China United Lines re-enters booming transpacific

 CHINA United Lines (CUL) is making the most of the boom times suddenly being seen on the transpacific, with news from Linerlytica, a consultancy, that it re-enter the trade lane with the launch of its transpacific west coast 1 (TP1) service calling at Shekou, Ningbo, Qingdao, Long Beach, Shekou from June 7, using up to six ships ranging in size from 2,400 to 2,800 TEU.

US President Donald Trump slashed tariffs 115 per cent for 90 days, prompting rate rise on the transpacific.

Total capacity on the transpacific is set to rebound sharply in the coming four weeks, with Linerlytica reporting an average of over 560,000 TEU departing from Asia to the US weekly compared to the week 19 low of 377,000 TEU.

Incumbent carriers have added extra loaders and resumed suspended services, writes Singapore's Splash 247.