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Ports

US Imports From Asia Fell in 22H2

Transpacific container volumes from Asia to the US slipped in the 2nd half of 2022 but still ended the full year with a 3% gain compared to 2021. Exports from China and Taiwan to the US were down -2% and -3% respectively yoy, but all the other key export regions registered positive growth, led by Vietnam (+12%), Thailand (+15%) and Indonesia (+18%). But the momentum has turned negative even for these emerging export markets in Southeast Asia, with all origins recording significant falls in the 2

MarketPulse

Market Pulse – 2023 Week02

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202301] The SCFI resumed its weekly drops, with the previous week’s rise turning out to be a blip. Carriers have added capacity across all main trades out of China, with the idle fleet slipping even as port congestion continues to ease. The additional capacity has negated most of the seasonal uptick in demand ahead of the Chinese New Year holidays. Capacity utilisation across the key tradelanes have remain varied, with Asia

Companies

YMM Dec Revenue Down 14% MoM

Yang Ming Marine (YMM) reported NTD16.3bn or $534mn (on 30.6 NTD/$) for December revenue. In US dollars, the counter was down 58% YoY and 14% MoM. In aggregate, 4Q22 revenue was $1.9bn, down $1.4bn or 42% QoQ. Given most of of the decline was driven by much lower freight rates. YMM's 4Q net earnings could be down over $1bn, against the $1.6bn reported for 3Q.

Services

Shandong Port Shipping Group launch new Qingdao-Japan service in cooperation with Dongchen

Shandong Port Shipping Group (SPGS) has launched a new North China-Japan service connecting Qingdao, Yokohama, Tokyo, Qingdao, Osaka, Kobe, Qingdao in cooperation with Dongchen Line. The service combines the existing Qingdao-Kansai (QDKS) service to Osaka and Kobe  operated by Dongchen, with the new PES2 service to Yokohama and Tokyo in a butterfly pattern. The QDKS/PES2 service will deploy the 1,049 teu A KOU operated by Dongchen with the 1,043 teu PACANDA from SPGS, starting from 6 January

RCL

RCL and IAL launch new Vietnam Straits Myanmar (VSM) service

Regional Container Lines (RCL) and Interasia Lines (IAL) have teamed up to launch a new service connecting Ho Chi Minh City, Singapore, Port Klang (W), Port Klang (N), Yangon, Thilawa, Port Klang (W), Port Klang (N), Singapore, Ho Chi Minh City. The service turns in 3 weeks with 3 ships of 1,000-1,100 teu and is branded by RCL as the RCL Yangon-Hochiminh (RYH) and by IAL as the Vietnam-Straits-Myanmar (VSM) service. The service started on 19 December 2022 from Port Klang with the 1,118 teu PAN

Services

CMA CGM updates Cheasapeake Bay Express (CBX)

CMA CGM has updated its FE-ECNA Cheasapeake Bay Express (CBX) service with the addition of calls at Singapore, Laem Chabang and Haiphong. OCEAN Alliance partners also slots on this service, branding it as the CBX (Evergreen), AWE7 (COSCO) and ECC3 (OOCL). The revised rotation calls at Singapore, Laem Chabang, Haiphong, Yantian, Ningbo, Shanghai, Busan, Panama (Canal), Norfolk, Savannah, Charleston, Miami, Suez(Canal), Singapore. The service will provide fortnightly sailings from December 2022

Services

CMA CGM launching Caucasus Georgia Express

CMA CGM launching Caucasus Georgia Express covering Poti, Piraeus, Ambarli, Poti with a 1,118 teu MAREN. MAREN will phase in on 8 January at Piraeus. MAREN is currently being deployed in a East Med feeder service.

Services

MSC started BENIN FEEDER

MSC started a Benin Feeder Service, another shuttle that uses 1,730 teu MSC RIONA running between Cotonou and Lome on weekly basis. The service has already started on 1 Dec at Lome. MSC RIONA was previously deployed in another West Africa feeder.

MSC

MSC started DJIBOUTI EXPRESS

MSC has started DJIBOUTI EXPRESS, a shuttle that goes between Djibouti and King Abdullah Port with 1,438 teu MSC MALIN that has phased in on 7 December 2022 at Djibouti. MSC MALIN were previously running in a MSC Feedering Service that connect India and Pakistan.

Asean Seas Line

ASEAN Seas launched PJX2

ASEAN Seas has launched a new Peninsula Japan Express 2 service (PJX 2) that use a single 698 teu ATLANTIC EAST that calls Rizhao, Qingdao, Osaka, Kobe, Hakata, Rizhao on 14 days round trip. ATLANTIC EAST has phased in at Qingdao on 31 Dec 2022. ATLANTIC EAST was until recently deployed in the ASEAN Seas' NPX2 which connects East China and the main Kansai of Japan.

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