[021110.EN.SEA] Hanjin to Cut One Voyage Per Asia-Europe Loop From January

KOREA's Hanjin Shipping, which runs five Asia-North Europe loops jointly with CKYH-Green Alliance, will introduce one blank voyage in its NE5 loop in January for slack season, said a company statement.
The voyage scheduled to be cancelled is the January 1 position at Kwangyang, which was to be undertaken by Hanjin Bremerhaven. Hanjin deploys nine vessels on the NE5 loop, and Cosco, "K" Line, Yang Ming and UASC are slot-takers.


The NE5 port rotation is Gwangyang (Sat/Sat), Busan (Sun/Sun), Shanghai (Mon/Tue), Ningbo (Wed/Wed), Shenzhen-Yantian (Fri/Sat), Singapore (Tue/Tue), Suez (Sat/Sat), Hamburg (Sat/Mon), Rotterdam (Tue/Thu), Le Havre, (Thu/Fri), Algeciras (Mon/Tue), Suez (Sat/Sun), Kaohsiung (Tue/Wed) and back to Gwangyang (Sat/Sat).


Hanjin also has plans to further implement blank voyages in the remaining four loops, NE1, NE2, NE3 and NE4 after the Chinese New Year in response to the traditional drop in market demand after the long holiday, said the company statement.


Hanjin is also considering further capacity reduction on Asia-Med loops, again implementing one blank voyage in each of the three Asia-Med loops, MD1, MD2 and MD3, during December, and another blank voyage each after Chinese New Year.


"As a second option, Hanjin Shipping is also considering suspension of one of the three loops during the slack season," said the company.


The MD1 port rotation is Shanghai (Sun/Mon), Ningbo (Mon/Tue), Hong Kong (Thu/Thu), Shenzhen-Shekou (Thu/Fri), Singapore (Tue/Tue), Suez (Sun/Sun), Piraeus (Tue/Wed), Naples (Thu/Sat), Genoa (Sun/Mon), Barcelona (Tue/Wed), Valencia (Wed/Thu), Piraeus (Sun/Mon), Suez (Tue/Wed), Singapore (Mon/Mon), Hong Kong (Fri/Fri) and back to Shanghai (Sun/Mon).


The MD2 port rotation is Shanghai (Fri/Fri), Ningbo (Sat/Sat), Xiamen (Mon/Mon), Kaohsiung (Tue/Tue), Hong Kong (Wed/Thu), Shenzhen-Yantian (Thu/Thu), Singapore (Mon/Mon), Suez (Fri/Fri), Port Said (Fri/Sat), Ashdod (Sat/Mon), Genoa (Thu/Sat), Livorno (Sat/Mon), Fos (Mon/Wed), Port Said (Sun/Mon), Suez (Mon/Mon), Singapore (Fri/Sat), Hong Kong (Tue/Tue) and back to Shanghai (Fri/Fri).


The MD3 port rotation is Busan (Wed/Wed), Ningbo (Thu/Fri), Shanghai (Sat/Sat), Hong Kong (Mon/Tue), Shenzhen-Yantian (Tue/Tue), Singapore (Sat/Sat), Suez (Wed/Wed), Port Said (Wed/Thu), La Spezia (Sun/Tue), Barcelona (Wed/Fri), Valencia (Fri/Sun), Algeciras (Mon/Tue), Port Said (Sat/Sun), Suez (Sun/Sun), Singapore (Thu/Thu) and back to Busan (Wed/Wed).


Hanjin Shipping operates 60 liner and tramp services, moving more than 100 million tons of cargo a year on 200 containerships, bulk and LNG carriers.


Source : HJS.