The North China Express (NCX) service that is jointly operated by KMTC, SITC, RCL and X-Press Feeders has been suspended from 14 May 2023. The service was first launched in February 2021 by the 4 carriers and call at Dalian, Xingang, Qingdao, Ningbo, Singapore, Port Klang, Shekou, Incheon, Dalian using 4 ships of 2,400-2,800 teu with each partner contributing 1 ship each. KMTC and SITC have replaced the service with a new China Malaysia Vietnam (CMV/FEM3) service that is operated in partnersh
COSCO, PIL and RCL have launched a new jointly operated Straits-Yangon service calling at Singapore, Yangon, Port Klang, Yangon, Singapore from 2 May 2023 that are branded respectively as the SYM1 (Singapore-Yangon-Malaysia 1), YGS (Yangon Service), RSY (RCL Straits Yangon Service). The service turns in 21 days using the 1,367 teu ISEACO WISDOM from COSCO, 1,080 teu KOTA HAPAS from PIL and 928 teu NITHI BHUM from RCL and will provide weekly connections between Singapore and Yangon on the first
Regional Container Lines (RCL) and Interasia Lines (IAL) have teamed up to launch a new service connecting Ho Chi Minh City, Singapore, Port Klang (W), Port Klang (N), Yangon, Thilawa, Port Klang (W), Port Klang (N), Singapore, Ho Chi Minh City. The service turns in 3 weeks with 3 ships of 1,000-1,100 teu and is branded by RCL as the RCL Yangon-Hochiminh (RYH) and by IAL as the Vietnam-Straits-Myanmar (VSM) service. The service started on 19 December 2022 from Port Klang with the 1,118 teu PAN
RCL has teamed up with CMA CGM's intra-Asia carrier, CNC, to launch a new Yangon Cambodia Express (YGX) service that connects Singapore, Port Klang, Yangon, Port Klang, Singapore, Sihanoukville, Singapore from 3 January 2023. The service will deploy 3 ships on a 21 day rotation, starting with the 1,060 teu GREEN PACIFIC from CNC and followed by 2 more ships from RCL - the 928 teu NITHI BHUM and 1,118 teu OTANA BHUM.
The Middle East Gulf-China service that is jointly operated by a consortium of 6 carriers (PIL/CUL/ESL/KMTC/RCL/Wan Hai) will be upgraded from 9 January 2023 with new calls at Hamad and Singapore (westbound). The revised rotation will call at Shanghai, Ningbo, Nansha, Shekou, Singapore, Jebel Ali, Dammam, Hamad, Singapore, Shanghai. The service was first launched in November 2021 and is branded respectively as the Gulf China Service (GCS) by PIL and KMTC, Asia Gulf Express (AGX) by CUL, Gulf Ch
CU Lines has joined RCL's Bangkok-Vietnam-China (RBC) service as a ship provider, with the deployment of 1 ship on the service. CUL brands the service as the China Thailand Service (BC1), which will be updated with a new call at Wenzhou starting from 10 January 2023. The revised RBC/BC1 will call at Bangkok, Laem Chabang, Ho Chi Minh City, Ningbo, Shanghai, Laem Chabang, Bangkok, turning in 3 weeks with 2 ships from RCL (the 1,498 teu JITRA BHUM and ITHA BHUM) and 1 ship from CUL (the 1,930 teu
Regional Container Lines (RCL) has revised its RCL Singapore-South Philippines 6 (RSP6) service with new calls at Zamboanga and Bintulu in East Malaysia. The revised service will connect Cebu, Cagayan de Oro, Zamboanga, Bintulu, Singapore, Cebu starting from 9 November 2022 with the 1,018 teu DANU BHUM on a 14-16 day frequency. RCL started its business in the Philippines in 1988, at the Port of Manila and was the first common feeder vessel to serve the port of Cebu and Davao in the early 90s.
RCL has launched a new RCL East Malaysia (REM) service connecting Singapore, Kota Kinabalu, Muara, Bintulu, Singapore service from 10 October 2022 using the 628 teu SUPA BHUM. The service operates on a 14 day frequency.
The best yard stick, in our view, measuring management performance is the financial return generate over time. And the most direct financial return for shareholders is the dividend pay-out relative to a company's market value. Liners have been swimming in cash on extraordinary earnings since 2021. Reasonably, they also distributed dividend generously. Between 2021 and July 2022 end, a total of $38bn* of dividend paid while another $14bn have been committed to be paid in 2022 by the 16 shipping
CNC, PIL and RCL will launch a new weekly service connecting Xingang, Dalian, Incheon, Qingdao, Shanghai, Laem Chabang, Ho Chi Minh City using four ships of 2,400-2,800 teu. The service will start at Xingang on 1 July with the 2,478 teu APL CAIRO.