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FESCO Indian Line connects India-Turkey-Russia

FESCO has introduced a new FESCO Indian Line West (FILW) service connecting Novorossiysk, Ambarli, Nhava Sheva, Mundra, Novorossiysk. The service will be operated on a fortnightly basis starting from 1 March 2023, with the first sailing expected to use the 1,440 teu GFS SAPPHIRE.


CMA CGM reshuffles West Africa services

CMA CGM will revise its Europe-West Africa and West Africa feeder service from March 2023. The Europe Afrique 3 (EURAF 3) service will be withdrawn from 10 April and the 4 ships of 1,600-1,740 teu will be redeployed on the WAZZAN. This service current calls at Algeciras, Tangier, Freetown, Monrovia, San Pedro, Banjul, Algeciras. The WAZZAN service will be upgraded from the 1,300 teu scale to 1,700 teu using some of the ships re-assigned from EURAF 3. The revised rotation will turn in 5 weeks c


OVP Shipping launched China-Baltic Sea Service to Russia

OVP Shipping has launched a new Baltic Sea direct service that connects Qingdao, Ningbo, Taicang, Nansha, St Petersburg, Qingdao. The service started on 16 January 2023 from Qingdao with the 3,081 teu STONEWELL GLORY. A second sailing is planned in February with the 1,878 teu ALLSEAS PIONEER but the voyage has been delayed due to vessel repairs. From the end of February 2023, OVP will also offer direct connections to St Petersburg through slots on the Safetrans service that will operate on a f


Reel Shipping launch Damietta-St Petersburg service

Reel Shipping has launched a new Damietta to St Petersburg service to take advantage of the high demand for Russian imports from Asia via transhipment at Damietta. The service started from 24 January 2023 and deploys 5 ships of 1,730 teu to 2,700 teu. Sailing frequencies are irregular at the moment, ranging from 2 days to 16 days. The service replaces a direct China-St Petersburg option that Reel Shipping initiated on 6 December 2022 when it made a single sailing with the 2,497 teu CERUS that


SeaLead replaces direct Transpacific service with new transhipment option

SeaLead has ended its direct services on the Transpacific connecting China with the US and replaced it with a transhipment option to the the US East Coast by transhipment via Damietta. SeaLead started its transpacific operations in August 2021 on the Asia-US West Coast and added a Asia-US East Coast service via the Panama Canal in March 2022. These services were operated on an irregular basis using ships of 3,500 to 7,000 teu. The direct transpacific connections have stopped since December 2022


Safetrans Line launch St Petersburg Direct Service from China

Safetrans Line will launch a new St Petersburg Direct Service from China. Safetrans is owned by Worldwide Logistics, in which Alibaba has a minority stake. The St Petersburg Direct Service will start from 27 February 2023 and will connect Qingdao, Shanghai, Ningbo, Nansha, Tangier (irregular), St Petersburg, Qingdao. Port rotation of the new Safetrans Line St Petersburg Direct ServiceIt will operate initially on a fortnightly basis with the intention to turn into a weekly service from April.


Transfar to exit transpacific trade

Transfar Shipping will stop its transpacific services from February 2023 after the 3 ships it currently deploys on the trade end their current voyages from the US East Coast. It had already ceased to operate on the US West Coast since December 2022. The 3,398 teu ZHONG GU SHAN DONG will phase out on 22 February 2023 at Laem Chabang. The 4,872 teu ZHONG GU FU JIAN will phase out on 20 March 2023 at Qingdao. The last ship, 4,389 teu ZHONG GU JI LIN will phase out on 3 April at Qingdao. All 3 shi


Market Pulse – 2023 Week08

Register Free Trial [] The sharp drop in transpacific capacity utilisation has weighed down market sentiment as carriers continue to drop rates in response even on routes where utilisation remain relatively healthy. Capacity management measures have been completely ineffective in halting the rate decline, as the expectation of a demand rebound is keeping capacity in the market for longer than required. The SCFI slipped by 2.1% last week, w

HMM group level profit dropped 47% QoQ in 4Q 2022

Hyundai Merchant Marine (HMM) reported preliminary group level results last Monday (13 Feb) after Market close. Group level net profit dropped 47% QoQ and 55% YoY. Comparing to the current cycle peak earnings, net profit has come down by 61%.  Though these results include the dry bulk and tanker operation of HMM, 93-95% of revenue and nearly 100% of earnings of HMM over the past 3 quarters came from container liner and  their related operation. Drop in the provide is primarily top line driven i.


Unifeeder expands to the Americas

Unifeeder has launched its first feeder service in the Americas with a new Dominican Feeder Service (DFS) connecting Caucedo, Port-au-Prince, San Juan, Caucedo. The DFS service will provide weekly connections between the Dominican Republic, Puerto Rico and Haiti starting from 12 March 2023 using the 974 teu ELBRUNNER (ex SEABOARD ATLANTIC). The Unifeeder group also includes Unimed, Feedertech, Perma, Transworld Feeders, Avana Logistek, and Avana Global networks that were acquired by DP World

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