MSC has acquired 2 newbuilding contracts for a pair of 14,000 teu ships currently under construction at Jiangnan Shipyard from BAL Container Line for $133.3m in total or $66.65m for each ship. BAL's parent company, LC Logistics, will book a profit of $49m from the sale as the book value of these ships stand at $84.3m for the first 2 installments paid to Jiangnan for the construction of the ships so far. The 2 ships were ordered by BAL in June 2022 and are scheduled for delivery in July and Sept
BAL Container Line has relaunched the China-Mexico Express (CMX) service calling at Yantian, Qingdao, Lazaro Cardenas, Manzanillo (Mex), Yantian from 1 June 2024. The CMX service will turn in 6 weeks using the newly chartered 1,809 teu AMOUREUX that is expected to make 2 round voyages in June and July. A second 1,809 teu ship, ARIONAS will join the service on 19 June 2024. It marks BAL's return to the long haul routes after it withdrew its last operated ship, the 3,534 teu NORTHERN DEBOUNAIR o
BAL Container Line has stopped its container services following the final voyage of the 3,534 teu NORTHERN DEBONAIR that finished its China-Mexico Express (CMX) sailing at Qingdao on 9 January 2023. BAL has redelivered all of its chartered ships and no longer publishes any further sailings. The move could affect the planned IPO of LC Logistics, the parent company of BAL Container Line, has announced a potential listing in Hong Kong on 24 October 2022. BAL launched the first of several ad-hoc
SeaLead will continue to serve the China-US West Coast market by taking slots on Transfar's sailings between Ningbo and Long Beach from November 2022. SeaLead has ceased to call at the US West Coast since 15 October when the 3,534 teu SONIC made its last call at Long Beach. Under the new agreement signed on 3 November 2022, Transfar will sell up to 83 teu on a space used basis to SeaLead on its AES1 service that currently calls at Qingdao, Shanghai, Ningbo, Long Beach, Lazaro Cardenas, Manzan
LC Logistics, the parent company of BAL Container Line, has filed for an initial public offering (IPO) in Hong Kong on 24 October 2022. The company was founded by Xu Xin in 2004 in Qingdao as Shandong Lcang to provide freight forwarding services and is a related company of Qingdao Boan that is engaged in container sales and leasing. BAL Container Line was established as the liner operating arm of the Shandong Lcang Group in August 2012 in Hong Kong to provide SOC container transportation se
BAL has added a second service connecting China and Vietnam with the launch of the China Vietnam Express (CVX) in April. The service deploys 2 ships of 1,000-1,200 teu and connects Taicang, Ningbo, Haiphong, Ho Chi Minh City, Taicang. The first sailing was made by the 1,042 teu XIN MING ZHOU 18 on 12 April 2022 and followed by the 1,179 teu BAOHANG on 19 April. The new weekly service adds to BAL's South China-Vietnam Express (SVX) service that was launched in December 2021 and connects Nansha,
BAL Container Line has launched a new South China-Vietnam Express (SVX) service that connects Nansha, Da Chan Bay and Ho Chi Minh City. The 706 teu BAL STAR initiated the service at Nansha on 18 December 2021. The ship was previously chartered by BAL to CK Line and was operating on the South Korea, China, Vietnam route until 13 December 2021. The BAL STAR calling at Da Chan Bay on 20 December 2021BAL Container Line is the liner operating arm of the Shandong Lecang Group. The company was found