New container line planning China to US and Europe services.
New boxship player, The Containership Company is set to start services from China to Europe and the US in the next few months once fundraising is completed. Erik Helberg ceo of RS Platou Market"s said interest in fundraising for the new company had been very good, Danish newspaper Borsen reported. The company is placing out 15m shares to raise $50m in funds. Once funding is completed, TCC which aims to emulate the success of low cost carrier airlines, plans to charter six to eight ships for a China to US West Coast service and up to a further 10 ships for a China to Europe service. The services will be based out of the Chinese port of Taicang and offer direct port to port calls only, with no additional door-to-door logistics services that most major lines offer.