All News

Ports

USEC port congestion worsening

US port congestion is rising again with worsening delays at US East Coast ports. The vessel queues at East Coast ports has grown to over 630,000 teu.

Ports

May YTD Volume Flat

Global port volumes remain robust in May despite early signs that volume growth has started to slow as rising inventory levels in the US and Europe and slowing consumer spending has resulted in a reduction in new orders from Asia.

Markets

Top 50 Liners

MSC is pulling further ahead from Maersk. CMA CGM and Evergreen also gaining market share.

Markets

Freight rates un-seasonally soft

Freight rates remain under pressure with peak season volumes yet to materialise. Rates are expected to remain soft until the end of July when carriers will try to push for a new round of rate increases.

MarketPulse

Market Pulse – 2022 Week 25

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202225] Freight rates remain under pressure with peak season volumes yet to materialise, while easing congestion in China and the US West Coast has also released more capacity to the market. Rates are expected to remain soft until the end of July when carriers will try to push for a new round of rate increases. Congestion is rising in the US East Coast and North Europe but it has not had a material impact on overall capacit

Services

X-Press launches WSX 2

X-Press Feeder launches WSX 2, the second West Coast South America service connecting Balboa, Guayaquil, Balboa. The new service will start on July 3 with 868 teu ship X-PRESS SHANNON.

Services

CMA CGM launches TURAF2

CMA CGM is launching Turkey North Africa Express 2 (TURAF2) covering Damietta, Marsaxlokk, Casablanca, Damietta on 21-day rotation. The new service will start on June 27 with AS SVENJA calling at Damietta.

Services

Containerships launches SCX

Containerships is launching SC Express (SCX) that calls Rotterdam, Teesport, Grangemouth, Rotterdam on weekly basis.

Services

Golden Sea resumes Yangon Express

Golden Sea, subsidiary of COSCO, has resumed Yangon Express (YGX) calling Singapore, Xiaochan Beach, Yangon, Singapore. The The service has started with Xiaochan Beach call on June 19 by the 1223 teu AS FENJA.

Services

MSC to launch Zephyr FE-USEC service, and upgrades 2 TP services

MSC is launching another independent FE-ECNA service, New Asia-US Gulf Coast and South Atlantic service (Zephyr), connecting Shanghai, Ningbo, Busan, Cristobal, Houston, Port Everglades, Savannah, Lazaro Cardenas, Shanghai.

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