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Companies

Liner April Revenue Still Strong

Taiwanese liners' April top line came out as a positive surprise. The spot freight rates, as per SCFI, have fallen 7.5% MoM while Shanghai/Ningbo's combined port throughput was down 10% MoM in April. However, the Taiwanese liners' combined revenue ...

Services

Hapag Lloyd Launched MSW service

his new Mediterranean, Caribbean, Central America, West Coast South America Express (MSW) service will run in rotation, Valencia – Livorno – Genoa – Barcelona – Caucedo – Cartagena – Paita – Posorja – Buenaventura – Puerto Limon (Moin) – Cartagena – Tangier – Malaga – Valencia with 7 ships

Ports

Vietnam Port Throughput Rebounding

Vietnamese container port volumes have recovered strongly from their extended lockdowns at key cities that started in July 2021 and ended only in early October 2021. Port volumes were badly hit during the lockdown period..

Port Congestion

N.AM port congestion down

Overall congestion in North American ports has improved with around 900,000 teu of vessel capacity currently waiting at the main US and Canadian gateways, compared to a peak of over 1.5m teu in February. The West Coast has seen the largest improvements while the East Coast ...

Ports

Shanghai Down Ningbo Up

The extended lockdown in Shanghai has hurt overall Chinese container port volumes, with Shanghai port reporting a 25% month on month reduction in April. But other Chinese ports have stepped up, with Ningbo reporting a 12% YoY increase. The overall impact on global container volumes is small...

MarketPulse

Market Pulse – 2022 Week 18

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202218] Freight rates continued to fall last week but the pace of reductions have slowed with lower activity over the Labour Day holidays. Further rate reductions are expected despite attempts by some transpacific carriers to push for rate increases on 15 May and 1 June, with bookings too weak to support the rate hikes. Charter rates have also weakened in the face of softening demand, with both carriers and shipowners hoping

Services

RCL to launch Malaysia-Indonesia 3 (RMI3)

RCL will launch a new RCL Malaysia-Indonesia 3 (RMI3) service from May 2022 to connect Surabaya, Singapore, Port Klang, Penang, Port Klang, Singapore, Surabaya. The service will deploy the 928 teu NITHI BHUM on 17 May 2022 and the 1,108 teu MITRA BHUM on 24 May 2022 on the new service that has a 14 day turnaround.

Services

CMA CGM revise 3 West Africa services

CMA CGM will be revising its MEDWAX, EURAF 3 and WAZZAN services that connects the Med hubs of Algeciras and Tanger Med with West Africa. The new Mediterranean West Africa Express (MEDWAX) will turn in 28 days with 4 ships of 2,500-2,800 teu calling at Algeciras, Tanger, Dakar, Conakry, Freetown, San Pedro, Algeciras starting with the 2,783 teu ATLANTIC DISCOVERER on 7 May 2022. It replaces the current MEDWAX that currently uses smaller ships of 1,300-1,700 teu, with a new call at Freetown adde

Ships

Fleet Status Monitor

The active containership fleet rebounded to 15.8m teu, 61% of total fleet, as at 1 May due to the improvement in the port congestion situation in China and the US over the past week, with less ships waiting at anchorages.

Services

ONE and Evergreen to swap slots in Transpacific route

ONE and Evergreen will exchange slots on 2 of their existing transpacific services that are operated within their respective THE Alliance and Ocean Alliance arrangements. The slot arrangement is effective from June 2022 and involves 150 teu per week on a roundtrip basis (including 11 reefer plugs) on the following services: Evergreen/Ocean Alliance : HTW service (also known as PSW7/Guangdong Express(GEX)/AAS3/PCS2) calling at Taipei, Xiamen, Hong Kong, Yantian, Los Angeles, Oakland, Taipei cu

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