China United Lines (CU Lines) is looking to capitalize on today’s rising tonnage prices for used container ships. The compay has sold six ships, including some very modern tonnage, brokers report.
The six container ships are the 2023-built 2,433 TEU Qingdao CUL, the 2024-built 2,433 TEU Klang CUL, the 2023-built 2,689 TEU Ho Chi Minh CUL, the 2023-built 2,700 TEU Shekou CUL, the 2011-built 2,800 TEU Manila CUL and the 2012-built 2,758 TEU Jakarta CUL.
VesselsValue statistics show that CU Shipping has 13 ships, with two more on order. While Alphaliner data shows that CU Shipping is the 46th largest shipping company in the world, with a total fleet size of around 30,000 TEU.
CU Lines was founded in 2005. Its fleet size has swung wildly in the 2020s as it rode the extraordinary cycle container shipping has been on this decade. CULines’ shipping industry segment is dedicated to the container liner transportation, and international shipping agency for many years.
Besides cross-Strait routes, it also provides services linking China to Southeast Asia, South Asia, Northeast Asia, Middle East, Europe and the United States of America . By December 31, 2021, CULines has launched over 30 container liner routes, which it covers 48 major ports in 20 countries and regions such as Chinese Mainland/ Taiwan/ Hong Kong, Japan, South Korea, Vietnam, Thailand, Philippines, Cambodia, Singapore, Malaysia, India, Pakistan, UAE , the Kingdom of Saudi Arabia , Oman, the Netherlands, Belgium, Germany, UK and USA . According to Alphaliner, by December 31, 2021, CULines ranked No.22 among global container shipping operators.