PIL has announced that it will cease to use the Advance Container Line (ACL) brand name from 15 March 2022. ACL was established in 1995 by PIL to provide container feeder services in Southeast Asia and Indian sub-continent. These services were provided in conjunction with various partners including Samudera, HR Lines, GSL, COSCO, OOCL, MTT Shipping, ONE, Evergreen and CNC. Apart from PIL's own feeder cargoes, ACL also provided feeder services to other Main Line Operators (MLOs). All of its e
Allseas has received its first long term chartered ship the 1,878 teu ALLSEAS PIONEER that will be deployed on its China Xpress (CEX) service that connects Ningbo, Dongguan and Liverpool starting from 10 March 2022. The service was first introduced by Allseas in April 2021 and had previous relied on various short term charters using mainly multi-purpose cargo ships. The ALLSEAS PIONEER (ex HUA MAO 369, VALDIVIA) is a general cargo vessel built in 2003 that has been modified in the last 2 months
RCL will launch a new feeder service connecting Singapore and Surabaya. The RSU1 service is expected to start on 13 March 2022 and it will deploy the 1,108 teu MITRA BHUM to shuttle between the two ports.
Download Full Report [https://www.linerlytica.com/uploads/Linerlytica-MP08.pdf?utm_source=W202208] MARKET BRIEF - 2022 WEEK 8 The Ukraine crisis has no immediate impact on the container markets even though spot freight rates dropped broadly albeit marginally last week, with Asian export volumes still not strong enough to prevent rates from falling. Although some carriers have announced early March rate increases, most carriers have extended their rates until Mid-March before they push for furth
Zim has unveiled its new ZIM MED PACIFIC (ZMP) pendulum service that will connect the Asia-PNW and Asia-East Med trade. The ZMP will start on 1 April 2022 and will call at Busan, Vancouver, Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Port Klang, Haifa, Ambarli, Izmit, Port Klang, Cai Mep, Dachan Bay, Yantian, Xiamen, Ningbo, Shanghai, Busan. It will deploy 15 ships of 3,400 to 4,300 teu and replaces ZIM’s current participation on the 2M services covering the ‘TP-8/Orient’ service to PNW and
Asean Seas Lines will revise 2 of its South China to Central and Northern Vietnam services, with CNC taking slots. The Hong Kong Danang Service (HDS) will start on 28 February 2022 and call at Hong Kong, Shekou, Nansha, Danang, Hong Kong with the 357 teu HUA KAI. The Hong Kong Haiphong Express 5 (HHX5) will start from 7 March 2022 and call at Qinzhou, Hong Kong, Nansha, Haiphong, Qinzhou with the 599 teu FAR EAST CHEER.
Hapag-Lloyd, ONE and ZIM will upgrade their jointly operated Asia-East Africa service (EA3/EAF/CEA) by splitting it into 2 weekly services that will serve Mombasa and Dar Es Salaam separately. The service will incorporate PIL's independently operated EAS service in a new partnership. The Mombasa loop (EAS3/EA3/EAS) will start on 13 March 2022 and call at Qingdao, Shanghai, Ningbo, Nansha, Singapore, Port Klang, Mombasa, Port Klang, Singapore, Nansha, Qingdao. The Dar Es Salaam loop (EAS4/EA4/
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Download Full Report [https://www.linerlytica.com/uploads/Linerlytica-MP07.pdf?utm_source=W202207] MARKET BRIEF - 2022 WEEK 7 Spot freight rates weathered the post Chinese New Year period relatively well despite marginal falls on the SCFI spot rates last week due to weaker Australia and Latin America rates. Asia Europe rates also weakened slightly but Transpacific rates were mostly unchanged due to persistent port congestion that is holding up 11.6% of total capacity. Charter rates strengthened
ZIM’s strong QoQ earning growth may pause in the 21Q4 results to be announced in March. The financial market analysts expect ZIM to deliver another 10-15% QoQ growth against our estimate of potentially 15% QoQ drop in 21Q4 net profit. First, volume carried by ZIM could be lower than expected.