With effect from 27 September, Hyundai Merchant Marine will add a second Manila call to its ‘FTS’ service, which links South Korea and China with Vietnam and Thailand, with a stopover in the Philippines.
At the same time, Hyundai will extend the round trip duration of the loop from 21 to 28 days. In order to maintain weekly departures, the Korean Shipping Line will charter the 1,740 teu newbuilding BINDI IPSA and deploy her on the revised loop.
The vessel is presently nearing completion at Guangzhou Wenchong Shipyard and she is to be delivered to Ipsa Maritime, a subsidiary of the investment company Ipsa Capital, in two weeks’ time.
The newbuilding will trade alongside the 2,181 teu sisters HYUNDAI STRIDE and HYUNDAI SPRINTER, and the 1,740 teu HANSA MAGDEBURG – another Guangzhou Wenchong standard type.
Since the extra Manila call as such does not require an entire extra week, the extension of the service to 28 days also adds a degree of slow-steaming to the ‘FTS’ loop.
As of late September, the revised rotation will look as follows: Busan, Shanghai, Manila, Ho Chi Minh City, Laem Chabang, Manila, Qingdao, Busan.