ICTSI Subic welcomes Wan Hai’s consolidated service

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As SEA-FE rates diverge
The Xeneta analyst says the sub-trades from Southeast Asia to China are currently the least expensive, while the sub-trades from Southeast Asia to Japan and Taiwan are now the most expensive. File photo

Subic Bay International Terminals Corp (SBITC) received the first call of Wan Hai Line’s consolidated Mindanao–Hong Kong–Taiwan (MHT) service in December 2021. The earlier MHT service – the fastest connection from Mindanao to Hong Kong and Taiwan according to Wan Hai – is being integrated with the Subic Express Service. The port rotation of the MHT service now includes Subic, Batangas, Cebu, Davao, Shekou and Hong Kong. Wan Hai consolidated the two services to optimize its offering in the intra-Asia trade, utilizing larger-capacity ships to meet increasing demand during the holidays and the run-up to the Chinese New Year, SBITC said in a statement. As the first port of call in the Philippines, Subic benefits from the upgraded service’s improved transit time for mostly raw materials and imported products. SBITC is a subsidiary of International Container Terminal Services, Inc.