A new service linking Asia and Latin America is being launched by three of Asia’s leading container lines this summer, in spite of the recent fall in freight rates in this market, according to fruitnet.com.
Hyundai Merchant Marine (HHM), Hanjin Shipping and Yang Ming Marine Transportation Corp. are due to start the West Latin Express (WLX) service on July 11. It will be operated with 10 vessels of 5,500 TEUs, according to Lloyds List.
“Partner carriers believe that the introduction of this new service will improve transit times and provide extensive port coverage from Asia to the West Coast of Latin America including Mexico, and vice versa,” HMM said in a statement.
To read more, click HERE.
