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Services

COSCO, Evergreen & X-Press Feeders to enhance Mexico Central America (MCX) service

COSCO, Evergreen and X-Press Feeders will enhance their jointly operated Mexico Central America X-Press (MCX)/Latin America Express (LAE) service rotation effective mid-January 2022. 3 additional ports (Lazaro Cardenas, Puerto Quetzal, Corinto) are added, with the new rotation calling at Lazaro Cardenas, Manzanillo, Puerto Quetzal, Ajacutla, Corinto, San Lorenzo, Puerto Quetzal, Lazaro Cardenas. The service will continue to deploy 3 ships of 1,500-1,800 teu, with each carrier contribution one

Services

X-Press Feeders launch Germany Sweden X-Press (GSX)

X-Press Feeders have launched a new Germany Sweden X-Press (GSX) service on 18 January 2022 with the 509 teu ANNA G. The service calls at Bremerhaven, Hamburg, Sodertalje, Ahus, Bremerhaven on a weekly basis. Apart from regular feeder volumes to and from Sweden, the service will also cater for cross positioning of empty containers from Sodertalje to Ahus.

Services

Ocean Alliance announces Day 6 product offering

The Ocean Alliance partners – CMA CGM, COSCO, OOCL and Evergreen – have unveiled their revised service offering for the 2022-2023 season starting from April 2022, dubbed as the ‘Day 6 Product’ marking their 6th year of cooperation since the alliance was introduced in April 2017. This year, the 4 carriers will jointly provide 352 ships covering 42 services comprising of: * 23 Transpacific services * 2 Transatlantic services * 7 Asia-North Europe services * 4 Asia-Mediterranean services * 6

Companies

Maersk beats its own earnings forecast

"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

Markets

Container Shipping 2021 : Year in Review

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

Services

Top 15 Carriers: Evolution of Capacity Operated

Top 15 Carriers: Evolution of Capacity Operated

Services

Kaiso Line pioneers direct Indonesia-India/Middle East link

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

Services

X-Press Feeders/Transworld Feeders add Pipavav call on Nhava Sheva Mundra Gulf (NMG) Service

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

Services

Zim/GSL to launch a 3rd China-Australia service (C3A)

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

Companies

SM Group builds stake in HMM after SM Line's failed IPO attempt

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

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