News / Asian lines want a slice of bigger rivals' transatlantic reefer trade

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ONE, Cosco and OOCL are challenging their larger European competitors’ dominance in the South America-Europe reefer tradeby launching the joint Latin East-Coast Europe Express (LUX) service.

Marketed as ESE2 by Cosco and OOCL, the service focuses on moving South American refrigerated cargo and Linerlytica analyst Tan Hua Joo told The Loadstar it would be a new venture for ONE, which previously had relied on transhipment to serve this tradelane.

Mr Tan added: “Reefer volumes have not shown any significant growth, but LUX will ...