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Companies

Hapag-Lloyd Guidance’s Track Record

Hapag-Lloyd guided €2-4 Bn in Earnings before interest and tax (EBIT) for 2023, which would turn out to be the third best year of its operating track record going back to 2003. Hapag-Lloyd has been providing guidance since 2014 prior to its public listing in Nov 2015. An analysis of the Hapag-Lloyd earnings guidance from the past 9 years show Hapag-Lloyd beating their own guidance 6 times and missed only once in 2016. Despite its relatively sound earnings guidance track record, its forecast o

Companies

SITC reported 38 % HoH drop in earnings for 22H2

SITC reported after market close on 7 March where 22H2 net profit dropped 38% HoH, much steeper than larger liners' 10-11% HoH drop on SITC particularly high spot market exposure. SITC reports full results semi-annually while provides top line update quarterly. On quarterly basis, 4Q 2022 revenue dropped only 11% QoQ, decelerating from the 20% QoQ drop in 3Q as SITC gained market share by having increased its volume during 4Q by 18% QoQ. Maersk reported lower intra regional volume while Hapag

Services

THE Alliance ends Cape of Good Hope routing on Asia-Europe services

THE Alliance carriers (Hapag-Lloyd, HMM, ONE and Yang Ming) have ended the Cape of Good Hope routing on the eastbound (backhaul) legs of the FE2, FE3 and FE4 services from North Europe to Asia that started since November 2022 and have switched back to the regular route via the Suez Canal. The last FE2 sailing to take the Cape route was the 19,870 teu AL ZUBARA that departed from Rotterdam on 5 March 2023 after 10 consecutive sailings that skipped the Suez route. The Cape routing was already en

Services

Swire upgrades Singapore-NW Australia service

Swire will upgrade its North West Australia Direct (NWD) service by splitting its existing Singapore-Darwin-Port Hedland service into 2 separate services. The North West Australia Direct (NWD) service will connnect Singapore and Port Hedland directly using the 618 teu DILI CHIEF with a 18 day turnaround starting from 21 April 2023. The transit time from Singapore to Port Hedland will improve to 7 days compared to the current 14 days. Port rotation of the North West Australia Direct (NWD) serv

MarketPulse

Market Pulse – 2023 Week10

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202310] Further freight rate corrections can be expected with US port congestion now effectively cleared while the residual congestion in China and Europe are no longer causing any severe bottlenecks for the global container supply chain. Chinese ports are mostly fluid with the recent buildup of ships in Shanghai/Ningbo due more to scheduling than berthing delays, while European congestion is mostly limited to French ports d

Companies

CMA CGM net profit down 57% QoQ

CMA CGM disclosed some head line figures for its FY2022 and Q4 2022 results on March 4. The group level net profit dropped 57% QoQ and 55% YoY, driven primarily by lower container freight rates (-13% QoQ) and to lesser extent lower volume (-9% QoQ). CMA CGM has not disclosed its expenses break-downs and liner level EBIT in this set of numbers. Group level net profit dropped $4bn QoQ against $3.6bn QoQ drop in shipping segment's EBITDA suggest the depreciation (e.g. chartering expenses) and tax e

Services

PIL introduces Gulf China Service 2 (GC2) through slots on GALEX

PIL has introduced a new Gulf China Service 2 (GC2) through a slot arrangement with ESL on the Galex service. The service is jointly operated by Emirates Shipping Line (ESL), Global Feeder Shipping (GFS), KMTC and RCL using 7 ships of 6,500-8,500 teu with a full rotation that calls at Busan, Shanghai, Ningbo, Xiamen, Dachan Bay, Port Klang, Khor Fakkan, Jebel Ali, Sohar, Qingdao, Busan. PIL's GC2 will start on 17 March 2023 on the 8,540 teu HAKARA SEOUL. The GC2 coverage will not include Qingda

Services

CMA CGM launches new West Africa Feeders

CMA CGM is launching a couple of West African Feeders. Central Range Feeder, calling Abidjan, Monrovia, San Pedro, Takoradi, Abidjan on weekly basis with two 1,338 teu ships, will start on 23 March with ATLANTIC SILVER at Abidjan. The second ship CMA CGM NOUADHIBOU will phase in on 13 April at Abidjan. Both ships have been deployed at CMA CGM's Wazzan Service, which goes between ports at Straits of Gibraltar and West Africa. North Range Feeder, calling Dakar, Banjul, Darkar on once every 9-da

Services

ZIM launches new Caribbean Service

Zim launches Caribbean Gulf Express (CGX) that will rotate through Kingston, Houston, Mobile, Kingston with two vessels on 14-day round trip. 1,100 teu CONTSHIP DON will phase in on 14 April at Houston while 1,496 teu WARNOW MASTER will phase in on 15 April at Kingston. Until recently, both vessels have been deployed in ZIM's Intra-East Mediterranean. They will both take a single voyage in ZIM's ZIM Container Service Atlantic to be positioned to the US East Coast before joining CGX.

Companies

Transfar Shipping not owned by Worldwide Logistics and is not an affiliate of Safetrans Line.

Transfar Shipping has informed Linerlytica that it is not owned by Worldwide Logistics and is not an affiliate of Safetrans Line. Transfar Shipping was established in Singapore in 2018 and operates independently on the transpacific trade since 2021.

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