Active fleet steady in past week. More ships entered yards for retrofits, after 2-year delay on the extraordinary earning up cycle.
Container handling volumes at the port of Shenzhen rebounded sharply in April to reach 2.61m teu, for a 18% gain compared to March and 44% against February’s numbers.
Global port congestion continued to fluctuate around 12% to 13% of the global fleet, with the situation remaining very fluid.
Transpacific spot freight rates have held their ground last week, with recent rate declines halted as the market prepares for a rebound from the extended lockdown in Shanghai.
Capacity to the US East coast increased to 243,000 teu last week to reach its highest levels since January.
THE Alliance carriers will reinstate the Savannah call on the Far East-USEC EC2 service from 19 May with the first vessel arrival expected at Savannah on 5 July 2022. The carriers have already made 2 ad hoc calls at Savannah on the EC2 in May.
Neptune Pacific Direct Line (NPDL) is launching a USEC Fiji direct service with 1 ship on 60-70 days transit time starting with Capitaine Baret calling Philadelphia on May 19 .
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202219] Market sentiment has improved slightly with both freight rates and charter rates holding up relatively better in anticipation of easing lockdown restrictions in key Chinese cities. Although the SCFI posted its 18th consecutive weekly drop, rates are expected to rebound when Shanghai re-opens within the next few weeks. The sustainability of the rebound will depend on the strength of cargo demand and forward signals ar
BAL has added a second service connecting China and Vietnam with the launch of the China Vietnam Express (CVX) in April. The service deploys 2 ships of 1,000-1,200 teu and connects Taicang, Ningbo, Haiphong, Ho Chi Minh City, Taicang. The first sailing was made by the 1,042 teu XIN MING ZHOU 18 on 12 April 2022 and followed by the 1,179 teu BAOHANG on 19 April. The new weekly service adds to BAL's South China-Vietnam Express (SVX) service that was launched in December 2021 and connects Nansha,
De Well, the 10th largest NVOCC on the Transpacific trade has filed for an IPO in Hong Kong on 30 April. The listing timetable and proceeds to be raised were not disclosed, with Citi and CICC acting as joint sponsors. The IPO filing comes 8 months after the company sold a 29.5% stake to Cainiao...