South Korean ferry operator Panstar ventures into 'cut-throat' liner sector
South Korean ferry operator Panstar Group is moving into the boxship sector. Known for its South ...
BA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING TGT: INVENTORY WATCHTGT: BIG EARNINGS MISSWMT: GENERAL MERCHANDISEWMT: AUTOMATIONWMT: MARGINS AND INVENTORYWMT: ECOMM LOSSESWMT: ECOMM BOOMWMT: RESILIENCEWMT: INVENTORY WATCH
BA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING TGT: INVENTORY WATCHTGT: BIG EARNINGS MISSWMT: GENERAL MERCHANDISEWMT: AUTOMATIONWMT: MARGINS AND INVENTORYWMT: ECOMM LOSSESWMT: ECOMM BOOMWMT: RESILIENCEWMT: INVENTORY WATCH
South Korean liner group Panstar has increased its Busan-Osaka sailings from three a week to four after express cargo volumes swelled five-fold in May.
Ro-ro vessel PanStar Dream (pictured), which has 180 teu of container capacity, was idled as tourism ground to a halt during the first wave of Covid in 2020, and has been reactivated to join PanStar Genie 2 on the Busan-Osaka route.
PanStar Enterprises, which operates the ro-pax service through PanStar Line Dot Com, said it delivered 32,660 parcels in May, the first time monthly volumes exceeded 30,000, and was a near five-fold increase year on year.
Thanks to synergies with its high-speed ro-ro ferry services, Panstar’s monthly cargo volumes have risen meteorically from Ju;y 2020’s 860 parcels as the pandemic encouraged more consumers to shop online.
A third ship, PanStar Genie, which calls at Busan, Tokyo, Nagoya, Busan and Shidao in China, has now omitted Nagoya from its port calls. Instead, PanStar Genie 2 will now include a call at Nagoya.
A PanStar spokesperson said:, “Our express cargo service provides fast delivery, comparable to an air express service, at a low cost through an integrated logistics system that links group-wide infrastructure, such as high-speed ferry lines between South Korea, China and Japan.
“The express shipping service means overseas customers can receive their goods four to five days after placing an order.”
Comment on this article