TS Lines received a lukewarm response to its Hong Kong stock listing, with its shares trading below its issue price of HK$4.18 on its first trading day to close at HK$4.10 on 1 November 2024 before rebounding by 5.12% to HK$4.31 on 4 Nov. TSL shares currently trade at a 43% discount to its adjusted book value, compared to the average discount of 15% for its main publicly listed peers (excluding SITC that currently trades a 367% premium to book value). The addition of TS Lines brings the number
TS Lines will raise between $113m to $145m from its initial public offering (IPO) in Hong Kong, with trading of its shares to start on 1 November 2024. The company will offer 250.94m shares or 15.2% of its total shares to be priced at between HK$3.50 to HK$4.50 per share. Following the IPO, the company's founder Chen Teh Sheng (TS Chen) will retain 37.49% of the company's shares along with a further 37.49% owned by General Sharafuddin Alsayed Mohd Yousif Sharaf who has been a controlling shareho
Emirates Shipping Line (ESL), Global Feeder Shipping (GFS), KMTC and TS Lines (TSL) will launch a new South China-Middle East Express (SMX/Sirius/AIM3) service calling at Nansha, Dachan Bay, Port Klang, Jebel Ali, Hamad, Nansha from 8 November 2024. The SMX/Sirius/AIM3 will turn in 35 days and deplaus 5 ships of 3,000 to 4,400 teu, starting with the 4,395 teu REN JIAN 27 from KMTC at Nansha on 8 November 2024, following by the 4,395 teu REN JIAN 16 and REN JIAN 19 from ESL, 2,954 teu TS COLOMBO
TS Lines has upgraded its recently launched Asia-US West Coast (AWC) service with a second AWC2 loop with up to 5 ships of 1,700 to 4,300 teu being deployed. The AWC2 will call nominally at Nansha, Xiamen, Los Angeles, Nansha with additional calls at Chiwan, Kaohsiung and Busan provided on an irregular basis. The service started from 13 August 2024 with the 1,787 teu TS BANGKOK, followed by the 1,787 teu TS TOKYO on 25 August. Two larger ships were added in September, the 2,954 teu TS MELBOURNE
Regional Container Lines (RCL) and TS Lines (TSL) will launch a new South China-Thailand service calling at Nansha, Shekou, Laem Chabang, Bangkok (PAT and Sahathai), Nansha from 22 October 2024. The service will be branded by RCL as the RCL Bangkok-South China (RBS) and will turn in 2 weeks using the 1,707 PIYA BHUM and a second ship from TSL with the service name still to be announced.
The FAX/IEA/EAX/REA/FAS service, currently operated by Emirates Shipping Line (ESL), Global Feeder Shipping (GFS), Interasia Lines (IAL), KMTC, Regional Container Lines (RCL) and TS Lines (TSL) will be upgraded from October 2024 with a second loop added with Evergreen joining the group as a vessel operator. The existing FAX/IEA/EAX/REA/FAS/AEF2 service calls at Qingdao, Shanghai, Ningbo, Nansha, Port Klang, Mombasa, Dar es Salaam, Port Klang, Qingdao using 7 ships of 2,500-2,800 teu with 1 skip
Sinokor, TS Lines and X-Press Feeders will launch a new China-Middle East service branded respectively as the Sinokor Gulf Service 2 (SGX2), Central China Middle East Express (CMX) and Jebel Ali-Far East X-Press (JFX) that will call at Qingdao, Shanghai, Ningbo, Shekou, Port Klang, Jebel Ali, Colombo, Qingdao. The service will turn in 6 weeks and will deploy 6 ships of 6,000 to 8,000 teu starting with the 8,030 teu MUMBAI BRIDGE at Qingdao on 23 September 2024.
TS Lines will join SeaLead on the new America West Coast (AWC) transpacific service connecting Nansha, Ningbo, Shanghai, Qingdao, Busan, Long Beach, Busan, Nansha. The AWC service was launched on 16 June 2024 at Nansha with the 1,809 teu ADAMASTOS by SeaLead, followed by the 5,610 teu SUEZ CANAL on 27 June, 1,809 teu ASTRAOIS on 3 July and the 3,534 teu STAR on 10 July. TS Lines will add 2 ships to the AWC service, starting with the 1,738 teu HANSA FRESENBURG and 2,954 teu TS MUNDRA, to be rep
Interasia Lines (IAL) has joined Yang Ming and TS Lines on the revised Pan Asia Service (PAS) as a vessel operator, with Wan Hai Lines (WHL) also taking slots on the service from 13 March 2024. The revised PAS calls at Moji, Hakata, Busan, Kwangyang, Keelung, Kaohsiung, Hong Kong, Shekou, Nansha, Ho Chi Minh City, Hong Kong, Shekou, Xiamen, Moji with a new call at Ho Chi Minh City added on 31 March 2024. The PAS service turns in 3 weeks with 3 ships of 2,400 to 3,000 teu with Yang Ming, TS Lin
Emirates Shipping Line (ESL), KMTC, TS Lines (TSL) and Global Feeder Shipping (GFS) will jointly launch a new Cosmos (CMX)/AIM2/Galex 2 (GLX2) service from 2 April 2024 connecting Shanghai, Ningbo, Dachan Bay, Jebel Ali, Sohar, Port Klang, Shanghai. The service will turn in 6 weeks using 6 ships of 3,000-4,600 teu starting with the 4,398 teu BF GIANT and followed by the 2,954 teu TS MELBOURNE, 4,636 teu ZHONG GU GUI YANG, 4,130 teu REN JIAN 19, 4,331 teu TS SINGAPORE and a last ship still to be