from view with global liners reasserting their dominant market share on the tradelane.

Hede has just been classified by the US Federal Maritime Commission as a controlled carrier of the government of the People’s Republic of China and added to the agency’s controlled carrier list whereby it will be subject to enhanced regulatory oversight by the commission.

Copyright : https://splash247.com/chinese-liner-readies-transpacific-entry/

More Posts

Apollo in the Spotlight: Khalil Chouaib

For the newest edition of our Apollo member interview, we sat down with Khalil Chouaib from Nouakchott, Mauritania. We discussed the challenges that come with his country’s