Maersk launches new Transpacific East Coast service

A.P. Moller – Maersk (Maersk) has launched its latest addition to its ocean product portfolio – the TP28 service.

The new weekly service will deploy vessels on a port rotation of: Vung Tau (Vietnam) – Yantian (China) – Ningbo (China) – Shanghai (China) – Houston (US) – Newark (US).

Maersk is currently aiming to start the service with the first sailing from Yung Tao on 23 March by the MAERSK WALLIS.

“Maersk remains dedicated to support our customers increased cargo demands during the global pandemic. In order to continue this effort and to improve the reliability of our offering, we will launch a new weekly service – the TP28,” said the shipping line in a statement.

The commencement of the new service is subject to compliance with any regulatory requirements.

The shipping line has also announced changes to its TP20 service which connects Indonesia to China and the US.

The service will now feature a direct call to Jakarta in Indonesia, instead of Vung Tao. Maersk also expects to gradually increase the size of the vessels deployed on the TP20 rotation from 4,500 to 6,500 segment.

The revised TP20 service will now follow the route of: Jakarta – Yantian – Ningbo – Shanghai – Charleston – Newark.

Earlier this week, Maersk published its operational results for 2021, shattering previous financial records.

The company closed the year with its revenues of $61.8 billion, an increase of 55 per cent compared to the financial results of the previous year.

Additionally, EBITDA tripled to $24 billion and free cash flow was $16.5 billion. This allowed Maersk to make strategic investments into decarbonisation and logistics growth, combined with strong cash distribution to shareholders.