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MarketPulse

Market Pulse – 2022 Week51

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202251] The container market is ending the year on a weak note, with freight rates and charter rates still under pressure. Carriers are banking on a mini cargo rush to push for a new round of rate increases on 1 January with vessel utilisation out of Asia picking up last week. Chinese port congestion has also increased last week following the surge in Covid infection across Chinese cities, but this could negatively impact e

Services

Bahri launches Europe Asia Pendulum Service

The National Shipping Company of Saudi Arabia (Bahri) will launch a new Europe-Asia Pendulum Service that calls at Dalian, Shanghai, Ennore, Jeddah, Montoir, Bremerhaven, Antwerp, Jeddah, Dalian from 31 December 2022. The service will turn in 80-82 days and will initially deploy 2 of Bahri's roro/container ships of  25,900 dwt/364 teu with sailings every 40-45 days starting with the BAHRI JAZAN at Dalian on 31 December 2022 and the BAHRI JEDDAH on 17 February 2023. Bahri's new Europe Asia Pend

Services

THE Alliance diverts EC4 backhaul via Cape route

THE Alliance carriers (Hapag-Lloyd, HMM, ONE and Yang Ming) have started to divert the ships on the EC4 backhaul voyages via the Cape of Good Hope starting with the departures from the US East Coast in November 2022. A total of 9 EC4 sailings will take the longer Cape route instead of the regular passage via the Suez Canal, in a move that will allow the carriers to save on canal toll fees as well as reduce the effective capacity on the route with the EC4 sailings reduced to fortnightly departu

Services

Sinokor launch Far East-Novorossiysk service

Sinokor has ventured out of its core intra-Asia services for the first time, with the launch of a new Asia-Black Sea service that connects several Asian ports with the Russian Black Sea port of Novorossiysk. The 1,512 teu SAWASDEE SINGAPORE has made the first voyage from Asia from 5 December 2022 calling at Incheon, Busan, Hong Kong, Ho Chi Minh City, Jakarta, Port Klang, Novorossiysk. This will be followed by a second voyage on 27 December 2022 with the 4,738 teu GRACE BRIDGE calling at Qingd

Services

RCL and CNC launch Yangon Cambodia Express (YGX)

RCL has teamed up with CMA CGM's intra-Asia carrier, CNC, to launch a new Yangon Cambodia Express (YGX) service that connects Singapore, Port Klang, Yangon, Port Klang, Singapore, Sihanoukville, Singapore from 3 January 2023. The service will deploy 3 ships on a 21 day rotation, starting with the 1,060 teu GREEN PACIFIC from CNC and followed by 2 more ships from RCL - the 928 teu NITHI BHUM and 1,118 teu OTANA BHUM.

Services

MSC revises NWC to South Africa port rotation

MSC will revise the port rotation on its Northwest Continent to South Africa (NWC to South Africa) service with no additional ports added and the double call at Cape Town is dropped in order to enhance schedule reliability. The revised rotation will start from 9 January 2023 to call at Rotterdam, London Gateway, Antwerp, Hamburg, Le Havre, Sines, Las Palmas, Ngqura, Durban, Cape Town, Las Palmas, Rotterdam compared to the previous rotation that called London Gateway, Rotterdam, Hamburg, Antwerp

Services

Zim/GSL launch new Thailand Fremantle Express (TFX)

Zim/Gold Star Line (GSL) will launch a new Thailand Fremantle Express service from January 2023. The service will call at Ho Chi Minh City, Laem Chabang, Port Klang, Sydney, Melbourne, Fremantle, Port Klang, Ho Chi Minh City using 5 to 6 ships of 1,700-2,600 teu on a 42 day rotation starting with the 2,450 teu GSL AFRICA at Laem Chabang on 4 January 2023.

Services

ESL to lauch 2 Indonesia feeder services through slots on RCL

Emirates Shipping Line (ESL) will launch 2 services connecting its Southeast Asia hub of Port Klang with the Indonesian ports of Jakarta and Surabaya in January 2023. The JKT service connecting Port Klang, Jakarta, Port Klang will start on 6 January 2023 and the SUB service connecting Port Klang, Surabaya, Port Klang will start from 8 January 2023. Both of these services are offered through a slot arrangement with RCL who are operating the feeder services as part of its ASEAN feeders network.

Services

PIL/CUL/ESL/KMTC/RCL/Wan Hai upgrade Middle East Gulf-China Service

The Middle East Gulf-China service that is jointly operated by a consortium of 6 carriers (PIL/CUL/ESL/KMTC/RCL/Wan Hai) will be upgraded from 9 January 2023 with new calls at Hamad and Singapore (westbound). The revised rotation will call at Shanghai, Ningbo, Nansha, Shekou, Singapore, Jebel Ali, Dammam, Hamad, Singapore, Shanghai. The service was first launched in November 2021 and is branded respectively as the Gulf China Service (GCS) by PIL and KMTC, Asia Gulf Express (AGX) by CUL, Gulf Ch

Services

HMM and NYK Bulk & Projects team up on FE-ME MPV service

HMM and NYK Bulk & Projects (NBP) have signed a collaboration agreement on 19 December 2022 to jointly operate a weekly break-bulk liner service between the Far East and Middle East. HMM currently operates 4 owned mpp ships of 30,100 dwt/1,888 teu equipped with 2 heavy-lift cranes of 320 tons that can be combined to lift 640 tons. It also charters in 1 to 2 heavy lift ships from AAL from a cooperation arrangement concluded in 2018. These mpp ships are mostly deployed on the Middle East route,

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