TS Lines expands Africa services and orders more ships
Taiwanese regional carrier TS Lines has increased its capacity on its Far East-East Africa services ...
Photo: TS Lines
By Alison Koo
TS Lines’ earnings surged in the first ten months of 2024.
The Taiwanese operator, which was listed in Hong Kong in November, said net profit for the period jumped 38-fold, to $270m, as freight rates firmed due to the Red Sea crisis.
TS said it expected full-year profit to be significantly higher than 2023’s $20.7m when it announces its results in March.
Meanwhile, the carrier has adjusted its Asia West Coast 2 (AWC2) service to ...
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