China United is launching new service that connect South China and Philippines with OSG BEAUTEC's call at Nansha on July 2.
MSC launched Adriatic To Turkey, Israel and Eqypt, which will replace the previous Turkey Israel Shuttle with additional call at ports in Italy and Turkey. The serviced started with MSC SHEILA's Ashdod call on Jun 1.
Taiwanese liners' May top line came out flat MoM, again reassuring that impacts during the Shanghai lockdown were minimal for the liners.
TP eastbound volume may not have collapsed as some may believe these two days. Utilization for vessels heading to North America has been healthy since end of May. The number of sailings have dropped in the last two weeks but schedule slippage and bunching have been the norm since 2020
Global port congestion remains elevated, with an increase in congestion seen in eastern and northern Chinese ports last week mainly around Ningbo and Qingdao. Although the terminals in Shanghai are operating normally, they remain below full capacity due to manpower shortages.
Mexico has been a key beneficiary of the container traffic boom in the last 2 years where Mexican ports have enjoyed a significant spillover of North American cargo demand
Transit time performance were mixed in the 4 main trades last week, with improvements seen in the PSW and USEC ports but worsening waiting times in the PNW as well as the North European and Med ports.
Average capacity is 17.7% higher to the USEC compared to a year ago, with cargo diversions from the USWC continuing in anticipation of a potential disruption at the west coast gateway ports from the ILWU contract negotiations.
There is still more capacity increases expected in the next 3 weeks, with an average of over 330,00 teu expected in June, comparing to 287,000 teu in last week. As highlighted previously, carriers are not removing any capacity on the European trade despite clear signs of demand softness.
Average capacity in the last 13 weeks has inched up 0.4% higher compared to the same period last year, as the easing congestion in LA/LB have encouraged the new carriers including CUL, BAL, TS Lines, Sea-Lead, Transfar and Swire to add capacity on this route