Thursday, 27/08/2020, 06:52 (GMT +7)
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Competition in the intra-Asia region intensified as shipping lines deploy more services in Southeast Asia
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Fierce competition for East Asia-Southeast Asia shipping routes is on the rise, a point noted by South Korea's Minister of Marine and Fisheries - Moon Seong-hyeok - when he launched his five-year lift plan to revive the shipping industry on August 12.
That competition is becoming fiercer with the launch of a new shipping service from Incheon to Hai Phong, Vietnam by Heung-A shipping line; while Cheng Lie Navigation (CNC Line), the intra-Asia unit of shipping line CMA CGM, will connect with Thailand and the Philippines.
On August 20, the Heung-A Line, a subsidiary of Sinokor, opened the Incheon-Vietnam Hai Phong 2 (IHP2) service by deploying two 1,000TEU vessels. The port rotation of this weekly service is Busan-Incheon-Hong Kong-Haiphong-Hong Kong-Busan. The first ship, Lantau Bridge, arrived at Hanjin Incheon Container Terminal (HJIT) on August 24.
Also on August 20, CNC Line opened the China-Thailand Philippines service (CSECP2) at Incheon Port. The carrier deployed five 1,700TEU vessels and one 1,900TEU vessel, calling Incheon-Shanghai-Ningbo-Laem Chabang-Bangkok-Laem Chabang-Manila-Hong Kong-Shekou-Batangas-Cebu-Cagayan de Oro-Davao-Shekou-Hong Kong -Incheon.
The service begins with CNC Line's charter vessel - the Mount Nicholson vessel - loading cargo at the New Port Sunkwangshin Container Terminal (SNCT).
The Incheon Port Authority (IPA) said that the number of container shipping services at Incheon port is currently 62, including ro-ro cargo ships.
"The increase in Southeast Asian services will increase the competitiveness of Incheon Port and broaden the choice of shippers and forwarders in the metropolitan area" said Lee Jeong-haeng, IPA’s vice-president of operations.
The IPA has promoted Incheon Port as a gateway to the Seoul metropolitan area. The increasing trade flows to Southeast Asia led Maersk Line's regional subsidiary, Sealand, to launch the related service in February.
Phaata (Adapted from Container-News)
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