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Port Congestion

Port congested eased last week

Global port congestion has eased slightly over the past week, due to reduced queues at China with carriers omitting calls at Shanghai as export cargo volumes have been substantially affected by the extended lockdowns. Waiting times at Shanghai and Ningbo remain at less than 2 days on average...


OOIL 22Q1 Top Line Strong

OOIL's top line come out in line with what we saw in the Taiwanese liners. The big YoY growth should be expected but the sequential growth in revenue should surprise positively.


Taiwanese Liners Reported Another QoQ Top Line Growth

The 3 main Taiwanese carriers have reported an 8% QoQ growth in revenue for the 1st quarter of 2022. It is their 7th consecutive quarterly growth, built on higher freight rates and stronger USD.


Market Pulse – 2022 Week 15

Register Free Trial [] MARKET BRIEF - 2022 WEEK 15 The build up of ships waiting at Shanghai and Ningbo remain high but global capacity tied up by port congestion has declined last week as the pace of Chinese exports have slowed down due to the extended lockdowns at several key cities in China. Freight rates continued to trend downwards, with no rebound expected until Chinese exports return to their former pace. US bound rates remain relat


Transit time to PSW falls

There was further improvements in service levels to the PSW ports, with transit times recovering to...


COSCO earnings hit by questionable provisions

Cosco's profit margin dropped in P&L but rise in the cashflow during 21Q4. Much of the expenses were booked into payables, leading to extraordinary fall in working capital relative to its peers.


Market Pulse – 2022 Week 14

Register Free Trial [] MARKET BRIEF - 2022 WEEK 14 Freight rates from Asia have continued to weaken led by further declines to Europe while US rates are comparatively firm as the market appear to have priced in ILWU disruptions with spot rates in some case falling below new contract rates on expectations of further supply chain disruptions later this summer. Extended lockdowns in various China cities have led to significant export cargo s


MSC launch Le Havre-Boston transatlantic shuttle

MSC will launch a unique Le Havre-Boston transatlantic shuttle service to take advantage of booming transatlantic demand. The new service will start on 4 April with the 2,564 teu MSC SAMIRA III. The service will turn in 5 weeks using 5 ships of 2.500-3,400 teu. 3 of these ships are redeployed from the Baltic feeder service where volumes have been affected by the drop in Russian volumes. Freight rates have surged on the westbound transatlantic route since the middle of 2022 and remained sustain


Market Pulse – 2022 Week 13

Register Free Trial [] MARKET BRIEF - 2022 WEEK 13 Weak market demand continued to push freight rates downwards, with further softness expected in the next 2 weeks. The SCFI recorded its 12th consecutive weekly decline and is 15% lower than the peak in January. Space is open out of all Asian origins, with vessel utilisation not strong enough to support any rate increase in April. Port congestion eased from the peak recorded last week, wit


CUL introduces new Asia East Med (AEM) service

China United Lines (CUL) has launched a new Asia-East Mediterranean Sea Service (AEM) in March 2022. The service kicked off on 10 March 2022 with the 4,395 teu REN JIAN 16 calling at Qingdao, Shanghai, Ningbo, Shekou, Ashdod, Ambarli, Piraeus, Qingdao with an ad-hoc westbound call at Cai Mep also added. The service is currently running on a monthly basis, with the second sailing scheduled on 8 April 2022 with the 2,492 teu GROTON.

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