News / NVOCC enters China-Europe trades with BBC vessel charters

Credit Mark Bennett

A Hong Kong-based unit of a UK forwarder has been chartering multi-purpose (MPP) ships to carry containers from China to the UK, The Loadstar has learnt.

The subsidiary is active as a non-vessel owning common carrier (NVOCC), specialising in arranging container shipments from China and Hong Kong to the UK and Europe. Annually, it arranges to ship at least 60,000 containers. However, the recent equipment and shipping capacity crunch has prompted it to charter whole vessels to move containers.

While the subsidiary ...