Hong Kong Stocks Update | TS LINES (02510) Surges Over 5%, U.S. Route Outlook Dims as Company Exits Trans-Pacific Operations

Stock News
10/27

TS LINES (02510) has seen its share price increase by over 5%, trading up 4.94% at HKD 9.13 with a trading volume of HKD 32.228 million as of the time of this report. According to media sources, TS LINES is set to withdraw from the jointly operated West Coast route in the United States (AWC) with SeaLead Shipping and KMTC effective November. This decision signifies a notable shift for TS LINES, which has been actively operating in the Asia-Pacific, Trans-Pacific, and Asia-Europe markets. As of June 30, 2025, TS LINES operates a total of 49 shipping routes. Reports from the shipping industry indicate that TS LINES is among the later entrants to withdraw from the U.S. West Coast routes. With a bleak outlook for U.S. routes, there is a growing trend toward cross-alliance cooperation. Alphaliner mentions that "the weak demand for freight on U.S. routes and declining spot freight rates are prompting significant adjustments in global fleet deployments." In the future, sharing capacity across alliances may become more common.

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