TAIWAN's intra-Asia carrier TS Lines has revealed it has ended its North West 1 service that connected China with Vancouver, reported London's Loadstar.
TS Lines began the service in October 2021 and discontinued it last November, and is now re-focusing on its core intra-Asia services.
Last week, Greek broker Intermodal reported that TS Lines had sold 2019-built 1,096-TEU TS Shanghai and TS Yokohama and the 2006-built 962-TEU TS Moji to a European buyer for US$40 million.
A source at TS Lines confirmed the sale and that it would not be chartering the ships back. The buyer has been identified as German tonnage provider HR Schiffahrt, and brokers said there was talk that TS Lines had also put the 2007-built 2,553-TEU TS Manila up for sale.
TS Lines will also terminate its Asia-Europe and Asia-US east coast services, jointly operated with China United Lines and SeaLead Shipping.
"As we're taking delivery of a dozen newbuildings this year and considering that asset values have been falling, we decided to sell a few ships to adjust our fleet size," said a company source.