All News


Zim launches new Yangon Star service

Zim will launch a new weekly Yangon Star (YGS) service that will connect Nansha, Port Klang, Yangon, Port Klang, Nansha using three ships of 1,100 teu. The first sailing is scheduled on 26 February from Nansha with the 1,134 teu ASIATIC KING. The service will allow connections to and from Yangon with transhipment at Nansha and Port Klang.


23 South Korea-SE Asia carriers fined

The Korean Fair Trade Commission has imposed a fine of KRW 96.23B on 23 carriers operating on the South Korea-Southeast Asia route. The decision and corrective order were announced on 18 January 2022 and pertains to price fixing allegations against the carriers on the SE Asia route between 2003 and 2018 through the IADA (Intra-Asia Discussion Agreement) and the Korea-Southeast Asian Shipping Association (Dongjeonghyeop). The FTC investigation found 120 cases of price setting conducted through a


MSC adds SE Asia-Australia extra loaders

MSC has launched 2 adhoc services linking linking Australia to Southeast Asia hub ports to cater to cargo overflows since December. The KANGAROO service links Singapore and Tanjung Pelepas to Melbourne, Sydney and BRISBANE on irregular rotations using ships of 1,100 to 5,000 teu. The KOALA service is a new service that connects Singapore and Tanjung Pelepas to Fremantle, with ad hoc calls at Jakarta also added on an irregular basis. The 2,602 teu BOMAR RESILIENT is currently deployed on this se


Zim adds 3rd ship on Trans-Tasmanian Service

Zim has added a third ship on the trans-Tasmanian service that will provide relay connections between Melbourne and Sydney to various ports in New Zealand. The new service is named as Third Loop New Zealand to Australia (N3A) and calls at Melbourne, Sydney, Auckland, Lyttelton, Napier, Melbourne. It will deploy the 1,118 teu CONTSHIP ONO with the first sailing from Melbourne on 26 January 2022 with one sailing every 3 weeks. The service will complement the 2 ships on its New Zealand to Australi


SITC fleet expansion gets underway

SITC has received the first of 21 new containerships due to be delivered to the intra-Asia specialist. The 2,433 teu SITC DECHENG was delivered at Yangzijiang Shipbuilding on 12 January 2022. The SITC DECHENG will join the China Philippines CPX6 serviceThe ship is the first of a series of 4 ships due for delivery in the first half of 2022. In addition to these ships, SITC will receive 10 ships of 1,800 teu and 5 ships of 2,600 teu from Yangzijiang this year, and 2 ships of 1,023 teu from Daesun


COSCO, Evergreen & X-Press Feeders to enhance Mexico Central America (MCX) service

COSCO, Evergreen and X-Press Feeders will enhance their jointly operated Mexico Central America X-Press (MCX)/Latin America Express (LAE) service rotation effective mid-January 2022. 3 additional ports (Lazaro Cardenas, Puerto Quetzal, Corinto) are added, with the new rotation calling at Lazaro Cardenas, Manzanillo, Puerto Quetzal, Ajacutla, Corinto, San Lorenzo, Puerto Quetzal, Lazaro Cardenas. The service will continue to deploy 3 ships of 1,500-1,800 teu, with each carrier contribution one


X-Press Feeders launch Germany Sweden X-Press (GSX)

X-Press Feeders have launched a new Germany Sweden X-Press (GSX) service on 18 January 2022 with the 509 teu ANNA G. The service calls at Bremerhaven, Hamburg, Sodertalje, Ahus, Bremerhaven on a weekly basis. Apart from regular feeder volumes to and from Sweden, the service will also cater for cross positioning of empty containers from Sodertalje to Ahus.


Ocean Alliance announces Day 6 product offering

The Ocean Alliance partners – CMA CGM, COSCO, OOCL and Evergreen – have unveiled their revised service offering for the 2022-2023 season starting from April 2022, dubbed as the ‘Day 6 Product’ marking their 6th year of cooperation since the alliance was introduced in April 2017. This year, the 4 carriers will jointly provide 352 ships covering 42 services comprising of: * 23 Transpacific services * 2 Transatlantic services * 7 Asia-North Europe services * 4 Asia-Mediterranean services * 6


Maersk beats its own earnings forecast

"The strong result in the quarter reflects the continuation of the exceptional market situation within Ocean caused by the global disruptions to the supply chains, which have led to further increase in container freight rates." Maersk new release, 14 January 2022


Container Shipping 2021 : Year in Review

Container freight rates ended the year at record highs, with both the CCFI and SCFI rate indices reaching hitherto uncharted territories. The CCFI was up 102% at year end, and 166% on average over the full year 2021 as vessel capacity was tight throughout the year due to persistently high demand and soaring port congestion. Although the global containership fleet grew by 4.5% to reach 25.13m TEU by the end of 2021, the effective capacity shrank as a result of port congestion and longer port sta

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