All News

Services

CMA CGM launches TURAF2

CMA CGM is launching Turkey North Africa Express 2 (TURAF2) covering Damietta, Marsaxlokk, Casablanca, Damietta on 21-day rotation. The new service will start on June 27 with AS SVENJA calling at Damietta.

Services

Containerships launches SCX

Containerships is launching SC Express (SCX) that calls Rotterdam, Teesport, Grangemouth, Rotterdam on weekly basis.

Services

Golden Sea resumes Yangon Express

Golden Sea, subsidiary of COSCO, has resumed Yangon Express (YGX) calling Singapore, Xiaochan Beach, Yangon, Singapore. The The service has started with Xiaochan Beach call on June 19 by the 1223 teu AS FENJA.

Services

MSC to launch Zephyr FE-USEC service, and upgrades 2 TP services

MSC is launching another independent FE-ECNA service, New Asia-US Gulf Coast and South Atlantic service (Zephyr), connecting Shanghai, Ningbo, Busan, Cristobal, Houston, Port Everglades, Savannah, Lazaro Cardenas, Shanghai.

Markets

Capacity Utilization below season trend

Capacity utilization has not collapsed as suggested by Freightwaves but the average utilization has trended lower than usual seasonal patterns, partly due to the increased capacity available.

Markets

TP GRI pushed back

overall capacity on transpacific routes have increased materially in the past week and has outpaced demand as some carriers are offering rates below $7,000/feu to the West Coast

Ships

Order To Fleet Ratio Highest since 2010

The containership orderbook has reached 29.2% of the existing fleet following the latest series of new ship orders by MSC, CMA CGM and ONE over the past month. This is the highest orderbook ratio since 2010...

Ports

May throughput assessment up

Global port volumes for May have been adjusted upwards due to stronger than expected performances in China and the US. Latest projections for May show a 3.7% month on month rebound compared to April, and a year on year drop of just -0.7% compared to May 2021.

Ports

May China Port Volume Better Than Expected

Chinese container port volumes rebounded sharply in May, recovering by 7.1% compared to the weak April numbers and a 3.9% gain year on year.

Services

PIL/YM/WHL launch WS6/SA8/AS2 service to WCSA

PIL, WHL and YM will launch West Coast South America 6 (WS6), a weekly service connecting Ningbo, Shanghai, Qingdao, Busan, Manzanillo (Mexico), Lazaro Cardenas, Puerto Quetzal, Buenaventura, Valparaiso, Ningbo. The service will start with 4,662 teu YM ENLIGHTENMENT calling Ningbo on 13 July.

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