Download Full Report [https://www.linerlytica.com/uploads/Linerlytica-MP09.pdf?utm_source=W202209] MARKET BRIEF – 2022 WEEK 9 Freight rates remained soft last week as carriers were unable to push through the 1 March rate increases, with the SCFI recording its 8th consecutive weekly drop. Volumes remain soft with carriers still hoping for a pick up in demand in late March/early April in order to push for the next round of rate increases. Port congestion remains steady, with the Ukraine-Russia c
TS Lines will be the latest new entrant to the Asia-Europe trade when it joins CUL as a vessel operator on the latter's Asia Europe Express (AEX) service on 17 March 2022. TS Lines will deploy the 4,380 teu TS SINGAPORE on the AEX, joining 5 other ships from CUL of 4,000-4,400 teu. The service calls at Ningbo, Shanghai, Xiamen, Shekou, Tilbury, Rotterdam, Hamburg, Antwerp, Ningbo with ad-hoc calls added on inducement at Qingdao, Yantian and Ho Chi Minh City.
PIL has confirmed an order for 4 new ships of 14,400 teu at Jiangnan Shipyard Group on 4 March 2022, its first new ship order since 2015. The 4 ships will be quipped with dual-fuel engines to run on both LNG and low sulphur fuel oil and will be delivered from the 2nd half of 2024 to 1st half 2025. PIL's last ship order was made in 2015 when it ordered 12 ships of 11,923 teu at Yangzijiang. They sold 8 of these ships in 2020 due to financial difficulties, but it has since recovered from its de
SeaLead Shipping will launch a new Asia-US East Coast (AEC) service from 6 March 2022 with 6,661 teu HAKUNA MATATA. The irregular service will deploy 3 ships 6,700 to 7,000 teu and call at Nansha, Ningbo, Qingdao, Busan, Norfolk, Newark, Charleston, Jacksonville, Nansha. It had earlier sent the 6,966 teu TIMON on an ad-hoc USEC trip in January. The ships will be drawn from Sea Lead's existing services on the Asia-US West Coast and Asia-Middle East routes. Sea Lead has been running ad hoc loader
PIL has announced that it will cease to use the Advance Container Line (ACL) brand name from 15 March 2022. ACL was established in 1995 by PIL to provide container feeder services in Southeast Asia and Indian sub-continent. These services were provided in conjunction with various partners including Samudera, HR Lines, GSL, COSCO, OOCL, MTT Shipping, ONE, Evergreen and CNC. Apart from PIL's own feeder cargoes, ACL also provided feeder services to other Main Line Operators (MLOs). All of its e
Allseas has received its first long term chartered ship the 1,878 teu ALLSEAS PIONEER that will be deployed on its China Xpress (CEX) service that connects Ningbo, Dongguan and Liverpool starting from 10 March 2022. The service was first introduced by Allseas in April 2021 and had previous relied on various short term charters using mainly multi-purpose cargo ships. The ALLSEAS PIONEER (ex HUA MAO 369, VALDIVIA) is a general cargo vessel built in 2003 that has been modified in the last 2 months
RCL will launch a new feeder service connecting Singapore and Surabaya. The RSU1 service is expected to start on 13 March 2022 and it will deploy the 1,108 teu MITRA BHUM to shuttle between the two ports.
Download Full Report [https://www.linerlytica.com/uploads/Linerlytica-MP08.pdf?utm_source=W202208] MARKET BRIEF - 2022 WEEK 8 The Ukraine crisis has no immediate impact on the container markets even though spot freight rates dropped broadly albeit marginally last week, with Asian export volumes still not strong enough to prevent rates from falling. Although some carriers have announced early March rate increases, most carriers have extended their rates until Mid-March before they push for furth
Zim has unveiled its new ZIM MED PACIFIC (ZMP) pendulum service that will connect the Asia-PNW and Asia-East Med trade. The ZMP will start on 1 April 2022 and will call at Busan, Vancouver, Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Port Klang, Haifa, Ambarli, Izmit, Port Klang, Cai Mep, Dachan Bay, Yantian, Xiamen, Ningbo, Shanghai, Busan. It will deploy 15 ships of 3,400 to 4,300 teu and replaces ZIM’s current participation on the 2M services covering the ‘TP-8/Orient’ service to PNW and
Asean Seas Lines will revise 2 of its South China to Central and Northern Vietnam services, with CNC taking slots. The Hong Kong Danang Service (HDS) will start on 28 February 2022 and call at Hong Kong, Shekou, Nansha, Danang, Hong Kong with the 357 teu HUA KAI. The Hong Kong Haiphong Express 5 (HHX5) will start from 7 March 2022 and call at Qinzhou, Hong Kong, Nansha, Haiphong, Qinzhou with the 599 teu FAR EAST CHEER.