Rates reflect strong demand bounce and call for more ocean capacity
Despite generally weak cargo demand, spot rates on the Asia-Europe trades continued to show gains ...
Transpacific newcomers Hede (Hong Kong) International Shipping and TS Lines are adding capacity to their express China-US West Coast services, despite the downward pressure on freight rates.
Hede, a subsidiary of China’s Tangshan port group, debuted on the transpacific in March, its Hede West Coast Express service offering a shuttle between Shanghai and Los Angeles, using five ships of 1,800-4,200 teu.
Last month, the carrier launched the Hede USWC Direct Express (HDX) shuttle connection between Ningbo ...
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