CMA CGM 3Q earnings down 7% QoQ driven by 3% QoQ lower freight rates and 9% QoQ higher OPEX. Main delta for OPEX increase are fuel and chartering expenses.
Sea-Lead Shipping has upgraded its Far East to Middle East (FAM) with the addition of new port calls at Dammam and Hamad. The updated FAM service will call at Qingdao, Xingang, Shanghai, Ningbo, Nansha, Jebel Ali, Dammam, Hamad, Qingdao starting with the call by the 6,966 teu TIMON at Dammam on 15 November 2022 and Hamad on 16 November 2022. The service is currently operated with 5 ships of 4,500-6,900 teu.
The 3 AD Ports shipping companies - Safeen Feeders, Transmar and Global Feeder Shippping (GFS) - will launch a new service connecting Karachi, Abu Dhabi, Jebel Ali Dammam, Jeddah, Aqaba, Sokhna, Adabiya, Port Sudan, Djibouti. The service is scheduled to start in December 2022, with further details still to be advised.
ZIM has slashed its 4Q 2022 EBIT earnings forecast to $440m from $740m, compared to $1,554m in 3Q 2022 due to falling freight rates and weaker liftings. Although ZIM has emphasized its commercial and operational agility, this will be tested over the next 2 years as it takes delivery of more than 50 newbuildings and committed vessel charters that will raise its operated capacity by some 70% (before charter redeliveries). Zim’s heavy reliance on chartered tonnage since its financial restructurin
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202246] Freight rates slipped further last week with weakening demand continuing to pull down capacity utilisation on the Transpacific and Asia-North Europe routes. Rate pressure has shifted to the Asia-Europe trades with carriers still unwilling to remove any capacity on the route as the the temporary blank sailings in October have mostly resumed their regular sailings. The FE-USEC routes are also under pressure, forcing Zi
ARRC Line has launched a new service connecting Russia and India. The service started on 3 September 2022 with the 1,829 teu general cargo vessel ATLANTIC NAVIGATOR II. The service connects St Petersburg and Nhava Sheva with a turnaround of 55 days. ARRC Line has also added a second ship, the 749 teu LIDER HALIL that made a Novorossiysk, Mersin, Nhava Sheva trip on 25 October. ARRC Line operates regular services connecting St Petersburg with Philadelphia and Baltimore on the US East Coast as
Jin Jiang Shipping has launched a new butterfly service that connects Dalian with the Kanto and Kansai ports in Japan. The new service is branded as the Dalian-Japan Hanshin/Dalian-Japan Kanto (DJH/DJK) and will call Dalian, Osaka, Kobe, Dalian, Tokyo, Yokohama, Nagoya, Dalian. The service started on 5 November 2022 and deploys 3 ships - the 1,118 teu JJ SUN with the 698 teu HAI SU 6 and HAI SU 7
CNC Line, the intra-Asian subsidiary of CMA CGM, has launched a new China Southeast Asia (CSE1) service that connects Dalian, Incheon, Ningbo, Shanghai, Laem Chabang, Bangkok, Laem Chabang, Manila, Quinhon, Chu Lai, Dalian The service started on 11 October 2022 with the 1,756 teu CNC PLUTO from Dalian. 4 ships of 1,012-1,952 teu are deployed on this service.
Zim, Maersk and MSC will suspend their jointly operated ZSE/TP23/Liberty service that currently covers Tanjung Pelepas, Cai Mep, Yantian, Charleston, Savannah, New York (intermittently omitted), Tanjung Pelepas. The last sailing will depart from Tanjung Pelepas on 23 November 2022 with the 5,936 teu IAN H. The service currently deploys 10 ships of 5,400-6,600 teu on a 13 week rotation, including 9 ships operated by Zim and 1 ship by Maersk. The suspension of this service will remove an average
Maersk and Global Feeder Shipping (GFS) will launch a new Intra ME/ISC service that will cover Jebel Ali, Dammam, Jebel Ali, Mundra, Pipavav, Jebel Ali with two ships, the 1,740 teu BIG DOG and 1,613 teu GFS RANNA (ex HERA). BIG DOG will phase in on 29 November 2022 at Jebel Ali while GFS RANNA, coming out of drydock, will phase in also at Jebel Ali on 6 December 2022. Maersk brands this new service as the Shaheen Express. GFS has not yet released details on the new service. Shaheen Express po