Shipping liners introduce new services on SE Asian trade route as demand picks up

New Delhi — Major container shipping liners including Ocean Network Express, or ONE, Wan Hai Lines and CMA CGM have introduced new services on the South East Asia trade route indicating a revival of demand in the region.

Singapore-based ONE will launch a new weekly China-Indonesia-Malaysia, or CIM service, starting Nov 14, the company said in a statement on Oct 23.

Port rotation for the newly launched CIM service will include Hong Kong–Nansha–Shekou–Surabaya–Semarang– Jakarta–Port Kelang–Hong Kong.

French container liner CMA CGM's sole Intra-Asia short sea carrier, CNC, will launch a new weekly service connecting the ports of Hong Kong, China, Indonesia and Malaysia starting Nov 14, the company said in a statement Oct. 23.

Port rotation for the newly launched service will include Hong Kong–Nansha–Shekou–Surabaya–Semarang–Jakarta–Port Klang (North)– Port Klang (West)–Hong Kong.

Taiwan-based container shipping liner Wan Hai Lines announced launch of a new weekly service connecting South China, Indonesia and Malaysia starting Nov 14, the company said in a statement Oct 23.

The new service rotation will include Hong Kong–Nansha–Shekou–Surabaya–Semarang–Jakarta–Port Kelang–Hong Kong.

While global trade in most regions fell during the second quarter exports have recovered faster in East Asia since July, according to the UN Conference on Trade and Development's global trade update published earlier this week.

"No region has been spared from the decline in international trade in Q2 2020. However, trade in East Asia appears to have fared relatively better than in other regions. This trend is even more evident for the month of July," the report said.

Also, exports grew in Asian countries including India (4%), South Korea (8%) and China (13%) in September, according to the report.