Container carriers Yang Ming Marine Transport (Yang Ming), Pacific International Lines (PIL), Hyundai Merchant Marine (HMM), and Kawasaki Kisen Kaisha (‘K’ Line) are to launch a new South America Loop 1 (SAL1) in late April.
In the 16 April announcement, Yang Ming said a total of 11 4,250-4,600 teu box ships will be deployed for this service, with two to be operated by Yang Ming, four by PIL, three by HMM, and two by K Line. Each voyage will take 84 days.
The first sailing of the new service will be from Pusan on 25 April and the port rotation will be Shanghai, Ningbo, Shekou, Singapore, Rio De Janeiro, Santos, Navegantes, Paranagua, Santos, Rio De Janeiro, Singapore, Hong Kong, and back to Pusan.
Yang Ming reported its profit of TWD411 million (USD13 million) for 2014, returning to black from the loss of TWD2.9 billion in 2013, the company stated on 16 April.
The carrier recorded a revenue of TWD134.7 billion in 2014, up 13% year on year (y/y), and its earnings per share stood at TWD0.13 from the loss of USD0.90 in 2013.
At present, oil price still remained at low level, and bunker price is USD200 less per tonne y/y.
However, Yang Ming expects better performance in 2015.