CULines containers Credit CU Lines
Credit CU Lines

The future of China United Lines (CULines) is uncertain after its dreams of building a deepsea shipping portfolio have been shattered with the axing of its Asia-Mediterranean services.

Chairman and co-CEO Raymond Chen (below) has, reportedly, been detained in China for undisclosed reasons, casting a pall over the company, according to Linerlytica. He was last seen in public in April, at an industry round-table event in Tianjin.

State-controlled CULines, which started as an NVOCC before becoming an intra-Asia carrier, was among the ...

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