All News

Services

AD Ports launch new Pakistan-Gulf-Red Sea-East Africa service

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.

Companies

ZIM: Agility To Be Tested

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

MarketPulse

Market Pulse – 2022 Week46

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

Services

ARRC Line starts new Russia-India service

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

Services

Jin Jiang Shipping launches new Dalian-Japan (DJH/DJK) butterfly service

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

Services

CNC launch new China Southeast Asia (CSE1) service

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.

Services

Zim/2M suspends ZSE/TP23/Liberty FE-USEC 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

Services

Maersk/GFS launch Shaheen Express

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

Companies

ZIM 3Q earnings down 13% QoQ

ZIM reported before US market open on 16 Nov. Net profit was down 13% QoQ on sequentially lower freight rates, lower volume and higher costs particularly in chartering expenses. In the earnings call, the management mentioned that they have lower the signed freight rates in the existing contracts.

Services

Diamond Line revises TBX1

COSCO's intra-European feeder arm, Diamond Line, has revised its Turkey Black Sea Express 1 (TBX1) serrvice with a new call at Batumi in Georgia while the previous call at Poti is dropped. The revised TBX1 connects Piraeus, Ambarli, Batumi, Constantza, Varna, Piraeus, starting from 19 October 2022 with the 1,296 teu AS FATIMA that will be operated together with the 1,267 teu CONTSHIP JET on a 14 day rotation. The service made its maiden call at Batumi International Container Terminal (BICT) op

© 2024 Linerlytica (ver. 1.0.19). All rights reserved.
Liner Analytics Pte. Ltd.