The last eastbound voyage of the TPC route departing from Yantian Port is TPC 2323E, which will be executed by the vessel ADAMASTOS, and the expected departure time is June 18, 2023;
The last westbound TPC departure from the Port of Los Angeles is TPC2321W, which will be performed by TIGER and is expected to depart on June 23, 2023. As a result, the company's TPC routes will be suspended on June 23.
The original announcement of CU Lines is as follows:
It is understood that Zoomlion Shipping launched a direct TPC route from China to the West of the United States in July 2021.
After several upgrades, this route has become the special line customized by the company for e-commerce customers in South China, enjoying a good reputation in the industry.
In March this year, the company also officially released a notice that since the upgrade to version 2.0 in May 2022, the TPC route has achieved a good shipping schedule, delivery and service record, and has received strong support and wide praise from customers and partners such as Amazon.
In order to quickly respond to market demand, on the basis of the original version 2.0, China United Shipping upgraded the TPC route to the version 3.0 e-commerce dedicated line by improving internal efficiency, optimizing resources and clarifying market positioning, so as to provide customers with more high-quality and reliable services.
However, just three months later, the upgraded route had to announce a suspension of operations. The news came as a surprise, but it made sense.
Since the pandemic, the container shipping market has quickly returned to "normal", and in fact container rates have fallen sharply since the middle of last year.
The market is down, the shipping company began to take the initiative to make adjustments
Take Star Shipping ZIM, which is still focused on trans-Pacific routes but is also adjusting some of its business proportions.
According to data recently provided by Alphaliner for Xinde Maritime Network, the proportion of capacity invested in ZIM's trans-Pacific business has fallen to 43% from 49% a year earlier, while the proportion of capacity invested in its Asia-Europe business has risen to 7% from 0% previously.
In addition, Wanhai Shipping is rapidly retreating from trans-Pacific routes. The Taiwan-based carrier's share of capacity on trans-Pacific routes has fallen to 28% from a peak of 40% in 2022.
At the same time, the company has increased its capacity investment in the intra-Asian shipping market. Intra-asia capacity has risen again to 65%, Alphaliner data show.
Indeed, Zoomlion Shipping is also adjusting its activities in the intra-Asian market.
On the one hand, Zoomlion Shipping stopped the TPC route; On the other hand, the company has enhanced its activities in the intra-Asian market.
In May this year, China United Shipping Lines launched the East India Express FME, which provides customers with transportation access from China to Chennai and Vizag port in East India.
In addition, in order to further strengthen the route services in Southeast Asia, Zoomlion Shipping Lines also launched the South China - Philippines/Vietnam pendulum route SPV.
The SPV route will provide customers with a new fast route between South China and major ports in the Philippines and Vietnam, while connecting the Philippines and Vietnam, providing direct flights between Ho Chi Minh City, Manila and Subic.
