All News

Services

MSC launched new E.Med to US service

The service, South Turkey - Israel - Egypt To USA service, have started in May, going through port rotation, Mersin, Iskenderun, Haifa, Damietta, Savannah, Charleston, Freeport (Bah), Derince, Mersin.

Services

PIL started second Gulf China Service

The new service, Gulf China 2, is starting on 18 June with KOTA LOCENG (4330teu) calling Ningbo.

DKT Allseas

Allseas Shipping Company launched

The Allseas Group has launched the Allseas Shipping Company on 13 June 2022 to provide shipping services, teaming up with container equipment provider 1st Containers in the UK. Although Allseas claim to be the first British registered shipping line to be launched in 4o years, it actually follows the re-launch of the Ellerman Lines brand in June 2021 by the Uniserve group of companies. Allseas will continue to develop the China Xpress service that was launched in April 2021 which has been expan

Markets

TP Freight Rates Still Soft

The alarmist reports of catastrophic demand drop are unwarranted. The recent weakness in smaller transpacific NVOCC bookings only reflect volume shifts as BCOs are able to book directly. Anyhow, demand has not picked up sufficiently...

Ships

Active Fleet Up On Easing Congestions

The active containership fleet increased slightly over the past week due to the reduction in port congestion, with about 400,000 teu coming out of the congestion queue.

Port Congestion

PORT CONGESTION DOWN

Global port congestion dropped from 13.1% to 11.1% in the past week, due mainly to the fall in Chinese port congestion.

Ports

Top 3 Ports Volume Up MoM

The top 3 ports in the world all reported improved throughput volumes in May, with Shanghai retaining the top spot at 3.4m teu last month for a 10.3% MoM rebound.

Ports

May Volume Up MoM Down YoY

Global port volumes are expected to rebound by 1.5% in May compared to April..... Despite the encouraging rebound, overall volumes in May remain 2.8% lower compared to the same period last year.

MarketPulse

Market Pulse – 2022 Week 23

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202223] Transpacific spot freight rates remain under pressure but alarmist reports of catastrophic demand drops are unwarranted. The recent weakness in smaller transpacific NVOCC bookings reflect volume shifts as BCOs are able to book directly at favourable rates with vessel space currently open. The reduction in the LA vessel queue is also freeing up more capacity to the USWC but USEC capacity remains constrained with conge

Services

Sinokor launched another Russia shuttle

Qingdao Russia Shuttle will connect Qingdao, Korea and Russia through port rotation, Qingdao, Kwangyang, Busan, Vladivostok, Busan, Kwangyang, Qingdao.

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