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Market Pulse – 2022 Week 10

Download Full Report [] MARKET BRIEF – 2022 WEEK 10 Spot freight rates dropped for the 9th consecutive week, with further falls expected in the next 2 weeks as carriers were unable to push through with mid-March rate increases amidst soft volumes across all main tradelanes. The weakness has not deterred carriers from chasing tonnage as charter rates and resale prices continued to rise, and fresh ship orders have been unv


Meratus continues international expansion with launch of China Indonesia Express service

Meratus has launched a new China Indonesia Express (CIX) service connecting directly Jakarta, Semarang and Surabaya to Qingdao and Shanghai. The service started on 14 March 2022 with the 1,301 teu MERATUS SORONG and the 1,129 teu MERATUS MEDAN 1. The CIX service will be operated on a fortnightly basis. The launch continues Meratus international expansion outside of its core Indonesia domestic services. The Indonesian carrier also launch a new Java Malaysia Express (JMX) service connecting Jakar


Hapag-Lloyd acquires DAL

Hapag-Lloyd announced on 10 March 2022 that it has signed an agreement to acquire the container shipping business of Deutsche Afrika-Linien (DAL), subject to regulatory approvals. (Updated : Hapag-Lloyd announced on 1 June 2022 that the acquisition has been finalised after securing the approval of anti-trust authorities.) The Hamburg headquartered DAL owns a single 6,589 teu container ship DAL KALAHARI and operates a container fleet of 17,800 owned and leased container which will be taken ov


ZIM’s 21Q4: better than expected on top line

The beat came mainly from the higher freight rates (+12% QoQ versus ours 7% QoQ) secured by ZIM during the past quarter, which leads to $400m higher top line.


MSC revises Europe-East Med routing

MSC will revise the rotation of two North Europe-East Med services after it ends its cooperation with Zim on this trade from the end of March 2022. The revision will involve the Israel Express /NE1 service that was jointly operated by MSC and Zim and currently calls at Felixstowe, Hamburg, Rotterdam, Antwerp, Le Havre, Limassol, Ashdod, Haifa, Ashdod, Valencia, Felixstowe using 5 ships of 5,500 to 6,700 teu, of which 2 ships are contributed by ZIM and 3 ships by MSC. The last sailing of the joi


Zim to launch new SE Asia-USEC ZXB service

Zim will launch a new ZIM Ecommerce Baltimore Express (ZXB) service that calls at Yantian, Cai Mep, Baltimore, New York, Boston, Yantian. The service will be operated initially on a fortnightly basis using 5 ships of 2,700-3,400 teu on a 70 days rotation and will be upgraded to a weekly frequency at a later date. The first sailing will be on 8 April with the 3,100 teu MH GREEN.


Market Pulse – 2022 Week 9

Download Full Report [] MARKET BRIEF – 2022 WEEK 9 Freight rates remained soft last week as carriers were unable to push through the 1 March rate increases, with the SCFI recording its 8th consecutive weekly drop. Volumes remain soft with carriers still hoping for a pick up in demand in late March/early April in order to push for the next round of rate increases. Port congestion remains steady, with the Ukraine-Russia c


TS Lines enters Asia-Europe trade in partnership with CUL

TS Lines will be the latest new entrant to the Asia-Europe trade when it joins CUL as a vessel operator on the latter's Asia Europe Express (AEX) service on 17 March 2022. TS Lines will deploy the 4,380 teu TS SINGAPORE on the AEX, joining 5 other ships from CUL of 4,000-4,400 teu. The service calls at Ningbo, Shanghai, Xiamen, Shekou, Tilbury, Rotterdam, Hamburg, Antwerp, Ningbo with ad-hoc calls added on inducement at Qingdao, Yantian and Ho Chi Minh City.


PIL confirms order for 4 new 14,400 teu ships

PIL has confirmed an order for 4 new ships of 14,400 teu at Jiangnan Shipyard Group on 4 March 2022, its first new ship order since 2015. The 4 ships will be quipped with dual-fuel engines to run on both LNG and low sulphur fuel oil and will be delivered from the 2nd half of 2024 to 1st half 2025. PIL's last ship order was made in 2015 when it ordered 12 ships of 11,923 teu at Yangzijiang. They sold 8 of these ships in 2020 due to financial difficulties, but it has since recovered from its de


SeaLead to launch US East Coast service

SeaLead Shipping will launch a new Asia-US East Coast (AEC) service from 6 March 2022 with 6,661 teu HAKUNA MATATA. The irregular service will deploy 3 ships 6,700 to 7,000 teu and call at Nansha, Ningbo, Qingdao, Busan, Norfolk, Newark, Charleston, Jacksonville, Nansha. It had earlier sent the 6,966 teu TIMON on an ad-hoc USEC trip in January. The ships will be drawn from Sea Lead's existing services on the Asia-US West Coast and Asia-Middle East routes. Sea Lead has been running ad hoc loader

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