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.
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.
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.
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.
Wanhai is launching Asia - South America III Service (AS3), another FE-WCCA service, connecting Shekou, Hong Kong, Ensenada, Manzanillo (Mexico), Shekou in 42 days
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
Medkon launches Turkey Russia Service (TRS) connecting Ashdod, Evyap, Mardas, Novorossiysk, Evyap, Ashdod
MSC launches service connecting Yangon, Singapore and Tanjung Pelepas. The service will start with 1083 teu MSC SUPARNA F calling Singapore on July 16.
MSC's Kaguaya service connecting Korea and Japan will start on July 5 with Busan call.
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.