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Taiwanese carrier Wan Hai and Singapore line PIL are reportedly close to re-entering the Asia/Europe trade.
The lines, which suspended their joint FES service on the trade in December 2008, will resume the loop in mid-March.
The service, which hits a bevy of major Far East and northern European ports, will be operated with nine vessels -- one more than when it was suspended, to account for slow steaming. The previous rotation was Shanghai, Ningbo, Hong Kong, Shekou, Singapore, Port Klang, Rotterdam, Hamburg, Antwerp, Aden, Port Klang and Singapore.
Rising rates between Asia and Europe appear to be encouraging enough for Wan Hai and PIL to give it another go. The lines only entered the trade in 2007, when freight rates were through the roof.
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