News / Niche players continue to risk Red Sea transits with new services – at a price

Photo: Peak Shipping

Singapore-based NVOCC Summit Shipping has started its own liner operation, the latest opportunist to launch a service to the Red Sea.

Its JEA-ADE-JIB service links Aden, Djibouti and Jebel Ali, using the 713 teu chartered Ji Zhe 2.

The Loadstar understands Summit took over the Ji Zhe 2 from Peak Shipping, a privately owned Chinese line, which had operated the vessel on its China-Yemen Express service that it terminated in January.

Summit, said by market sources to be closely linked to China’s Xiamen ...