News / Failed container shipping venture bankrupts Australia's Great Southern line

Australian container line Great Southern Shipping (GSS) filed for insolvency on 23 December and will hold a first meeting of creditors in Sydney on 9 January to consider the liquidators report.

Last May, GSS launched an ambitious joint venture with Rizhao Port Group in China to operate an express weekly domestic service for Australian exporters and importers with a rotation of Rizhao, Shanghai, Brisbane, Sydney, Bell Bay (Tasmania) and Freemantle.

GSS said it was investing in 21,500 two-pallet-wide high-cube containers and would deploy ...