Nippon Yusen Kaisha (NYK) is joining two new intra-Asia services to strengthen its regional network.
The Japanese box carrier said it will participate in the new Japan Straits Indonesia services called Leo Service and Meteor Service to “not only enhance our service network but also improve the schedule integrity.”
The Leo Service covering Japan, Indonesia, and Vietnam will begin March 12 in Singapore. It will be jointly operated by NYK, Hapag Lloyd, and Kawasaki Kisen Kaisha (“K” Line) using four 4,200-TEU container ships. NYK will deploy two ships, Hapag Lloyd one, and “K” Line also one.
Its port rotation will be Tokyo, Kawasaki, Yokohama, Nagoya, Kobe, Singapore, Jakarta, Singapore, and Ho Chi Minh.
The Meteor Service offering a Japan-Manila-Vietnam connection starts March 17 in Singapore, a joint operation by NYK and “K” Line with four 2,700-TEU box ships. NYK will deploy two ships, and “K” Line will deploy two.
Rotation is Osaka, Yokkaichi, Nagoya, Shimizu, Tokyo, Yokohama, Kobe, Manila, Ho Chi Minh, Singapore, Manila, and Osaka.
Meanwhile, Hong Kong-based Orient Overseas Container Line (OOCL) will hike rates for its Southeast Asia-Australia services from April 1.
Freight rates from Southeast Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, Indian Subcontinent, Myanmar, and Middle East) to Australia will be increased by US$200 per 20-foot-equivalent unit and $400 per 40-foot container for both dry and refrigerated cargo.
This increase will apply on top of existing market rates and be subject to accessorial surcharges applicable upon shipment, said the carrier.
“The ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs in our Southeast Asia-Australia services,” OOCL said in explaining the higher rates.
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