12.8 C
Hamburg
Saturday, September 18, 2021
Home News HMM and ONE add Pacific extra loader capacity

HMM and ONE add Pacific extra loader capacity

Extra loader Transpacific services are being extended by South Korean operator HMM, while Japanese carrier Ocean Network Express (ONE) will also deploy tonnage in an effort to support regional exports.

HMM has been offering Korean shippers a monthly extra loader service since August while ONE will add a similar service for Japanese customers this month.

HMM began its extra loader service between Busan and Los Angeles, in August, to meet demand from local shippers during the traditional peak season. The company has now said it will extend the service until February 2021, following an agreement with the Ministry of Oceans and Fisheries, Ministry of SMEs and Ventures, Korea Shipowners' Association and Korea SMEs and Startups Agency, on 29 October 2020.

That agreement followed a meeting organised by Korea International Trade Association between liner operators and South Korean shippers on 28 September 2020.

An HMM spokesman told Container News that given the unexpected recent surge in demand on the Transpacific trades, South Korean shippers are experiencing difficulties with shipping costs, which have reached 10-year highs, caused by reduced capacity resulting from blanked sailings, the rising rates have also come to the attention of the US, Chinese and South Korean authorities.

He added, “HMM’s extra loader services are mainly targeting the small and medium-sized shippers in Korea. The services are expected to be deployed once a month until February next year on a provisional basis, but it is subject to change based on market situations and our fleet management plan.”

The spokesman could not disclose the ship names and sizes, as these details are still being worked out.

HMM CEO Bae Jae-hoon noted that normally, more than 60% of the containers on the company’s ships are from multi-national corporations. However, 60% of the cargoes in the last three “extra loader” services were booked by SMEs.

Meanwhile, ONE, a THE Alliance partner to HMM, is supporting Japanese exporters who also face high shipping costs, by launching an extra loader out of Japan on 12 November, deploying ONE’s 4,250TEU Brevik Bridge calling at Busan-Tokyo-Tacoma-Los Angeles.

ONE said that it decided to have the extra service to provide a stable transportation service as many Japanese shippers have been unable to obtain shipping slots due to peak demand ahead of the Black Friday shopping event and Christmas.

Martina Li
Asia Correspondent

Latest Posts

CN Photo Project: The Picture of the Week

Container News wants to thank you all for your participation in the CN Photo Project. Among all the very beautiful photos we have received, the Container News team has...

Maersk raises annual forecast

A.P. Møller - Mærsk (APMM) has revised its full-year guidance for 2021 with an underlying EBITDA now expected in the range of US$22-23 billion...

Google steps into global supply chain to assist in disruptions

Google Cloud has announced the launch of Supply Chain Twin, a purpose-built industry solution that lets companies build a digital twin, a virtual representation...

Victoria container terminal completes automation upgrade of Navis N4 TOS

Victoria International Container Terminal (VICT), the first fully automated terminal in Australia, has completed its automation upgrade of Navis’ N4 Terminal Operating Solution (TOS). This...

Container caught fire on board Costamare’s feeder ship in Italy

The 1,078TEU Luebeck of the Greek ship owner, Costamare, has suffered a fire incident at the Catania port in Sicily, Italy on 16 September,...