All News

Services

Medkon launches TRS

Medkon launches Turkey Russia Service (TRS) connecting Ashdod, Evyap, Mardas, Novorossiysk, Evyap, Ashdod

Services

MSC launches Burma service

MSC launches service connecting Yangon, Singapore and Tanjung Pelepas. The service will start with 1083 teu MSC SUPARNA F calling Singapore on July 16.

Services

MSC resumes Korea-Japan service

MSC's Kaguaya service connecting Korea and Japan will start on July 5 with Busan call.

Companies

Another strong results for OOIL

OOIL's 22H1 revenue was $1.25bn bn higher than that in 21H2. Given the $1.25bn increase came mostly from HoH higher freight rates, most of such increase could show up in the net profit.

Ships

New Ship Delivery Up in Week 26

June was a bumper month for new ship deliveries with 19 ships delivered for 124,931 teu in total. 6 ships were delivered in the last week alone, including 3 neo-panamax units that were delivered to CMA CGM, MSC and ONE respectively.

Port Congestion

Port Congestion Up in Wk26

Global port congestion increased again last week to reach 13.3% as at 3 July, with total capacity waiting to berth reaching 3.39m teu compared to 2.95m teu a week ago.

MarketPulse

Market Pulse – 2022 Week 26

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202226] Hopes for a peak season boost to cargo demand is fading, with spot freight rates continuing to fall over the first week of July. US demand continues to soften, with the 4 main shipper categories  on the eastbound transpacific route grappling with rising cargo inventories (see chart below). Despite increased port congestion over the past week, this has not been sufficient to boost freight rates. The ILWU failed to  r

Companies

AD Ports acquire IACC/Transmar

AD Ports Group (ADP) announced on 1 July 2022 that it has reached an agreement to acquire a 70% equity stake in International Associated Cargo Carrier (IACC) for $140m. IACC owns Transmar, a regional container shipping company that operates a container service between Adabiya and Jeddah on its core route with operations across the Middle East, Red Sea, Arabian Gulf and Eastern Coast of Africa. In 2021, Transmar handled 109,000 teu. It owns the 2008 built 2,127 teu TRANSMAR LEGACY that was acqui

Services

Maersk to launch new E Med-Vado Ligure shuttle

Maersk is launching a new weekly shuttle service connecting Port Said East and Northern Italian port, Vado Ligure using 2 ships of 2,902 teu starting with the MAERSK PALERMO at Port Said East on 8 July and followed by the MAERSK PENANG at Port Said East on Sep 8. The service turns in 14 days and will act as a feeder service to relay cargo from Asia via transshipment at Port Said. Maersk's new feeder service to Northern Italy

Services

Inteco Lines Started New China-Russia FE Services

Inteco Lines has launched its first services connecting China to Vostochny using the 489 teu SHUN YUE 19 to Qingdao and the 264 teu SHUN YUE 13 and SHUN YUE 18 to Ningbo.

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