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>

<< Nov 2019 >>
MTWTFSS
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 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >