NYK, Kline and MOL shipping lines will join their operations 

Three Japanese carriers decided to merge their container liners and international port operations. This will happen to make profit on a regular basis even when market is poor. New joint venture will be formed this July and will start operating the common service in April, 2018. Alliance's top priority is to restore profitability and the ordinary income level for every of these carriers. The routes will remain the same: Europe-North America, Asia-North America, Asia-Europe.

Taiwanese carrier Wan Hai Lines and Japan company K Line will provide new direct container service in the south-east Asia route between Thailand and Belawan. New service will be available from January 7, 2017. 

The total effective capacity of two containerships on the route will be 1400 TEU. Wan Hai and K Line will offer 1 vessel each. 

New service will have 14 days round trip schedule and the following port rotation: Bangkok – Laem Chabang – Singapore – Port Klang North Port – Belawan – Singapore – Laem Chabang – Bangkok.

Stockholm Terminal Sets Container Record

The container terminal at Frihamnen, Sweden has set a new record for the number of transported containers.

The total number of containers in 2016 will be around 54,000 TEUs, exceeding the previous record of about 51,000 TEUs. 

Ports of Stockholm stated: “It is extremely positive that the number of containers has increased at Frihamnen as we are simultaneously building a new freight port that in the future will account for a major portion of the supply of goods to the rapidly growing Stockholm region.” 

The container terminal at Frihamnen is being used by the world’s second largest container shipping company, MSC, as well as Team Lines, TransAtlantic Container and Unifeeder.

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ZIM is leaving Transpacific Stabilization Agreement

As per the last revision of Transpacific Stabilization Agreement (TSA), Israeli ocean carrier will withdraw it on December, 31. ZIM is going to be the 5th carrier that is quitting TSA, after  China Shipping, Hanjin, Kline and NYK. TSA is an agreement between major container carriers moving through the Far East and the USA. TSA and ZIM officials were not available for the comments on above. At present, the following carriers are still listed as members: CMA CGM, OOCL, Maersk, MSC, Hapag-Lloyd, Evergreen, COSCO, APL, Hyundai Merchant Marine and Yang Ming. According to the recent reports, these companies are loading in total more than 91,000 TEUs per week from Asia to the US east coast which makes it the majority on the transpacific route.