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Tailwind adds Koper-Barcelona and Colombo-Chittagong services

Tailwind Shipping has chartered the 917 teu FAITH and 1,118 teu WILHELMINE from January 2024 to provide connections between Koper and Barcelona. The move follows the diversion of Tailwind's vessels from the Suez to the Cape route on its China-Europe Panda Express (PEX) service. The PEX service originally calls at Qingdao, Ningbo, Dachan Bay, Colombo, Koper, Barcelona, Rotterdam, Qingdao but with the diversion to the Cape route since the beginning of December 2023, the call at Koper has been drop


Kalypso Compagnia di Navigazione insolvent

Kalypso Compagnia di Navigazione (KCN), part of the RIF Line Group, has been placed in liquidation following the arrest of one of the ships it operated in Taranto on 14 December 2023. The 2,518 teu ZHONG GU XIONG AN was arrested in Taranto for unpaid bunker bills by its Chinese creditors. It was one of 4 ships chartered by Kalypso from Zhonggu for its Marco Polo service connecting China, Bangladesh and the Mediterranean that has been dormant since October 2023 after Zhonggu refused to allow the


Zim replaces Port Klang call on ZMP with Cai Mep

Zim has replaced the former Port Klang calls on the ZIM Med Premium (ZMP) service with a new westbound call at Cai Mep effective from 8 January 2024. The revised ZMP service will call at Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Cai Mep, Colombo, Haifa, Ashdod, Mersin, Yarimca, Ambarli, Dachan Bay, Xiamen, Busan. The ZMP called Port Klang on both the eastbound and westbound directions but all calls have stopped since Malaysia's decision to ban Zim ships from calling at its ports that was a


ONE to launch WIN service

ONE will launch a new West India North America (WIN) service calling at Port Qasim, Hazira, Nhava Sheva, Mundra, Damietta, Algeciras, New York, Savannah, Jacksonville, Charleston, Norfolk, Damietta, Jeddah, Port Qasim from May 2024 turning in 9 weeks with ships operated solely by ONE. HMM will purchase 1,700 teu a week on the service on a round trip basis including 170 reefer slots. The routing could be affected by the current diversions from the Red Sea to the Cape which could delay the launc


Hapag-Lloyd adds Tanger-Damietta-Jeddah service for Red Sea cargo affected by diversions to Cape route

Hapag-Lloyd will introduce a new shuttle service for Red Sea cargo connections calling at Tanger, Damietta, Jeddah, Tanger from 19 January 2024 using the 4,252 teu SEASPAN HAMBURG. The service will turn on a 10-12 day frequency initially with feeder connections offered at Jeddah to Aqaba and Port Sudan. The temporary solution will replace current connections to the Red Sea that have been affected by vessel diversions to the Cape route.


CMA CGM revamp TULYB & GTL services to Libya

CMA CGM will revamp two services connecting Libya with East Med ports from January 2024. The Turkey Libya Express (TULYB) will be revised to call Aliaga, Gemlik, Ambarli, Alexandria, Misurata, Aliaga from 17 January 2024 on a 14 day rotation using 2 ships, the 1,122 teu JAGUAR and 1,114 teu ATLANTIC MERCHANT. The service will drop its current calls at Gebze, Piraeus and Limassol with the total turn time reduced from 3 weeks to 2 weeks. The Greece Turkey Libya Express (GTL) will be revised to


SCFI up 40% WoW to Close 2023

Transpacific freight rates have risen in tandem with European rates last week, rising to $2,553/feu to the West Coast and $3,559/feu to the East Coast, both breaching their 12 month highs. Capacity is expected to remain tight in the coming weeks, with reduced departures available in January especially on the US East Coast routes where the diversions to the Cape route will start to have an impact from week 3 onwards. Carriers are also switching ships away from the US West Coast to Europe where t


ONE to launch ELT service

ONE will launch a new Egypt Lebanon Turkey Service (ELT) calling at Damietta, Beirut, Iskenderun, Damietta with the 1,084 teu MARIELYST at Damietta on 31 January 2024 on a weekly frequency.


CMA CGM and Maersk to launch new USEC-Centram service

CMA CGM and Maersk will launch the Ceiba Express (Ceiba/U7H) service calling at Port Everglades, Kingston, La Guaira, Puerto Cabello, Cartagena (Col), Puerto Cortes, Santo Tomas de Castilla, Port Everglades on 21 days round trip. The service will deploy 3 vessels starting with the 1,732 teu HANSA SALZBURG at Port Everglades on 14 January 2024, followed 1,691 teu MARFRET GUYANE and 2,564 teu CMA CGM PEMBA.


Maersk resumption of Suez transits drag down CoFIF

CoFIF’s April contracts (EC2404) soared to a new high on 27 December but retreated on the last 2 trading days of the year to close at to 1,643 as the traders unwinded some of their pairs (long EC2404 and short EC2412). Market conviction weakened with Open Interest balance dropping through the week to end down by 50% WoW, with Maersk’s decision to resume Suez transits earlier last week dragging down the forward expectations. The latest SCFIS assessment on 1 January for the Asia-North Europe rout

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