COSCO's intra-European subsidiary Diamond Line will extend its current Piraeus-Naples Express (PNX) service into a new butterfly service centred around Piraeus that will include calls at the Ligurian Sea ports of La Speia and Vado in addition to Naples on one leg, and a separate leg connecting Piraeus to the Marmara Sea ports of Izmir, Gemlik and Derince (Safi). The extended PNX service will start from 2 June 2023 with the existing 1,560 teu TAICHUNG with two more ships, the 1,698 teu A. OBELIX
Unifeeder/Unimed will add a new Piraeus-Marmara Service with the 698 teu PANTONIO that will be phased in from 30 May 2023 on the new weekly service will call at Piraeus, Haydarpasa, Gebze, Gemlik, Piraeus on a 7 day roundtrip rotation. The PANTONIO that has been shifted from Unifeeder's UK-Ireland service.
Conviction around a freight market recovery is rapidly fading, with carriers failing once again to push ahead with their planned rate increases on 1 June following the 2 failed attempts earlier in May. Freight rates have continued to slip with the SCFI falling by 6% over the last 4 weeks, with scant signs of any reversal. Zim retained its full year EBIT earnings guidance of $100m-500m despite suffering a first quarter EBIT loss of $14m. Carriers such as Zim are still hoping for a 2nd half reco
Zim reported losses for 1Q 2023 before market open today (22 May). Both net profit and operating profit level were negative. While the accounting operating cashflow is positive, the depreciation expenses, which are added back for the operating cashflow since 2019, were mostly lease expenses and hence are cash items. Management maintains full year guidance which for EBIT is $100-500m, against $14m LBIT in 1Q. Zim is the second major liner, after Wan Hai, to have reported losses in 1Q 2023. Bo
Aladin Express has started a new India-Turkey Express (ITX) service connecting Nhava Sheva, Mundra, Diliskelesi, Nhava Sheva with the 1,740 teu GREEN ACE. The maiden voyage started on 9 April 2023 with sailings every 30-35 days. The GREEN ACE has been chartered by Aladin since September 2022 and was previously deployed on Aladin's Gulf India Express (GIX). The ship's charter has been extended in May for 10-12 months at a daily rate of $17,000. Aladin Express ITX service
PIL and Samudera have teamed up to launch a joint Belawan-Singapore-Bangkok service from 11 May 2023. The butterfly service turns in 2 weeks using the 1,080 teu KOTA HANDAL from PIL and the 1,141 teu ALS SUMIRE from Samudera that will call alternately on the Singapore, Belawan, Singapore leg (branded as SMS by PIL and BLW by Samudera) and Singapore, Bangkok, Singapore leg (branded as BK1 by PIL and BKK by Samudera).
X-Press Feeders will launch a new Libya X-Press feeder service connecting Piraeus, Misurata, Piraeus from 1 June 2023 with the 698 teu SUNAID X. x``
Matson has added a new expedited service connecting Haiphong in North Vietnam to the US West Coast by transhipment in Shanghai using the Jin Jiang Shipping operated China Haiphong 3 (CHH3) feeder service. The CHH3 service was launched on 8 March 2023 and calls at Haiphong, Shanghai, Qingdao, Shanghai, Nansha, Haiphong using the 1,098 teu MILD JAZZ and 1,096 teu A GORYU. Matson's cargo connects at Shanghai to the CLX and CLX+ service to provide 17-day and 18-day transit times to Long Beach in t
Kalypso Compagnia di Navigazione has stopped its Transatlantic 'Cristoforo Colombo' service with the last sailing from the New York on 15 May 2023 by the 1,368 teu JULIUS that will be redelivered after ending its current voyage at Sagunto on 25 May. The Cristoro Colombo service was launched in November 2022 using up to 3 ships of 1,300-3,000 teu connecting various Med ports including Taranto, Salerno, Civitavecchia, La Spezia and Sagunto with New York. Kalypso will retain its Marcopolo servic
Maersk will launch a new Al Maha service from June 2023, replacing its current ME3 and ME4 services. The Al Maha service will call at Tanger Med, Port Said, Jeddah, Salalah, Jebel Ali, Doha, Dammam, Jubail, Jebel Ali, Duqm, Salalah, Jeddah, Port Said, Tanger Med using 7 ships of 8,500 teu. It replaces the ME3 calling at Port Said, Salalah, Jebel Ali, Dammam, Jubail, Jebel Ali, Salalah, Port Said using 5 ships of 4,200-5,000 teu and ME4 service calling at Tangier Med, Alexandria, Port Said Eas