China United Lines (CULines) is reassuring all shippers that it’s enough containers to travel around because it launches a solo Asia-North Europe service. In advertisements circulated on-line and thru Chinese instant electronic communication app WeChat, CULines declared, “Equipments Guaranteed” (sic). Starting out as a domestic Chinese liner operator before increasing into intra-Asia routes, CULines has become a brand new entrant on the Asia-North Europe trade lane, at a time of record-high freight rates. CULines opened bidding for slots on its Asia-North Europe trade lane on twenty Jan 2021 and therefore the service can begin on vi February. German freight forwarder Menzell & Döhle cluster is acting as CULines’ sales agent in Europe. Using a 2,700TEU ship, Laila, that was chartered from Peter Doehle, CULines can carry containers to Rotterdam and metropolis via Shekou, Hong Kong and Yantian during a 30-day voyage. Containers from Shanghai, Ningbo and Cat Lai may be transhipped in Hong Kong, same CULines. The slow come of empty containers from North America to Asia precipitated the speed spike because it resulted in deficient boxes for different trade lanes. Latest figures from the Freightos Baltic Index (FBX) suggests that Asia-North Europe freight rates indicates that the speed of increase in spot rates has slowed, with the newest rate for a 40ft instrumentation at US$7,825 on twenty two Jan, down from US$7,865/FEU on nineteen Jan. Starting AN Asia-North Europe service is another milestone for CULines, that is fifty fifth owned by the Chinese government through Unitrans. In Oct 2020, CULines launched a global shipping service from Hainan Island’s Yangpu port. In November 2020, CULines signed AN agreement with Xinxinhai Shipping, port Port and Hainan Port to develop a shipping service linking the larger Bay space in southern China with Hainan Port.
