South Korean SM Line to launch new services 'from the ashes of Hanjin'

South Korean conglomerate Samra Midas Group (SMG) has applied to the US Federal Maritime Commission (FMC) to start a new transpacific container service. Branded SM Line, it would begin operating in April, deploying a fleet of five 6,500 teu vessels.

National Retail Federation (NRF) commissioner William Doyle said SM Line was proposing to operate a liner service between Shanghai and Ningbo in China, Busan in South Korea and Long Beach on the US west coast. “In addition, SM Line intends to operate eight intra-Asia services between China, Japan, Thailand, Vietnam, India, Pakistan, Indonesia and other countries.” For these services SM Line intended to deploy 11 vessels in the 1,000-2,500 teu range.

SM Line was officially launched on 6 January, after the completion of its organisational structure at its headquarters in Yoido, Seoul, by new director Kim Chil-bong (also president of Korea Line Corp) with a ceremony attended by around 200 employees, many formerly employed by Hanjin.

(The Loadstar)