HK Stock Market Move | TS LINES (02510) rose more than 5%, with a bleak outlook for American routes. The company will no longer operate services across the Pacific.
Deheng Shipping (02510) rose by over 5% again, as of the time of publication, it has risen by 4.94% to HK$9.13, with a turnover of HK$32.28 million.
TS LINES (02510) rose by more than 5%, up 4.94% as of the time of writing, at 9.13 Hong Kong dollars, with a trading volume of 32.228 million Hong Kong dollars.
In terms of news, according to reports from the media, TS LINES will exit the AWC trans-Pacific route operated in conjunction with SeaLead Shipping and Korea Marine Transport (KMTC) in November, which also means TS LINES. It is reported that TS LINES' current business scope includes the Asia-Pacific market, trans-Pacific market, and Asia-Europe market. As of June 30, 2025, TS LINES operates a total of 49 routes.
According to reports from the shipping industry, TS LINES is a relatively late withdrawal from the trans-Pacific route among recent new participants. With dim prospects for the trans-Pacific route, the trend of inter-alliance cooperation is gradually increasing. Alphaliner pointed out, "The weak demand for trans-Pacific freight and the fall in spot freight rates are prompting major changes in global fleet deployment." In the future, inter-alliance space sharing may become more common.
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