Korea’s new shipper SM Shipping goes on maiden voyage next month

SM Shipping, under South Korea’s Samra Midas (SM) Group, will set sail on its maiden voyage on March 8 with 1,000 twenty-foot equivalent (TEU) container onboard. The fledgling shipper’s first cargo service will depart Busan port in southern Korea and stop at China, Thailand, and Vietnam.

The carrier’s first full service in its Asia-North America route - leaving Busan and arriving at Long Beach Terminal - is scheduled on April 21. The company plans to establish reservation system for consignors by the end of this week.

At the same time, it bought five 6,500-TEU, one 4,300-TEU, and one 1,000-TEU vessels, and leased five carriers with a load capacity of between 2,000-TEU and 3,000-TEU. Its total cargo carrying capacity stands at around 47,000-TEU, placing it on the 33rd rank on a global scale.

SM Shipping hopes to expand its fleet to 21 containerships with 110,000-TEU capacity by next year.

(Pulse News)