Aggregated container volumes handled at the ports of Los Angeles and Long Beach reached 1.87m teu in August, the second highest monthly throughput ever recorded at the main Pacific Southwest (PSW) gateway port just shy of the 1.92m teu peak handled during the peak of the COVID pandemic in May 2021. The current volumes already exceed the 1.67m teu handled in January 2022 when congestion at the San Pedro Bay ports reached a record high of 740,000 teu, but there is still few signs of any serious co
DSV has announced on 13 September 2024 an agreement to acquire Schenker from Deutsche Bahn in a deal valued at €14.3Bn (US$15.95Bn). The combination of DSV and Schenker would create the 2nd largest ocean freight forwarder in the world just behind Kuehne & Nagel, and overtaking the current no. 2 DHL. The Schenker deal is the 8th large acquisition by DSV since 2000 and follows the earlier acquisitions of DFDS Dan Transport in 2000, JH Bachmann in 2005, Frans Maas in 2006, ABX Logistics in 2008, UT
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202439] Carriers continued to slash freight rates ahead of China’s Golden Week holidays with heavy discounts offered across all routes. Rates on the Asia-Europe route came under the heaviest pressure, with Transpacific rates to the US East Coast also dropping sharply as the ILA dockworker strike on the US East Coast looks certain to proceed on 1 October. The shift in cargo volumes to the US West Coast has picked up pace but
Hede Shipping has launched a second transpacific service branded as the Hede US West Coast Direct Express (HDX) from 11 September 2024. The HDX service turns in 5 weeks and calls at Ningbo, Los Angeles, Ningbo using 5 ships of 1,800 to 2,700 teu starting with the 1,809 teu ADAMASTOS at Ningbo on 11 September. 4 more vessels will be phased in subsequently, including the 1,738 teu HANSA DUBURG and 2,741 teu POSEN and PONA. The HDX will complement the current HDS service which has been renamed as
Asyad Line and Folk Maritime have launched a new India-Red Sea Service (IRS) with each partner to contribute one ship each on the service from 10 September 2024. Asyad Line's 3,534 teu WADI DUKA will connect Sokhna, Jeddah, Nhava Sheva, Mundra, Salalah, Sokhna on a 30-35 day rotation, while Folk Maritime's 1,868 teu FOLK JEDDAH will connect Jeddah, Nhava Sheva, Mundra, Jeddah on a 20-25 day rotation.
TS Lines has upgraded its recently launched Asia-US West Coast (AWC) service with a second AWC2 loop with up to 5 ships of 1,700 to 4,300 teu being deployed. The AWC2 will call nominally at Nansha, Xiamen, Los Angeles, Nansha with additional calls at Chiwan, Kaohsiung and Busan provided on an irregular basis. The service started from 13 August 2024 with the 1,787 teu TS BANGKOK, followed by the 1,787 teu TS TOKYO on 25 August. Two larger ships were added in September, the 2,954 teu TS MELBOURNE
Regional Container Lines (RCL) and TS Lines (TSL) will launch a new South China-Thailand service calling at Nansha, Shekou, Laem Chabang, Bangkok (PAT and Sahathai), Nansha from 22 October 2024. The service will be branded by RCL as the RCL Bangkok-South China (RBS) and will turn in 2 weeks using the 1,707 PIYA BHUM and a second ship from TSL with the service name still to be announced.
The FAX/IEA/EAX/REA/FAS service, currently operated by Emirates Shipping Line (ESL), Global Feeder Shipping (GFS), Interasia Lines (IAL), KMTC, Regional Container Lines (RCL) and TS Lines (TSL) will be upgraded from October 2024 with a second loop added with Evergreen joining the group as a vessel operator. The existing FAX/IEA/EAX/REA/FAS/AEF2 service calls at Qingdao, Shanghai, Ningbo, Nansha, Port Klang, Mombasa, Dar es Salaam, Port Klang, Qingdao using 7 ships of 2,500-2,800 teu with 1 skip
ONE will introduce a new East Coast South America Express 3 (SX3) service from 14 October 2024 through slots on HMM's Far East-India-Latin America (FIL) service. The service turns in 12 weeks and deploys 12 ships of 4,700-8,500 teu from HMM that calls at Busan, Shanghai, Ningbo, Shekou, Kattupalli, Santos, Paranagua, Rio Grande, Navegantes, Singapore, Hong Kong, Busan. ONE's slot arrangement will not include the Kattupali call.
Charter rates remain broadly flat in the past week, with supply in the larger segments above 4,000 teu still very tight while more open candidates are available in the 1,700-3,000 teu segments. Maersk has been particularly active in the last month, including forward fixtures extending into 1Q 2025 as it tries to secure ships to cover its tonnage requirements for next year when the new Gemini Cooperation is scheduled to start from February. Sinotrans has taken the first 3 units of 4 ships that i