Congestion at European ports are also inching upwards, with rapidly deteriorating conditions in Northern Europe cancelling out the recent improvements at Med ports. The situation especially bad at German ports which have been hit by a 48 hour strike on 14-16 July. It follows a 24 hour walkout on 23 June and an one-shift warning strike on 9 June with dockworkers unable to reach an agreement on their demands for higher pay after 6 rounds on negotiations. Vessels queues are already very high espe
Projected throughput growth for Linerlytica’s global port sample that accounts for over 75% of global container handling volumes is expected to show a marginal increase of just 0.3% during the first half of 2022. Chinese ports remain largely resilient despite the COVID related lockdowns, with first half growth estimated at 2.4%. A more detailed analysis of the Chinese volumes will be added next week when the final port numbers for June are confirmed. North American ports also performed strong
Freight rates remain under pressure with the SCFI falling to a 12 month low. The Transpacific rates continue to soften with spot rates to the US West Coast expected to breach the $6,000/teu level within the next few weeks while rates from Asia to North Europe has dropped below the $9,000/feu level. Demand has failed to pick up with the summer peak season demand turning out to be much weaker than expected. Although port congestion is creeping up in Europe and North America, overall capacity dep
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202228] Freight rates remain under pressure with the SCFI falling to a 12 month low. The Transpacific rates continue to soften with spot rates to the US West Coast expected to breach the $6,000/teu level within the next few weeks while rates from Asia to North Europe has dropped below the $9,000/feu level. Demand has failed to pick up with the summer peak season demand turning out to be much weaker than expected. Although po
Kalypso Compagnia di Navigazione, the new shipping line of the Rif Line Group has launched the Butterfly service, a new East Mediterranean service calling at Salerno, La Spezia, Salerno, Misurata, Ambarli, Izmir, Mersin, Misurata, Salerno. The service has started with the 700 teu K-OCEAN that called at Salerno on 15 July 2022. The service turns in 0 to 24 days with a single ship currently deployed. The new intra-Med service is operated in partnership with Arcoship Lines and will complement Kaly
Far Shipping started a new Strait-Bengal shuttle calling at Singapore, Chittagong, Port Klang, Singapore. The service started with 1746 teu KAPITAN MASLOV at Singapore on 1 July 2022. The service currently runs on a fortnightly frequency using a single ship on a 14-days round trip.
Average FE-WCNA capacity over the last 13 weeks stands at 314,332 teu, which is 4.9% lower than the same period last year while the average FE-ECNA capacity during the same period was up 18% YoY.
Taiwanese carriers' monthly revenue up 6% MoM in June and, on quarterly basis, 22Q2 was flat comparing to 22Q1, a trend consistent with the top line reported by OOIL earlier.
Total volumes in the twin Eastern China main ports of Shanghai and Ningbo rebounded in June, posting a month on month increase of 2.3% compared to May and a 0.1% increase year on year compared to June 2021.
Wanhai is launching Asia - South America III Service (AS3), another FE-WCCA service, connecting Shekou, Hong Kong, Ensenada, Manzanillo (Mexico), Shekou in 42 days