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Ships

Highest Capacity Growth Since 2007

The year ahead for the container shipping market will be largely driven by how carriers manage the capacity glut, with 2.56m teu of new ship capacity scheduled for delivery in 2023 against projected deletions of just 0.25m teu with overall fleet growth expected to at 8.8% compared to 4.1% in 2022. In addition, surplus tonnage is coming back from capacity rationalization and the impact of port de-congestion that would release much of the 10% of the fleet still tied down at port anchorages current

MarketPulse

Market Pulse – 2023 Week01

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202301] After 28 consecutive weeks of declines, the SCFI saw its first positive week since June 2022 after falling by 74% over the period. The rebound has little underlying strength with concerns over weaker demand continuing to keep freight rates under pressure. Capacity utilisation reached a 2 year high on the Asia-North Europe route but rates only rebounded marginally while early rate contracts concluded on the Asia-Europ

Services

MSC adds Turkey-North Africa-Portugal-Spain service

MSC has launched a new service that connects Turkey, North Africa, Portugal and Spain starting from 29 December 2022. The Turkey to North Africa service connects Mersin, Aliaga, Derince, Tekirdag, Algiers, Casablanca, Sines, Valencia, Algiers, Malta, Mersin using 4 ships of 1,100 teu that will turn in 28 days. The CONTSHIP OAK, MSC CHARLOTTE, MSC SIGMA F and MSC AZURIT F have been assigned for the first 4 voyages but MSC will be shuffling vessels on this service from its Med network. Turkey

Services

TS Lines launch China Australia 3 (CA3)

TS Lines has launched a new China Australia 3 (CA3) service calling at Qingdao, Shanghai, Hong Kong, Nansha, Shekou, Port Kelang(W), Fremantle, Adelaide, Melbourne, Sydney, Port Kelang(W), Laem Chabang, Nansha, Qingdao. The service started from 28 October 2022 with the 1,909 teu TS NAGOYA. It turns in 56 days using 8 ships of 1,700-2,700 teu.

Services

Wan Hai revises Asia America IV (AA5) rotation

Wan Hai has revised the rotation of its Asia America IV (AA5) transpacific service with the call at Taipei dropped while a new call at Seattle is added. The revised rotation started from November 2022 and calls at Qingdao, Shanghai, Ningbo, Long Beach, Seattle, Qingdao. The service will turn in 6 weeks but it being downgraded with just 2 ships of 3,013 teu  deployed in January and February 2023, with 4 blanked sailings on each 6 week cycle.

Services

CMA CGM updates Eagle Express X (EXX)

CMA CGM has revised the rotation of its Eagle Express X (EXX) service from October 2022, with the addition of a new call at Yantian while dropping the Honolulu westbound call. The revised rotation calls at Busan, Yantian, Ningbo, Shanghai, Los Angeles, Oakland, Dutch Harbor, Busan and now turns in 7 weeks using 7 ships of 5,095-6,350 teu.

Services

Doornekamp continues China-Vancouver service despite rate slump

Doornekamp Lines is continuing to operate its China-Vancouver transpacific loader service using the owned 1,118 teu VALENCIA ELIZABETH D despite the sharp drop in freight rates on the route. Doornekamp Lines have been operating the ship on the transpacific route since 29 March 2022 when it was named SONGA LYNX and had taken ownership of the ship on 26 July 2022 from Songa and renamed it VALENCIA ELIZABETH D. It is the 3rd ship under Doornekamp's ownership, following its acquisition of the 857

Services

Saigon Newport and Vietnam Maritime Corp launch new domestic service to Can Tho

Saigon Newport (SNP) and Vietnam Maritime Corporation (VMC) has launched a new joint service that connects Haiphong, Ho Chi Minh City, Can Tho, Haiphong. The domestic service started from 24 December 2022 with the 420 teu TAN CANG FOUNDATION at Haiphong and arrived at Can Tho on 29 December 2022. The ship is operated by SNP's Tan Cang Shipping with 2 sailings to be provided each month. The frequency will be upgraded at a later stage with VMC's VIMC Shipping to add a 610 teu ship. The service w

Services

Hapag-Lloyd persists with dedicated China Germany Express (CGX) despite rate collapse

Hapag-Lloyd will continue to operate its dedicated China Germany Express (CGX) service using panamax ships of 4,000-5,000 teu but the sailing frequencies will be reduced with only 4 sailings to be offered in January and February 2023. The service was first launched on 9 April 2022 as a 2 port shuttle service connecting Dachan Bay and Wilhemshaven to turn in 56 days, offering a direct weekly link from China to Germany with a one way transit time of 27 days. The original plan to call at Hamburg

Services

Wan Hai streamlines FE-USEC AA9 service

Wan Hai's Asia America 9 (AA9)/Asia America Service IX connecting Far East-US East Coast has been streamlined into a eastbound round-the-world rotation with a new call at Philadelphia added since 18 August 2022 as  well as new calls at Balboa and Shanghai added since October 2022. The AA9 rotation calls at Haiphong, Shekou, Kaohsiung, Shanghai, Qingdao, Balboa, Charleston, Philadelphia, New York, Suez (Canal), Haiphong. The revised service avoids the persistent congestion at Norfolk and Sava

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