Hanjin and Senator test the market with new FMS link
South Korea’s Hanjin Shipping and its majority-owned Bremen-based subsidiary Senator Lines, are to commence a Far East/Middle east service (FMS) with 3 x 2,000 TEU vessels on a fortnightly service.
The 2,000 TEU Hanjin Port Adelaide will be the first FMS westbound sailing on November 10, from Busan and the same vessel will commence the eastbound voyage from Khor Fakkan on November 26.
The full rotation of the FMS service will be: Busan, Korea; Shanghai and Chiwan, China; Singapore, Khor Fakkan and Jebel Ali, UAE; Karachi, Singapore, Chiwan and then back to Busan.
The plans are to upgrade to a weekly service later in the year, or early in 2008.
Hans-Hermann Mohr, CEO of Senator Lines said that the company’s strategy was to ‘fully concentrate on the most profitable markets’.
Whilst Senator Lines is technically only a slot charter on the FMS service it seems that it is the new strategy of Hanjin to give its Senator brand a boost following the German company’s period of financial turmoil.