The China Navigation Co Ltd (CNCo) has announced plans to consolidate the majority of its liner shipping services under
a new entity, Swire Shipping Ltd, a new company recently incorporated in the United Kingdom
. The service framework and existing network of management offices will not be affected by this change.
Under the new entity, Swire Shipping will become the new brand, meaning
that the current brands APIL, Chief Container Service
, Crocodile Line,
Indotrans, Indotrans Pacific
and New Guinea Pacific Line will be retired.
The Bank Line will
be temporarily retained as a sub-brand before being
gradually phased out during the course of 2007.
Greater Bali Hai, NGPL Japan South Pacific Line and Tasman Orient Line
are not included in this brand rationalisation due to separate shareholding
structures, and will continue to trade under their current names.
The establishment of Swire Shipping Ltd will
complete Swire's global
service integration project which, since 2003, has seen the acquisition of
Indotrans and The Bank Line, and the introduction of several new trades.
In 2004-05 Swire Shipping launched two new services: Indotrans Pacific
linking key Australian east coast
and New Zealand ports with ports on the
west coast of Canada and the United States; and Indotrans Asia
Southeast Asia and Papua New Guinea with the South Pacific Islands.