China gets new shipping line connecting it to Europe

South Korean shipping company HMMhas launched a new line connecting China’s Tianjin port with Europe, Chinese state-run news agency Xinhua reports. HMM will assign 12 ultra-large 24k TEU vessels into weekly service along the route, which will link China’s industrial hub in Tianjin with major European ports, including Algeciras in Spain, Rotterdam in the Netherlands, Hamburg in Germany and Antwerp in Belgium. China-made products can reach Europe 15% faster on this route, which should save logistics costs for customers, Xinhua quoted HMM chairman Lee Joo-myung as saying.