News / Russia trade newcomer swoops as TS Lines sells redundant box ships

TS Laemchabang Photo: VesselFinder

Taiwanese intra-Asia carrier TS Lines has sold nine ships this year, as it continues “to right-size its fleet” after exiting long-haul lanes.

Brokers report the 2016-built 1,730 teu pair, TS Laemchabang and TS Haiphong, were the latest to leave the fleet, with handover to buyers this month and last.

TS Lines sold the ships for $23.5m each, realising a $6.6m profit on each. The Taiwanese line bought them from German tonnage provider Reederei Nord in November 2020.

In April, the carrier, which plans ...