PIL will launch a new Thailand China Vietnam (TCV) service calling at Laem Chabang, Qinzhou, Haiphong, Ho Chi Minh City, Laem Chabang. The service will start from 3 June from Laem Chabang with the 777 teu KOTA RATNA. The service will turn in 2 weeks, with sailings provided every fortnight. A second ship is expected to be added later with the frequency to be upgraded to weekly.
Jin Jiang Shipping (JJS) and SITC will launch a new service connecting Shanghai, Nansha, Bangkok, Laem Chabang, Ho Chi Minh City, Shanghai using 3 ships of 1,600 teu. The service will start on 1 Jun from Shanghai with the 1,608 teu HE JIN from Jin Jiang Shipping and is branded as the China Thailand Express 2 (CTX2) by JJS and Vietnam Thailand Express 5 (VTX5) by SITC.
Global port congestion remains elevated, with no material improvements seen in key hotspots over the past week. North American port congestion is inching upwards again after a brief respite, with both West Coast and East Coast ports recording higher congestion levels last week.
CMA CGM will relaunch its Indian Ocean Feeder 3 (IO Feeder 3) service that connects Pointe des Galets, Port Louis, Tamatave, Pointe des Galets, Longoni, Pointe des Galets on a fortnightly basis, linking the 3 Indian Ocean nations of Mauritius and Madagascar with the French overseas department of Reunion. The service started on 22 May 2022 with the 673 teu general cargo vessel APALOS that was recently chartered by CMA CGM. This ship was previously trading in the tramp market. CMA CGM's Indian
Maersk, Hapag-Lloyd and ONE will cooperate on the US West Coast-Central America route through a joint service arrangement on 2 existing services starting from the end of June 2022. Maersk, through its Sealand subsidiary, will join the MAREX/CCE service currently operated by Hapag-Lloyd and ONE, replacing one of the 2,800 teu ships from ONE, with the 3 partners to operate one ship each on the service that calls at Los Angeles, Mazatlan, Manzanillo, Lazaro Cardenas, Acajutla, Corinto, Caldera, Pu
Chinese port volumes were surprisingly resilient in April, with overall container volumes dropping by just 0.2% YoY last month despite the extended lockdowns in Shanghai that brought down the main Chinese port’s throughput by 17.0% YoY.
X-Press Feeders is launching Ireland-Baltic X-Press (IBX) service with Motivation D's call at Rotterdam on 9th June.
X-Press Feeders is launching a new Baltic service called Benelux Baltic X-Press service (BBX 2), starting with Atlantis A's call at Rotterdam on 28 May.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202220] The SCFI finally reversed 18 consecutive weekly rate declines, but the rebound remain unconvincing, with a further boost in demand needed to lift market sentiment in the coming weeks. Disappointing results announced by the major US retailers suggest consumer demand could be waning although signals remain mixed at the moment. The market will be boosted by China’s reopening, with Shanghai due to end lockdowns on 1 Jun
Active fleet steady in past week. More ships entered yards for retrofits, after 2-year delay on the extraordinary earning up cycle.