China United Lines (CUL) has reached a settlement with Antong Holdings for the
early termination of its Long Term Cooperation Agreement on 8 December 2022,
subject to the approval of Antong shareholders.
CUL had given notice to Antong on 28 November 2022 for the termination of the
agreement that involves the charter of 12 panamax ships of 4,132 teu to 4,713
teu from Antong for $52,000 per day and the lease of Antong containers for
operations on the Asia-Europe and Transpacific routes under a p