Alphaliner: SM Line to Enter the Market with Six Services

South Korea’s newly established SM Line is making a bold entry into the container shipping trades with an initial suite of six services covering the North East Asia – South East Asia, Far East – India and Transpacific routes, Alphaliner informed.

The company, which was incorporated on December 15, 2016 with a capital base of KRW 37 billion (USD 33 million), is scheduled to launch the new services successively over the months of March and April 2017.

SM Line will operate an initial fleet of 11 ships of 1,100-6,600 TEU, six owned and five chartered units, which feature a total capacity of 41,381 TEU.

This will place SM Line as the 37th largest container carrier in the world, according to Alphaliner’s carrier rankings.

The company has acquired 12 containerships of 1,100-6,600 TEU, eight of which are intended for deployment on the carrier’s own services, including as replacements for chartered ships, while the remaining units are expected to be chartered out.

SM Line will operate independently on its core services, covering the East Asia and Far East-US West Coast routes, while the shipping line will rely on slot charters from other carriers only on the Far East – India routes.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Defence Safety Conference 2019

The Defence Safety Conference returns to London this October as the only event solely dedicated to enhancing safety across all aspects of defence.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >