TS Lines (Taiwan Shipping) will withdraw from the Trans-Pacific route starting in November, terminating vessel deployments on the AWC route operated jointly with SeaLead and KMTC.
The primary reason for this decision is the sharp decline in cargo volumes and freight rates, which have dimmed the prospects of the U.S. route. Emerging shipping companies, including TS Lines and SeaLead, are gradually exiting services on the U.S. West Coast express lines.
According to data, the vessel "TS Tacoma" deployed by TS Lines on the AWC route (built in 2023, with a cargo capacity of 2954 TEU) will complete its voyage in Busan on October 29 and will be redeployed to the CA3 route serving Central Australia.
TS Lines is one of the relatively late entrants among recent participants to exit the U.S. West Coast routes. With the dim outlook for the U.S. routes, there is a growing trend towards cross-alliance cooperation. Alphaliner notes, "Soft freight demand and falling spot rates on the U.S. trades are prompting significant adjustments in the global fleet." In the future, cross-alliance slot sharing may become more common.
According to the latest data from Alphaliner, among the top 100 shipping companies globally, TS Lines ranks 20th, operating 40 vessels, of which 36 are self-owned and 4 are chartered, with a total cargo capacity of 106,475 TEU. Additionally, TS Lines has 9 newbuild orders with a total cargo capacity of 73,800 TEU.