15/10/2015

Hanjin Shipping will withdraw from the Southeast Asia-Australia-New Zealand KIX service before year’s end and terminate its two-year participation in the NZ market.

The line yesterday advised Australian customers bookings for trans-Tasman links via KIX (which Hanjin labels AAZ) will cease from October 6.

Simultaneously, Hanjin’s NZ agents ISS-McKay notified shippers that due to “the demise of the AAZ service and subsequent withdrawal of Hanjin Shipping from NZ” they were unable to accept any import bookings, effective immediately.

The last AAZ voyage will be ANL Euroa V020 E/W, departing Singapore on November 9 and concluding in the same port on December 21. ISS-McKay said it would continue to accept exports ex-Auckland for the remainder of sailings.

While Hanjin did not give a reason for its decision the move has been widely anticipated in the marketplace given the severe overcapacity in the SEA-NZ trade.

While there is widespread speculation of an imminent merger of the KIX and NZS services at the time of writing there had been no announcement from any of the affected parties.

An ANL spokesman said discussions over the future of KIX were continuing and the market would be informed “as soon as possible”.

 

If you have any questions please refer to your customer service representitive. 

Keeping you updated,

Michael Tisch

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