All News

Services

Far Shipping Started Kelang Chittagong Singapore Service

Far Shipping started a new Strait-Bengal shuttle calling at Singapore, Chittagong, Port Klang, Singapore. The service started with 1746 teu KAPITAN MASLOV at Singapore on 1 July 2022. The service currently runs on a fortnightly frequency using a single ship on a 14-days round trip.

Markets

Capacity Deployment - Wk27

Average FE-WCNA capacity over the last 13 weeks stands at 314,332 teu, which is 4.9% lower than the same period last year while the average FE-ECNA capacity during the same period was up 18% YoY.

Companies

June Revenue Strong

Taiwanese carriers' monthly revenue up 6% MoM in June and, on quarterly basis, 22Q2 was flat comparing to 22Q1, a trend consistent with the top line reported by OOIL earlier.

Ports

Eastern China Port Volume Rebounding

Total volumes in the twin Eastern China main ports of Shanghai and Ningbo rebounded in June, posting a month on month increase of 2.3% compared to May and a 0.1% increase year on year compared to June 2021.

Services

Wan Hai started another FE-WCCA service

Wanhai is launching Asia - South America III Service (AS3), another FE-WCCA service, connecting Shekou, Hong Kong, Ensenada, Manzanillo (Mexico), Shekou in 42 days

MarketPulse

Market Pulse – 2022 Week 27

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202227] Spot freight rates have continued to soften last week with space now open on the Transpacific and Asia Europe routes with only the South American routes seeing high demand. Further rate discounting by carriers are expected for the rest of July, with demand remaining soft despite significant schedule slippage with up to 20% of total capacity on linehaul routes being delayed due to persistent congestion at both origin

Services

Medkon launches TRS

Medkon launches Turkey Russia Service (TRS) connecting Ashdod, Evyap, Mardas, Novorossiysk, Evyap, Ashdod

Services

MSC launches Burma service

MSC launches service connecting Yangon, Singapore and Tanjung Pelepas. The service will start with 1083 teu MSC SUPARNA F calling Singapore on July 16.

Services

MSC resumes Korea-Japan service

MSC's Kaguaya service connecting Korea and Japan will start on July 5 with Busan call.

Companies

Another strong results for OOIL

OOIL's 22H1 revenue was $1.25bn bn higher than that in 21H2. Given the $1.25bn increase came mostly from HoH higher freight rates, most of such increase could show up in the net profit.

© 2022 Linerlytica. All rights reserved.