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Hapag-Lloyd withdraws China-Germany (CGX) service, adds Wilhemshaven call on FE2

Hapag-Lloyd will withdraw its China-Germany Express (CGX) service with the last sailing scheduled to depart from Shanghai on 1 February 2023 with the 4,043 teu LIMARI. The service was first launched on 9 April 2022 as a 2 port shuttle service connecting Dachan Bay and Wilhemshaven to turn in 56 days, offering a direct weekly link from China to Germany with a one way transit time of 27 days. The original plan to call at Hamburg was replaced by the call at Wilhemshaven before the launch due to

MarketPulse

Market Pulse – 2023 Week03

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202303] Capacity pressure is building up with the active containership fleet reaching its highest levels since 2020 on easing port congestion, reduced vessel idling and drydocking, coupled with a fresh influx of new ship deliveries. Total deliveries are expected to reach 2.5m teu this year, with no material delays expected and close to no order cancellations. Freight rates continued to drop, with the pre Chinese New Year ru

Services

CMA CGM/CNC relaunches the Nine Provinces Feeder (NPF)

CMA CGM's intra-Asia arm CNC is relaunching the Nine Provinces Feeder (NPF) service that connects the North Asia hub of Busan with 5 Japanese ports in Kyushu. The relaunched service started on 9 January 2023 at Busan with the 724 teu ATLANTIC BRIDGE and will call weekly at Busan, Hakata, Shibushi, Hososhima, Oita, Moji, Hakata and Busan. The service will provide transhipment connections to CMA CGM and CNC's network at Busan. The service was first launched in January 2020 with a similar rotatio

Services

Zim/GSL upgrades CAX service

Zim and Gold Star Line (GSL) is upgrading its China Australia Express (CAX) service with the addition of new southbound calls at Nansha and Yantian, while the northbound call at Haiphong will be dropped. The revised CAX rotation will call at Shanghai, Ningbo, Xiamen, Nansha, Yantian, Sydney, Melbourne, Brisbane, Shanghai starting from 3 January 2023. The service will turn in 8 weeks, using up to 8 ships of 1,700 to 2,800 teu.

Services

Zim/GSL extends China Thailand Vietnam CT3 service

Zim/Gold Star Line is adding more port calls on the China Thailand Vietnam III (CT3) that will extend the service to reach North Asia from January 2023. The CT3 was launched on 25 November 2022 and had initially called at Ningbo, Xiamen, Nangha, Laem Chabang, Bangkok, Laem Chabang, Haiphong, Yantian, Nansha, Ningbo using 3 ships of 1,700-2,000 teu. The service will be extended to call at Xingang, Dalian, Qingdao, Shanghai, Ningbo, Nansha, Sihanoukville, Bangkok, Laem Chabang, Haiphong, Yantia

Maersk

Container Liner Earnings Release Schedule

Container liners Q4 earnings report will likely be a turning point of this earning cycle, underlined by the 45% QoQ drop in average CCFI index. Listed Taiwanese liners have released their revenue report in the second week of January. The up coming liner revenue or earning reports IF they follow last year's release schedule would be as follows (last year release date): 1. Maersk preliminary results (14 Jan); 2. Matson profit alert (19 Jan); 3. OOCL operating updates (24 Jan); 4. COSCO prof

Services

Ellerman to end GB Express Asia-Europe service

Ellerman has made its final voyage on the GB Express service connecting Taicang, Ningbo, Dachan Bay, Ho Chi Minh City, Tilbury with the last sailing made by the 2,464 teu BUXHANSA that departed from Taicang on 11 January 2023, with additional calls at Salerno, Alicante and Casablanca planned enroute before the scheduled arrival at Tilbury on 13 February 2023. Ellerman has shifted 4 of the ships (5,060 teu SC MARA, 3,534 teu MONA LISA, 2,872 teu WINDSWEPT and 2,756 teu CAPE HELLAS) previously de

Services

BAL ends liner services

BAL Container Line has stopped its container services following the final voyage of the 3,534 teu NORTHERN DEBONAIR that finished its China-Mexico Express (CMX) sailing at Qingdao on 9 January 2023. BAL has redelivered all of its chartered ships and no longer publishes any further sailings. The move could affect the planned IPO of LC Logistics, the parent  company of BAL Container Line, has announced a potential listing in Hong Kong on 24 October 2022. BAL launched the first of several ad-hoc

Services

MSC launch South Africa feeder to avoid Cape Town delays

MSC will launch a new Shosholoza Feeder service connecting Coega and Cape Town from 23 January 2023 with the 3,583 teu MSC ANUSHA III. The service is aimed to avoid delays at Cape Town that has suffered from severe congestion. Shosholoza Feeder service rotation

EMC

TWN liners top line reports hinted potentially 60% QoQ fall in net profit

The listed Taiwanese liners have all reported their Dec 2022 revenues, which are the first actual figures of the FY2022 and 22Q4 results among all liners. In short, these liners revenue dropped 39% QoQ and 44% YoY. In 3Q22, the listed Taiwanese liners together have delivered $11bn in revenue and $5.9bn in net profit. The $4.3bn or 39% QoQ fall in revenue during 4Q22 will likely reduce these liner's net profit by nearly 60% QoQ, in our estimates assuming 20% lower fuel expenses and 60% lower ta

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