The Venice Port Authority presents the first direct line to the Far East to the Employers’ Association in Verona
The new route was inaugurated on 30th of June and directly connects Pusan (South Korea) to Venice calling at Shanghai, Hong Kong, Singapore, Colombo and Port Said.
The service is covered by 4 shipping companies: United Arab Shipping Co (UASC), Hanjin Shipping, Hyundai Merchant Marine and Yang Ming, each contributing with two Panamax ships with a hold capacity between 4,000 and 4,700 containers (1 container = 1 TEU, Twenty-Foot Equivalent Units).
This connection means that each Thursday a ship loads and unloads some 600 containers - totalling 1,200 containers per trip - setting sail the next day with an equal amount of freight on board: this translates into a yearly estimated increase of container traffic of 25 thousand units.
This new line provides many advantages for the local territory:
- it contributes to a change in attitude in the markets of the north-east and of Italy's neighbouring countries: Germany, Austria and central Europe can now choose the Port of Venice as their reference port for importing/exporting cargo to the Far East;
- it cuts the transit-time of transhipment feeder services by one week;
- it improves the speed-to-market of companies located in the three north-eastern regions of Italy, thanks to more efficient and competitive cargo shipments and also to the better visibility gained on the Asian/Eastern market, especially with China.