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Port Congestion

Port Congestion Stayed High Last Week

Global port congestion remains elevated with overall congestion remaining at a 2 year high. Berthing delays remain acute at the main Chinese ports with Shanghai, Ningbo, Yantian and Qingdao experiencing delays of up to 2 days due to high vessel traffic and bunching of arrivals. Although the congestion at Southeast Asian hubs have improved, ships arriving at Singapore, Port Klang and Tanjung Pelepas are still experiencing delays of 1 to 2 days. Although the planned dockworker strike in India has

MarketPulse

Market Pulse 2024 Week 36

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202436] Container freight rates continue to slip with Asia-Europe rates suffering the biggest drops last week. Cargo demand continues to fall, forcing carriers to offer rate discounts. The weakness has spread to the transpacific where carriers are also offering selective bullet rates and voyage-specific discounts. Carriers are pushing for a mid-September rate hike on hopes of a mini-cargo rush ahead of the Golden Week holida

Services

Transit Line adds 2nd ship on Far East-Turkey-St Petersburg (FETLED) service

Transit Line will add the 1,930 teu TRANSIT TAVAYZA to its Far East-Turkey-St Petersburg (FETLED) service from 29 September 2024, joining the 2,472 teu MYD JIMEI that has been deployed on the same service since May 2024. The FETLED service will call at Shanghai, Ningbo, Nansha, Ho Chi Minh City, Colombo, Ambarli, St Petersburg, Shanghai using the 2 ships from Transit Line on an 76-86 day round trip. Port rotation of the FETLED service

Services

CK Line launch new Korea China Haiphong (KCH) service

CK Line has launched a new Korea China Haiphong (KCH) service calling at Incheon, Qingdao, Ningbo, Haiphong, Shekou, Incheon from 30 August 2024. The new KCH service turns in 2 week and will operate initially on a fortnightly basis with the 907 teu TC MESSENGER.

Services

MSC revises Santana and Carioca services

MSC will revise 2 of its China-East Coast South America services from September 2024 covering both the eastbound and westbound directions. The revised Santana service will call at Yantian, Ningbo, Shanghai, Qingdao, Busan, Cristobal, Suape, Salvador, Singapore, Yantian from 14 September 2024 on an eastbound round the world rotation via the Panama Canal and the Cape of Good Hope. The Santana service was revised from a FE-USEC service with the USEC ports omitted from April 2024. Current calls a

Services

Sinotrans launch new North China-Philippines (NCP) service

Sinotrans has launched a new North China-Philippines (NCP) service calling at Xingang, Qingdao, Shanghai, Hong Kong, Manila (North), Xingang from 22 August 2024. The NCP will turn in 3 weeks using 3 ships of 900-1,200 teu starting with the 1,200 teu KANG QI JIA HONG at Xingang on 22 August followed by the 1,032 teu DONG FANG FU and 907 teu SINOTRANS BEIJING

Services

Maersk to launch new Far East-Indian Subcontinent 1 service

Maersk will launch a new Far East-Indian Subcontinent 1 (FI1) service calling at Colombo, Laem Chabang, Yantian, Hong Kong, Colombo from September 2024. The service will turn in 4 weeks and will deploy 4 ships of 3,500 teu to 7,800 teu starting with the 4,506 teu DYROS at Colombo on 10 September.

Sinotrans, SeaLead and BTL launch China India West (CIW)/Far East India Express 2 (FIX 2)

Sinotrans, SeaLead and BTL will launch a new China India West Coast service calling at Shanghai, Ningbo, Shekou, Nhava Sheva, Mundra, Shanghai from 12 September 2024. The service is branded as the China India West Coast (CIW) by Sinotrans and Far East India Express 2 (FIX 2) by SeaLead while while BTL has not yet announced the name it will use for the service. The service will replace SeaLead's existing FIX 2 service that is operated independently with calls The CIW/FIX 2 will turn in 6 weeks

Services

Hapag-Lloyd merges SAT and WWA

Hapag-Lloyd has merged its South America – Africa Triangle Service (SAT) with the West Europe-West Africa (WWA) into an extended butterfly pattern covering North Europe-Africa-South America-Africa-North Europe starting from June 2024. The integrated SAT/WWA service will call at Paranagua, Santos, Navegantes, Luanda, Durban, Port Elizabeth, Luanda, Tangier Med, Rotterdam, Antwerp, Le Havre, Lisbon, Tangier Med, Tema, Pointe Noire, Luanda, Paranagua turning in 7 to 8 weeks deploying up to 8 ships

Markets

Charter Rates Eased Further While S&P Prices Firm

MSC has continued its ship acquisition spree with the 2nd of 4 Panamax ships taken from Chinese operator Safetrans delivered last week. The 4,173 teu SFT EGYPT has joined MSC as the MSC BANJUL IV on 21 August, following the SFT CHINA (renamed MSC TIA V) that had joined earlies on 3 July. 2 more ships (SFT TURKEY and SFT SAUDI) will follow in September, bringing the total number of ships it acquired in 2024 to 36 units. Safetrans has opted to cash out on the 4 ships that it bought at attractive

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