At the end of this month, Cosco Container Lines, Wan Hai Lines, China Shipping Container Lines and Pacific International Lines will launch a new joint service connecting China, Southeast Asia and the Indian subcontinent.
The Pakistan/Mundra Express, or PMX, service will employ six Panamax vessels, with two of the ships operated by Cosco, two by Wan Hai, one by CSCL and one by PIL.
The service will commence from Shanghai on June 25 with the following port rotation: Shanghai; Ningbo and Shekou, China; Hong Kong; Singapore; Port Klang, Malaysia (northbound); Port Klang (westbound); Karachi, Pakistan; Mundra, India; Port Klang (northbound); Singapore; Hong Kong; and back to Shanghai.
According to a recent report by Drewry Maritime Research, cheaper ship charter rates and growth in cargo volumes are bringing gains to the bottom lines of ocean carriers operating in intra-Asia services.
The Journal of Commerce
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