5.8 C
Hamburg
Thursday, April 18, 2024
Home News HMM increases US West Coast capacity to help shippers

HMM increases US West Coast capacity to help shippers

HMM will deploy an additional container ship to its US West Coast service, in response to South Korean shippers’ pleas for more transportation capacity.

The South Korean liner operator said on 15 September 2020 that from 29 September, the 4,600TEU HMM Integral will transport cargoes directly between Busan and Los Angeles, after the ship made such a voyage in August. The previous voyage was initially intended to be a temporary solution to shippers’ woes, but HMM decided to repeat the service at shippers’ request.

HMM CEO Bae Jae-hoon said, "We’re urgently deploying ships to form win-win solutions for domestic shippers. As the national shipping line, we will continue to provide stable services with a sense of responsibility to facilitate exports.”

Transpacific freight rates have hit 10-year highs as carriers have blanked sailings ahead of China’s week-long National Day holidays on 1 October, notwithstanding the usual peak season.

The Korea International Trade Association and China’s Ministry of Transport are said to have expressed concern at the rising shipping costs.

HMM explained that in order to help local shippers, it is offering a direct service between Busan and Los Angeles without going through other regions such as China.

Carriers have been blanking sailings since January, when the Covid-19 pandemic struck, fearful that the disruption to economic activities would slash cargo volumes. The move instead led to profits for the carriers and reinforced capacity discipline, at shippers’ expense.

HMM noted that China’s Golden Week holiday coincides with South Korea’s Chuseok (thanksgiving) holiday later this month, meaning shippers are rushing to secure cargo space ahead of the holidays, particularly as US demand is rising.

Martina Li
Asia Correspondent





Latest Posts

Singapore Shipping Association unveils tool to enhance cyber risk management

Singapore Shipping Association (SSA), a trade association advocating for the interests of over 500 Singapore-based companies involved in ship owning, operating, and maritime services,...

MSC applies new prices from Far East to Europe

Swiss/Italian container carrier MSC will implement the following new Freight All Kind (FAK) rates from Asia to Europe. Effective as from 1 May but not...

Port of Antwerp-Bruges handles over 3.2 million TEUs in first quarter

The Port of Antwerp-Bruges said that despite the ongoing complexities in geopolitics and macroeconomics, its volume growth, primarily driven by a resurgence in container...

Port of Rotterdam achieves 10% CO2 emission reduction in 2023

In 2023, there was a 10% reduction in CO2 emissions at the port of Rotterdam compared to 2022, amounting to a decrease of 2.2...

ONE and Portchain ink deal to drive sustainability

In the fall of 2023, Ocean Network Express (ONE) partnered with Portchain to focus efforts on enhancing collaboration with container terminals through the innovative...