TS Lines Archives - The Loadstar Making sense of the supply chain Mon, 04 Nov 2024 09:52:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 31889032 IPO brings in HK$941m for TS Lines to finance network expansion https://theloadstar.com/ipo-brings-in-hk491m-for-ts-lines-to-finance-network-expansion/ https://theloadstar.com/ipo-brings-in-hk491m-for-ts-lines-to-finance-network-expansion/#comments Fri, 01 Nov 2024 11:34:36 +0000 https://theloadstar.com/?p=283988 Taiwanese liner operator TS Lines’ initial public offering (IPO) on the Hong Kong Stock Exchange raised HK$941m ($121m) after its listing today.
The funds raised were, however, short of the $145m TS Lines had originally targeted.
The company issued 250m shares at between HK$3.50 and HK$4.50 each, with the final offer price at HK$4.18 (US$0.54) per share.
JP Morgan and China Merchants Securities were joint bookrunners for the IPO, which was subscribed 12.09 ...

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]]> https://theloadstar.com/ipo-brings-in-hk491m-for-ts-lines-to-finance-network-expansion/feed/ 2 283988 Once more into the IPO breach with TS Lines https://theloadstar.com/once-more-into-the-ipo-breach-with-ts-lines/ https://theloadstar.com/once-more-into-the-ipo-breach-with-ts-lines/#respond Fri, 18 Oct 2024 09:36:52 +0000 https://theloadstar.com/?p=282864 If at first you don’t succeed, then try, try, try, try… and try again. That’s the lesson from Taiwanese container carrier TS Lines’ latest attempt at an initial public offering (IPO) in Hong Kong.
Here we go
Alphaliner this week reported that Hong Kong-based TS Lines, owned since 2001 by Taiwanese shipping magnate TS Chen following his departure from the family firm, Wan Hai Lines, appears to be at last heading for ...

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]]> https://theloadstar.com/once-more-into-the-ipo-breach-with-ts-lines/feed/ 0 282864 TS Lines expands Africa services and orders more ships https://theloadstar.com/tsl-lines-expands-africa-services-and-orders-more-ships/ https://theloadstar.com/tsl-lines-expands-africa-services-and-orders-more-ships/#respond Mon, 07 Oct 2024 11:20:47 +0000 https://theloadstar.com/?p=282065 Taiwanese regional carrier TS Lines has increased its capacity on its Far East-East Africa services and ordered two 4,300 teu ships at CSSC Huangpu Wenchong Shipbuilding, as it broadens its mid- to long-haul services.
The East Africa Express (EAX) service, currently operated by TS Lines, Emirates Shipping Line, Global Feeder Shipping, Interasia Lines, KMTC Line and RCL, with Evergreen taking slots, will be upgraded with a second loop from 20 October.
It ...

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]]> https://theloadstar.com/tsl-lines-expands-africa-services-and-orders-more-ships/feed/ 0 282065 TS Lines tests the water with ad hoc India to US west coast service https://theloadstar.com/ts-lines-tests-the-water-with-ad-hoc-india-to-us-west-coast-service/ https://theloadstar.com/ts-lines-tests-the-water-with-ad-hoc-india-to-us-west-coast-service/#respond Tue, 01 Oct 2024 11:40:35 +0000 https://theloadstar.com/?p=281605 Taiwan’s TS Lines (TSL) — predominant on Asian trades — is looking to raise its market profile in India with extra loaders, refocusing from its traditional target markets.
The carrier will operate a direct, non-stop ad-hoc sailing from West India to the US west coast, according to industry sources.
The TS Kwangyang has an ETA of 5 October at Nhava Sheva port, and TSL India sales executives believe the vessel’s arrival will drum ...

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]]> https://theloadstar.com/ts-lines-tests-the-water-with-ad-hoc-india-to-us-west-coast-service/feed/ 0 281605 Transpacific newbies add capacity as demand for express services grows https://theloadstar.com/transpacific-newbies-add-capacity-as-demand-for-express-services-grows/ https://theloadstar.com/transpacific-newbies-add-capacity-as-demand-for-express-services-grows/#respond Tue, 24 Sep 2024 11:10:43 +0000 https://theloadstar.com/?p=281024 Transpacific newcomers Hede (Hong Kong) International Shipping and TS Lines are adding capacity to their express China-US West Coast services, despite the downward pressure on freight rates.
Hede, a subsidiary of China’s Tangshan port group, debuted on the transpacific in March, its Hede West Coast Express service offering a shuttle between Shanghai and Los Angeles, using five ships of 1,800-4,200 teu.
Last month, the carrier launched the Hede USWC Direct Express (HDX) ...

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]]> https://theloadstar.com/transpacific-newbies-add-capacity-as-demand-for-express-services-grows/feed/ 0 281024 Transpacific rates war breaks out as new arrivals undercut major liners https://theloadstar.com/transpacific-rates-war-breaks-out-as-new-arrivals-undercut-major-liners/ https://theloadstar.com/transpacific-rates-war-breaks-out-as-new-arrivals-undercut-major-liners/#respond Thu, 29 Aug 2024 11:05:06 +0000 https://theloadstar.com/?p=279177 A rates war on the Asia-US West Coast tradelane is under way, as newcomer transpacific carriers offer lower rates to gain market share.
This has forced the established mainline operators to drop their rates to hold onto customers.
According to Linerlytica’s report this week, while the Shanghai-US West Coast rate on 23 August stood at $5,955 per 40ft, down 10% from the previous week, actual rates are more than $1,000 lower.
Linerlytica said: ...

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]]> https://theloadstar.com/transpacific-rates-war-breaks-out-as-new-arrivals-undercut-major-liners/feed/ 0 279177 TS Lines sails back into the transpacific trade, boosting SeaLead relaunch https://theloadstar.com/ts-lines-sails-back-into-the-transpacific-trade-boosting-sealead-relaunch/ https://theloadstar.com/ts-lines-sails-back-into-the-transpacific-trade-boosting-sealead-relaunch/#respond Wed, 03 Jul 2024 11:20:13 +0000 https://theloadstar.com/?p=275746 Taiwanese regional carrier TS Lines will join SeaLead Shipping’s relaunched Asia-US West Coast (AWC) service, marking its comeback to long-haul trades.
Dubai-based SeaLead’s spokesperson told The Loadstar TS Lines would assign its two 2,900 teu vessels, TS Melbourne and TS Tacoma, to the AWC, which was relaunched on 17 June.
The start of the deployments has yet to be confirmed – according to the eeSea liner database, TS Tacoma is deployed on ...

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]]> https://theloadstar.com/ts-lines-sails-back-into-the-transpacific-trade-boosting-sealead-relaunch/feed/ 0 275746 Maersk sets new chartering record with deal for $150,000 a day https://theloadstar.com/maersk-sets-chartering-record-with-150000-daily-rate/ https://theloadstar.com/maersk-sets-chartering-record-with-150000-daily-rate/#respond Tue, 25 Jun 2024 10:37:18 +0000 https://theloadstar.com/?p=275068 As liner operators become desperate for ships, charter rates have hit the $150,000/day mark.
Maersk Line has agreed to pay this to charter Taiwanese regional carrier TS Lines’ 7,000 teu newbuilding Kota Valparaiso for three months.
Just two weeks ago, CMA CGM chartered its sister vessel, Kota Callao, for $100,000/day, itself a record, then. After being employed by CMA CGM and Maersk, they will begin a long-term charter with Pacific International Lines. Last ...

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]]> https://theloadstar.com/maersk-sets-chartering-record-with-150000-daily-rate/feed/ 0 275068 Regional carriers dip toes in long-haul trades again as rates soar https://theloadstar.com/regional-carriers-dip-toes-in-long-haul-trades-again-as-rates-soar/ https://theloadstar.com/regional-carriers-dip-toes-in-long-haul-trades-again-as-rates-soar/#respond Tue, 11 Jun 2024 12:04:57 +0000 https://theloadstar.com/?p=274077 More regional and intra-Asia carriers are returning to long-haul trades as rates rise to Covid-19 peaks.
SeaLead Shipping, based in Dubai and Singapore, is restarting its transpacific service to the US west coast, while BAL Container Line has relaunched its China-Mexico Express service.
By August, Asia-US west coast rates could hit their Covid-19 peak of $8,000 per 40ft – they are currently around $6,209.
SeaLead’s new USWC service – Nansha, Ningbo, Shanghai, Long ...

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]]> https://theloadstar.com/regional-carriers-dip-toes-in-long-haul-trades-again-as-rates-soar/feed/ 0 274077 TS Lines eyes ‘risky’ return to long-haul trade with new ships https://theloadstar.com/ts-lines-eyes-risky-return-to-long-haul-trade-with-new-ships/ https://theloadstar.com/ts-lines-eyes-risky-return-to-long-haul-trade-with-new-ships/#respond Thu, 06 Jun 2024 10:32:39 +0000 https://theloadstar.com/?p=273683 Taiwanese intra-Asia carrier TS Lines, which withdrew from its long-haul venture after the Covid-induced boom faded last year, is planning a comeback now freight rates have rebounded.
Founder and chairman Chen Te-sheng said the carrier had signed a letter of intent to order two 14,000 teu ships from China’s Shanghai Waigaoqiao Shipbuilding – vessels that could be assigned to the transpacific or Far East-South America routes after delivery in 2027.
TS Lines ...

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