New Asia-Latin America ocean cargo service reflects market shift

This announcement coincides with news of record growth in both China and Latin America. According to the World Shipping Council, the top 20 container ports are within China, and all are growing exponentially

By ·

Evergreen Line, COSCO Container Lines (COSCON), Pacific International Lines (PIL) and Wan Hai Lines (WHL) will jointly launch a new service linking the Far East and the West Coast of South America (WCSA).

This announcement coincides with news of record growth in both China and Latin America. According to the World Shipping Council, the top 20 container ports are within China, and all are growing exponentially.

This new weekly service, commencing from Kaohsiung on 30 April, is in response to the booming Asia - WCSA market.  This 70-day round trip service will operate with 10 ships of approximately 3,000 TEU.  Evergreen Line will contribute four vessels, while COSCON, PIL and WHL will each deploy two vessels.  The port rotation is:

Kaohsiung - Yantian - Hong Kong - Ningbo - Shanghai - Manzanillo (Mexico) - Buenaventura (Columbia) - Callao (Peru) - Iquique (Chile) - San Antonio (Chile) - Callao (Peru) - Manzanillo (Mexico) - Kaohsiung.

Hong Kong and other Chinese ports posted throughput increases of 17.9 percent to 169 million twenty-foot equivalent units (TEUs) to increase their world market share to 30.1 percent in 2010 from 29.3 percent in the previous year, said spokesmen at the World Shipping Council.

Furthermore, South America was the second fastest growing region with its ports increasing container traffic 17.6 percent in 2010.

Analysts at Alphaliner, a Paris-based consultancy, noted that the surge in this trade lane follows a record year-on-year increase of 14.5 percent over 2009, when the first annual drop in the history of containerization shrunk overall port traffic 8.9 percent.


Richard Thompson, executive vice president, global supply chain practice for Jones Lang LaSalle in Chicago, said in an interview that growth in this trade lane is a given:

“The Panama Canal Expansion will be transformational,” he said, “benefitting both Asia, South America, and the entire Caribbean Basin.”

For related articles click here.


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
SaaS Supply Chain Management Systems
A guide to better understanding the market, the software and the benefits
Download Today!
From the November 2016 Issue
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL) provider that could successfully combine transportation services and technology capabilities under one roof.
Warehouse & DC Operations Survey: Ready to confront complexity
2016 Quest for Quality Awards Dinner
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Digital Evolution: Streamlining Logistics and Supply Chain Operations
In this FREE virtual conference we'll define the challenges facing operations and offer solutions designed to create dynamic, automated networks that offer seamless communication, improved collaborative third-party relationships, and the ability to respond to changes at a moment's notice.
Register Today!
EDITORS' PICKS
Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...
Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...

Motor Carrier Regulations Update: Caught in a Trap
The fed is hitting truckers with a barrage of costly regulations in an era of scant profits....
25th Annual Masters of Logistics
Indecision revolving around three complex supply chain elements—transportation, technology and...