Capacity utilization has not collapsed as suggested by Freightwaves but the average utilization has trended lower than usual seasonal patterns, partly due to the increased capacity available.
overall capacity on transpacific routes have increased materially in the past week and has outpaced demand as some carriers are offering rates below $7,000/feu to the West Coast
The containership orderbook has reached 29.2% of the existing fleet following the latest series of new ship orders by MSC, CMA CGM and ONE over the past month. This is the highest orderbook ratio since 2010...
Global port volumes for May have been adjusted upwards due to stronger than expected performances in China and the US. Latest projections for May show a 3.7% month on month rebound compared to April, and a year on year drop of just -0.7% compared to May 2021.
Chinese container port volumes rebounded sharply in May, recovering by 7.1% compared to the weak April numbers and a 3.9% gain year on year.
PIL, WHL and YM will launch West Coast South America 6 (WS6), a weekly service connecting Ningbo, Shanghai, Qingdao, Busan, Manzanillo (Mexico), Lazaro Cardenas, Puerto Quetzal, Buenaventura, Valparaiso, Ningbo. The service will start with 4,662 teu YM ENLIGHTENMENT calling Ningbo on 13 July.
Kalypso Compagnia di Navigazione, the new shipping line of of the Rif Line Group, has launched 2 separate Asia to Italy services. The Marco Polo service calls at Taicang, Dachan Bay, Jakarta, Salerno, Civitavecchia, Taicang using 3 to 4 ships of 1,300-3,000 teu on a 8 week rotation, with sailings offered every 2-4 weeks. The new service was launched on 18 April 2022 as an enhancement of its previous Civitavecchia Express service that was first introduced by Rif Line in August 2021. The Jakarta
Global port congestion increased to 12.4% as at 19 June 2022, with congestion picking up again in Chinese ports especially around Ningbo, Shanghai and Qingdao.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202224] Spot freight rates fell last week with recession fears dampening peak season demand. Although demand is picking up, overall capacity on transpacific routes have increased materially in the past week and has outpaced demand as some carriers are offering rates below $7,000/feu to the West Coast. The window for the next transpacific rate hike has been pushed back to mid-July, but its success will depend on how strong ca
CNC, PIL and RCL will launch a new weekly service connecting Xingang, Dalian, Incheon, Qingdao, Shanghai, Laem Chabang, Ho Chi Minh City using four ships of 2,400-2,800 teu. The service will start at Xingang on 1 July with the 2,478 teu APL CAIRO.