All News

Ships

Active Fleet Up On Easing Congestions

The active containership fleet increased slightly over the past week due to the reduction in port congestion, with about 400,000 teu coming out of the congestion queue.

Port Congestion

PORT CONGESTION DOWN

Global port congestion dropped from 13.1% to 11.1% in the past week, due mainly to the fall in Chinese port congestion.

Ports

Top 3 Ports Volume Up MoM

The top 3 ports in the world all reported improved throughput volumes in May, with Shanghai retaining the top spot at 3.4m teu last month for a 10.3% MoM rebound.

Ports

May Volume Up MoM Down YoY

Global port volumes are expected to rebound by 1.5% in May compared to April..... Despite the encouraging rebound, overall volumes in May remain 2.8% lower compared to the same period last year.

MarketPulse

Market Pulse – 2022 Week 23

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202223] Transpacific spot freight rates remain under pressure but alarmist reports of catastrophic demand drops are unwarranted. The recent weakness in smaller transpacific NVOCC bookings reflect volume shifts as BCOs are able to book directly at favourable rates with vessel space currently open. The reduction in the LA vessel queue is also freeing up more capacity to the USWC but USEC capacity remains constrained with conge

Services

Sinokor launched another Russia shuttle

Qingdao Russia Shuttle will connect Qingdao, Korea and Russia through port rotation, Qingdao, Kwangyang, Busan, Vladivostok, Busan, Kwangyang, Qingdao.

Services

CUL launch new shuttle to Manila

China United is launching new service that connect South China and Philippines with OSG BEAUTEC's call at Nansha on July 2.

Services

MSC launched new East Med service

MSC launched Adriatic To Turkey, Israel and Eqypt, which will replace the previous Turkey Israel Shuttle with additional call at ports in Italy and Turkey. The serviced started with MSC SHEILA's Ashdod call on Jun 1.

Companies

Taiwanese carriers maintain top line revenue in May

Taiwanese liners' May top line came out flat MoM, again reassuring that impacts during the Shanghai lockdown were minimal for the liners.

Trades

TP Eastbound Utilization Remain Health

TP eastbound volume may not have collapsed as some may believe these two days. Utilization for vessels heading to North America has been healthy since end of May. The number of sailings have dropped in the last two weeks but schedule slippage and bunching have been the norm since 2020

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