Crew Reviews, Ratings & Info for Hansa-Lanka

In a strategic move to bolster its presence in Southeast Asia, CMA CGM has announced a three-month extension of their charter. This decision aims to enhance trading capabilities in the region, ensuring continued service and support for their clients. The extended charter reflects CMA CGM's commitment to adapting to market demands and maintaining robust logistics in Southeast Asian trade routes.

Hainan PO Shipping has announced a complete suspension of its shipping routes, citing a combination of a depressed market, low freight rates, and dwindling cargo volumes as contributing factors. This decision comes ahead of the National Holidays next month. Company president You Xiaofang stated that the firm plans to submit an operational report to the local government post-holidays, exploring the possibility of resuming shipping activities. You emphasized that the company may require financial assistance or a restructuring strategy to continue its operations. The downfall has been partially attributed to the ill-advised expansion plans initiated by former chairman Li Kelin, who has since stepped down. These unfavorable conditions have resulted in significant financial losses for PO Shipping, raising concerns about its future viability.