CUL

Services

CUL downgrades Transpacific service with smaller ships

China United Lines (CUL) will continue to operate the Transpacific Express II/South China-West US (TPC) service connecting Nansha, Yantian, Los Angeles, Nansha following the termination of the charter arrangement for the 12 panamax ships from Antong. The 4,130 teu REN JIAN 19 is expected to make the last trip for CUL using Antong’s ships, departing from Nansha on 14 December 2022. CUL will deploy smaller ships on the service from 20 December, starting with the freshly chartered 1,708 teu SUNRIS

Companies

CUL pays $67m penalty for early termination of Antong cooperation agreement

China United Lines (CUL) has reached a settlement with Antong Holdings for the early termination of its Long Term Cooperation Agreement on 8 December 2022, subject to the approval of Antong shareholders. CUL had given notice to Antong on 28 November 2022 for the termination of the agreement that involves the charter of 12 panamax ships of 4,132 teu to 4,713 teu from Antong for $52,000 per day and the lease of Antong containers for operations on the Asia-Europe and Transpacific routes under a p

Service cancellations

CU Lines/TS Lines to withdraw Asia-Europe service

CU Lines and TS Lines will end their jointly Asia-Europe Express (AEX) service with the last sailing scheduled to depart from Ningbo on 10 December 2022. The 7 ships currently deployed on the service will be redeployed, comprising of 6 ships of 4,100-4,400 teu from CU Lines and 1 4,380 teu ship from TS Lines. 2 of the CU Lines ships have been idle at China since the end of November. The AEX calls at Ningbo, Shanghai, Xiamen, Shekou, Southampton, Rotterdam, Hamburg, Antwerp, Ningbo on a fortnigh

Companies

CUL seeks to terminate 12 panamax containership charters from Antong

China United Lines (CUL) has served notice on 28 November 2022 for the early termination of its Long Term Cooperation Agreement with Antong Holdings that involves the charter of 12 panamax ships of 4,132 teu to 4,713 teu to CU Lines for $52,000 per day and the lease of Antong containers by CU Lines for operations on the Asia-Europe and Transpacific routes under a profit sharing arrangement. The agreement was effective from 1 June 2022 and was supposed to expire in 34 months or on 1 April 2025.

Services

CU Lines commits to new TPC transpacific service

CU Lines has committed to continue  operating the Transpacific Express II (TPC) service through 2023 with a new cooperation with Trapac in the port of Los Angeles that will ensure a more reliable schedule to the US West Coast. From October 2022, the revised TPC will call at Qingdao, Shanghai, Ningbo, Nansha, Yantian, Los Angeles, Qingdao with the additional calls at Qingdao and Shanghai that are shifted from the TPX service that was suspended in September. The service will deploy 7 ships, com

Services

COSCO/CUL adds China Philippines Express (CPX) service

COSCO and China United Lines (CUL) have launched a new joint service branded as the China Philippines Express (CPX). The service calls at Shanghai, Xiamen, Manila, Subic Bay, Shanghai starting from 21 Sep 2022 using the 1,432 teu JIN YUN HE and the 1,713 teu AS SERENA. The new service replaces the  China-Vietnam Express (CV5/CVX) service that was jointly operated by COSCO and CUL calling at Shanghai, Xiamen, Ho Chi Minh City, Shanghai.

Services

CUL launch new shuttle to Manila

China United is launching new service that connect South China and Philippines with OSG BEAUTEC's call at Nansha on July 2.

Services

CUL to launch 3rd Transpacific string

China United Lines (CUL) has launched the Transpacific Express III (TPN) service, its 3rd tranpacific service. The service started on 5 May with the 1,868 teu XIN MING ZHOU 106 calling at Haiphong, Ho Chi Minh City, Nansha, Ningbo, Qingdao, Los Angeles, Oakland. A sistership, XIN MING ZHOU 108 will also join the service on 20 May at Ningbo. The port rotation of this new service is irregular but is expected to call at Qingdao, Shanghai, Ningbo, Xiamen, Yantian, Los Angeles, Oakland, Qingdao.

Services

CUL introduces new Asia East Med (AEM) service

China United Lines (CUL) has launched a new Asia-East Mediterranean Sea Service (AEM) in March 2022. The service kicked off on 10 March 2022 with the 4,395 teu REN JIAN 16 calling at Qingdao, Shanghai, Ningbo, Shekou, Ashdod, Ambarli, Piraeus, Qingdao with an ad-hoc westbound call at Cai Mep also added. The service is currently running on a monthly basis, with the second sailing scheduled on 8 April 2022 with the 2,492 teu GROTON.

Companies

CUL plans Hong Kong IPO

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

© 2023 Linerlytica (ver. 1.0.15). All rights reserved.
Liner Analytics Pte. Ltd.