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Unimed launch Egypt-Greece feeder service

Unimed, Unifeeder's Mediterranean feeder arm, has launched a new Egypt-Greece feeder service connecting Port Said, Piraeus, Port Said from 18 February 2024 using the 1,134 teu PAN GG for the first 2 sailings before it is replaced by the 1,129 teu EGY CROWN. The service will turn on a weekly basis and will call at the SCCT terminal at Port Said and PCT in Piraeus.


Arkas/EMES launch Spain Algeria Service (SAS)

EMES Feedering, the feeder operating arm of Arkas, has launched a new Spain Algeria Service (SAS) connecting Valencia, Algiers, Oran, Valencia from 15 February 2024 using the 698 teu ORION. The SAS service will turn in 10-14 days, with the call at Oran is omitted in the first 2 sailings. The Oran calls are scheduled to start from 13 March 2024.


Sidra Line adds Turkey Red Sea (TRS) service

Sidra Line has launched a new Turkey Red Sea (TRS) service from 10 February 2024 connecting Izmit, Ambarli, Iskenderun, Sokhna, Jeddah, Aden, Jeddah, Izmit. The service turns in 23 days and will deploy the 1,471 teu SIDRA AHLAM.


SeaLead adds Far East India Express 2 (FIX2) service

SeaLead will launch a new Far East India Express 2 (FIX2) service from 2 March 2024 connecting Ningbo, Xiamen, Shekou, Mundra, Port Klang, Ningbo. The service will turn in 5 weeks using 5 ships of 1,800-2,000 teu starting with the 1,930 teu BALTRUM, to be followed by 3 ships of 1,809 teu - ADAMASTOS, AVIOS, ASTRAIOS, with a 5th ship still to be named. The FIX2 service to the India West Coast will complement SeaLead's existing FIX1 service to the India East Coast calling at Qingdao, Shanghai, Ni


Unifeeder adds 3rd Americas feeder service to connect Aruba and Curacao

Unifeeder will add a new Aruba and Curacao feeder service connecting Cartagena, Oranjestad, Willemstad, Cartagena from 1 March 2024 with the 642 teu ELLA Y. SThe new service is Unifeeder's third Americas service, adding to the Panama-Colombia service launched in January 2024 connecting Manzanillo, Turbo, Cartagena, Barranquilla,Santa Marta, Cartagena, Manzanillo and the Hispaniola-Puerto Rico service launched in March 2023 connecting Caucedo, Port au Prince, San Juan, Caucedo.


SeaLead joins Blue Water Lines on Gulf India Express (GIX) service

SeaLead will join Blue Water Lines on the Gulf India Express (GIX) service calling at Mundra, Nhava Sheva, Sohar, Jebel Ali, Dammam, Mundra from 22 February 2024. The GIX was first launched in November 2023 by Blue Water Lines, owned by India's Abrao Group, using the 1,662 teu ABRAO COCHIN on a fortnightly frequency calling at Mundra, Nhava Sheva, Sohar, Dammam, Khalifa bin Salman, Jebel Ali, Mundra. The GIX will be upgraded to a weekly service with SeaLead adding the 1,560 teu TAICHUNG from 2


Spot Rates Mostly Held Up During CNY Holidays

There were no SCFI and CCFI publication last week due to the Chinese holidays but the WCI, Platts and FBX showed transpacific rates are largely holding to their pre-holiday gains. Smaller carriers such as Zim and Yang Ming have carried over their lower rates on offer, along with Maersk who has continued to push out preferential rates on selected sailings but the majority of the carriers have not slashed their spot rates knowing it will not generate additional bookings during the post-holiday sl


CoFIF a tick higher first day post Chinese New Year holidays

The CoFIF end April forward contracts (EC2404) closed 4% higher on 19 February 2024 on lower trading volumes after the 11 day break for the Chinese New Year holidays. Although the latest SCFIS Asia-North Europe index dropped 3.5% compared to their pre-holiday levels to 3,246, it remains at a significant premium of current forward levels with EC2404 closing at 2,190. Traders are still digesting the impact of continued tensions in the Red Sea and the freight rates development over the last two we


Transpacific trade growth rebound

Transpacific eastbound container volumes have rebounded by 16.9% in January 2024 and full year volumes are expected to record positive growth again after falling by 15.1% last year. Transpacific carriers have been able to take advantage of the strong cargo rebound with freight rates more than 200% higher compared to last year. The Top 3 carriers (COSCO, CMA CGM and Evergreen) have managed to retain their positions in January, and all 3 are members of the OCEAN Alliance who are poised  to stren


Market Pulse 2024 Week 08

Register Free Trial [] The bullish market sentiment has not been dampened by the Lunar New Year break with carriers still retaining most of their recent rates gains, defying the predictions of a post-holiday correction. Capacity is expected to remain tight in March due to the extended Red Sea diversions, with charter rates continuing to firm due to limited vessel availability. Unlike previous years when the idle fleet rises due to the post

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