TS Lines will be the latest new entrant to the Asia-Europe trade when it joins CUL as a vessel operator on the latter's Asia Europe Express (AEX) service on 17 March 2022. TS Lines will deploy the 4,380 teu TS SINGAPORE on the AEX, joining 5 other ships from CUL of 4,000-4,400 teu. The service calls at Ningbo, Shanghai, Xiamen, Shekou, Tilbury, Rotterdam, Hamburg, Antwerp, Ningbo with ad-hoc calls added on inducement at Qingdao, Yantian and Ho Chi Minh City.
China United Lines (CUL) have launched a bid for an initial public offering (IPO) on the Hong Kong stock exchange. It filed an initial application on 31 January 2022, with proceeds from the IPO to be used to fund new ships and further overseas expansion. CUL was established in 2005 and is currently based in Shanghai. The company is controlled by Raymond Chen Hong Hui (through interests held by his spouse) and is currently 80% owned by Chen and 20% by Guangzhou Port. It reported total revenues