Print
Maritime

Wilmington Port Signs New Deal For Service To And From Asia

By Vince Winkel, posted Oct 31, 2016
Maersk has committed to more Asian routes after the recent collapse of the Hanjin Shipping Co. (Photo by Vince Winkel)
The brief vacancy caused by the recent collapse of Hanjin Shipping Co. at the Port of Wilmington has been shored up.
 
On Monday N.C. State Ports Authority officials announced a new partnership with Mediterranean Shipping Company (MSC) and Maersk Line with the addition of the TP10/Amberjack all-water Asia-U.S. East Coast container service.
 
"This new agreement will help businesses that depend on international commerce by enhancing our state's connection to vital international trade routes, and allowing larger container vessels to call on the Port of Wilmington," said Gov. Pat McCrory in a news release.
 
The TP10/Amberjack’s rotation includes direct calls to the heavily populated ports of Qingdao, Xingang, Ningbo, Shanghai and Busan in Asia, and is the only service offering direct linkage to the U.S. East Coast into and out of Xingag. This transpacific service traverses the expanded Panama Canal on its way to U.S. East Coast ports, offering the fastest coverage from Asia to Wilmington.
 
"The ports are a critical component of our state’s transportation system,” N.C. Transportation Secretary Nick Tennyson said in the news release. “This new partnership is evidence that our investments are paying off and are helping to keep North Carolina at the forefront of today’s global economy.”
 
The enhanced TP10/Amberjack service at the Port of Wilmington and consists of 10 Panamax 4,300-5,100 TEU ships with the arrival of the SeaLand Lightning.
 
“North Carolina has a ripe market that continues to drive the decisions of the world’s biggest container companies,” said Paul Cozza, ports executive director. “Our inclusion in this rotation not only improves our visibility in international trade but also ensures the businesses that rely on us will have that much needed connection to Asia.”
 
The N.C. State Ports Authority had relied on Hanjin for between 7 to 8 percent of its annual revenue, or about $3 million, and its routes to and from Asia. The South Korean company filed for bankruptcy in August.
 
Maersk Line already deploys multiple strings into the Port of Wilmington via its Intra-Americas regional ocean carrier SeaLand. The SeaLand Atlantico and revised SAE services provide access to Latin America for ports customers.
 
“Our beneficial cargo owners were clamoring for a stable Asia service in this location,” said Greg Fennell, ports chief commercial officer, in a news release. “The TP10/Amberjack provides us with greater convenience and enhanced transit times for shippers doing business in Asia.”
 
For an update on the latest development and construction at the Wilmington port, see the Nov. 4 edition of the Greater Wilmington Business Journal.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Cfss headshots parker robert webversion 21422121214

Can an HOA Deny Solar Panels?

Robert Parker - Cape Fear Solar Systems
Jc300 dsc 2735

For Great Board Members Who Don’t Want to Ask for Money

JC Lyle - Wilmington Area Rebuilding Ministry
Dallasromanowski headshotcopy

You Can Run, But You Can’t Hide

Dallas Romanowski - Cornerstone Business Advisors

Trending News

Wilmington-based Firm Buys Carolina Beach Motel For $5M

Cece Nunn - Jun 24, 2022

Fit4Life Health Clubs To Open Two Gyms As Upgrades Continue

Johanna Cano - Jun 24, 2022

In The Current Issue

Retooling A Workforce

North Carolina, like many other states, faces a severe shortage of manufacturing workers as companies bring their operations back to the Uni...


Safety On The Cellular Level

The origin of Cygnus Technologies, a company that provides analytical products to the pharmaceutical and biotechnology industry, can be trac...


'Sauce Boss' Built Business From Scratch

It was the summer of 1989, and Sean O’Rourke had concocted his first iteration of what would eventually become the Surfer Slappin! barbecue...

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100