Betting that the Dec 1 GRI may stick and on the hints of the positive SCFI print the Friday before (i.e. 24 Nov) , the CoFIF contracts rallied on strong volume last week. The April and June CoFIF contracts were up 12-19% WoW while the average daily turnover surpassed $1bn last week. The general sentiments among the CoFIF traders: the freight rates already discounted bearish fundamentals while the year end cargo rush and the liners’ incentive to create better sentiment for the annual contracts be
Ellerman will purchase 300 teu per week on MSC's Scan Baltic to USA service on a roundtrip basis starting from 6 January 2024. The service calls at Klaipeda, Gdynia, Gothenburg, Bremerhaven, Felixstowe, Antwerp, Le Havre, New York, Philadelphia, Norfolk, Jacksonville, Klaipeda. Ellerman will have a maximum allocation of 120 teu per week from Scandinavian ports to USA. The slot arrangement on MSC will replace Ellerman's USA Express (USX) service that calls at Antwerp, Rotterdam, Hamburg, Tilbury
COSCO and OOCL will expand their service network between Philippines and Japan from 8 January with the launch of the new KTX4 service that will call at Manila (North & South), Hong Kong, Shekou, Osaka, Kobe, Tokyo, Yokohama, Kaohsiung, Hong Kong, Manila. The KTX4 will add to OOCL's existing KTX suite of services connecting Japan, Taiwan, Hong Kong, South China and Southeast Asia that consists of the following strings: * KTX1 : Kanto - Taiwan Xiamen Service [https://www.oocl.com/SiteCollect
THE Alliance carriers (Hapag-Lloyd, HMM, ONE and Yang Ming) will divert a total of 17 Panama transits to the Suez on 3 of its FE-USEC services from December 2023. The diversions will affect 3 northbound and 5 southbound sailings on the EC1, 3 northbound and 4 southbound sailings on the EC2 and 1 sailing in each direction on the EC6 over December 2023 and January 2024, with further extensions dependent on the Panama drought conditions. These diversions will add about 1 week to the total transit
Swire Projects, the specialist shipping services division of Swire Shipping, has launched a Transpacific Semi-Liner Service using 3 of its H-Class 28,500 dwt/1,553 teu mpp ships (PACIFIC HERO, PACIFIC HONOUR, PACIFIC HUMILITY) from 18 November 2023. The service will call on an irregular basis at Qingdao, Taicang, Everett, Vancouver, Qingdao with inducement calls at additional ports in Southeast Asia, US West Coast and Mexico with sailings every 2-4 weeks. The 3 H-Class ships were chartered by
CMA CGM and COSCO have launched a new Asia Subcontinent Express 2 (AS2) service that connects Shanghai, Ningbo, Shekou, Singapore, Colombo, Mundra, Nhava Sheva, Singapore, Shanghai from 16 November 2023. The AS2 will turn in 5 weeks using 5 ships of 4,200-6,300 teu, of which 4 ships are operated by CMA CGM (4,253 teu DERBY, 5,466 teu CMA CGM LEKKI, 6,350 teu APL MINNESOTA and TBN vessel)and 1 ship is from COSCO (5,085 teu COSCO NEW YORK).
SeaLead has launched a new Mediterranean-South America (MEDSA) service from 12 November 2023 that connects Casablanca, Itapoa, Paranagua, Santos, Casablanca. The first sailing was made by the 1,723 teu GREEN HOPE that departed from Casablanca on 13 November and arrived in Santos on 29 November. The service will turn in 5 weeks and will initially operate on a monthly frequency with only 1 ship with more ships to be added subsequently. Relay connections will be offered at Casablanca to Barcelona
Maersk has launched a new intra-Asia SE8 service connecting Jakarta, Tanjung Pelepas, Port Klang, Haiphong, Qinzhou, Port Klang, Singapore, Jakarta from 8 Novmber 2023. The service turns in 3 weeks and deploys ships of 1,000-1,700 teu with the maiden voyage made by the 1,714 teu BOX ENDEAVOUR at Jakarta on 8 November.
Zhejiang Xiehai has launched a new container service connecting Taizhou and Valparaiso using the 1,728 teu XH DOLPHIN. Xiehai has acquired the 2013 built ship formerly named CERINTHUS from Hadley Shipping in May 2023 for $17.3m. The ship was modified at COSCO Zhoushan from 6 June to 8 November 2023 to become a fully air-cooled refrigerated containership. It departed for the first voyage after modification on 13 November 2023 from Taizhou and is bound for Valparaiso on a 23 day trip. The serv
SeaLead will launch a new Red Sea Service connecting Jeddah, Djibouti, Hodeidah, Jeddah from mid December 2023 with the 1,732 teu HAIAN WEST. The service will turn in 18-28 days using a single ship initially on an irregular frequency due to congestion at Hodeidah.