"The strong result in the quarter reflects the continuation of the exceptional market situation within Ocean caused by the global disruptions to the supply chains, which have led to further increase in container freight rates." Maersk new release, 14 January 2022
Container freight rates ended the year at record highs, with both the CCFI and SCFI rate indices reaching hitherto uncharted territories. The CCFI was up 102% at year end, and 166% on average over the full year 2021 as vessel capacity was tight throughout the year due to persistently high demand and soaring port congestion. Although the global containership fleet grew by 4.5% to reach 25.13m TEU by the end of 2021, the effective capacity shrank as a result of port congestion and longer port sta
Top 15 Carriers: Evolution of Capacity Operated
The newly established Indonesian carrier Kaiso Line has launched a direct Indonesia to the Indian subcontinent and Middle East with the launch of its new Kaiso Persian Gulf (KPG) service. The service was first launched on 25 November 2021 with the 724 teu ATLANTIC PIONEER. The KPG service calls at Jakarta, Colombo, Nhava Sheva, Karachi, Jebel Ali, Dammam, Mundra, Jakarta on a monthly interval. Kaiso Line says that more ships will be added to in 2022 to upgrade the service to a weekly frequency
X-Press Feeders and Transworld Feeders have added a new call at Pipavav on the Nhava Sheva Mundra Gulf X-Press (NMG) service. The new NMG rotation will call Jebel Ali, Sohar, Pipavav, Nhava Sheva, Mundra, Jebel Ali. The first Pipavav was made on 5 January 2022 by the 2,764 teu TSS SHAMS, with the second vessel the 2,826 teu X-PRESS EUPHRATES to make the next call on 13 January 2022. The NMG rotation before the addition of the new Pipavav call in Jan 2022
Zim/Gold Star Line will launch a 3rd service connecting China and Australia in March 2022, dubbed North China Australia Express (C3A). It follows the China Australia Express (CAX) launched in October 2020 and the China-Australia 2nd Express (C2A) in December 2020. The CAX serves Haiphong, Xiamen, Ningbo and Shanghai while the C2A is serves Port Klang, Laem Chabang, Ho Chi Minh City, Nansha and Yantian. Both of these services connect to Sydney, Melbourne and Brisbane The C3A will add direct con
The Samra Midas (SM) group has built a small stake in HMM, after its wholly owned subsidiary SM Line added 613,438 shares in HMM for $14m on 29 December 2021, bringing its holdings to 2.41m shares or 0.49%. Another SM Group company, bulk carrier operator Korea Shipping holds 2.15m HMM shares, or 0.44%, bring the SM Group's total shareholdings in HMM to 0.93%. The move comes after SM Line ditched plans to raise up to KRW 846 Bn ($722m) from an initial public offering (IPO) on 3 November 2021. SM
The new China-USWC service branded as SEAX by COSCO and Pacific China South Express (PCSX) by OOCL will be the largest independent transpacific service operated outside of the 3 Alliances' network. The service calls at Shanghai, Fuzhou, Xiamen, Yantian, Long Beach, Shanghai using 6 ships of 10,000 to 14,600 teu. The first sailing was made on 20 November. At Long Beach, the service will call at LBCT where it will not face the long queues that other carriers are facing at San Pedro Bay ports. CO
X-Press Feeders have launched a new feeder service connnecting Singapore and Jakarta (SJX1). The service was launched on 13 December 2021 at Singapore with the X-PRESS NILWALA. The ship was replaced by the 1,794 teu HAIAN MIND on 21 December before the 1,730 teu SMILEY LADY takes over on 12 Januaey 2022. The SJX1 service calls at Koja terminal in Jakarta with a Sat/Sun berthing window
Asean Seas Line (ASL) has launched a new South China-Danang Express (BDX) service that connects Nansha, Hong Kong, Shekou, Danang, Nansha on a weekly basis, with the first sailing made by the 357 teu HUA KAI on 28 December 2021 from Nansha.