Matson's 22Q1 operating income (aka operating profit) were up 250% YoY but down about 10%QoQ, first sequential drop since 20Q1. The sequential drop in profit was due to drop in volume, rise in bunker costs and lease expenses.
SITC reported top line after Taiwanese and OOCL. SITC confirmed an industry pattern for 22Q1 that revenue was up sequentially driven by higher freight rates despite of weaker volume.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202216] MARKET BRIEF - 2022 WEEK 16 The outlook remains weak as long as the lockdowns at key Chinese cities remain in place, with concerns emerging that the Shanghai infection rate is worsening and could spread to Beijing. Port congestion at Chinese ports remain elevated with waiting times at Ningbo rising to up to 7 days but Shanghai wait times remain at less than 2 days as cargo volumes have been significantly curtailed.
Unifeeder will launch a new feeder Mozambique India Middle East (MIM) service connecting Maputo in Mozambique to Jebel Ali and Mundra. The service will turn in 4 weeks, and will deploy 2 ships of 1,714 teu on a fortnightly frequency. The service will start from 10 May 2022 from Jebel Ali with the 1,714 teu OCEANA and will be followed 2 weeks later by the 1,714 teu ORNELLA.
PIL will launch a new Singapore Surabaya Express (SSE) shuttle service from 21 April 2022 connecting Singapore and Surabaya with the 1,802 teu KOTA NALURI. This service will be operated as part of a multi-carrier arrangement that shares slots on the Singapore-Surabaya route that also includes COSCO, Samudera and X-Press Feeders to offer 2-3 sailings per week on this route, using 3 other ships of 2,100 to 2,700 teu.
MSC will launch a new Bengal Service connecting South China and Bangladesh. The service will start on 27 April with the 1,732 teu MSC KYMEA from Hong Kong. The service calls at Hong Kong, Yantian, Shekou, Singapore, Tanjung Pelepas, Chittagong, Singapore, Tanjung Pelepas, Hong Kong and will deploy 4 ships of 1,600-2,000 teu. MSC Bengal Service port rotation
CMA CGM will reinstate its Indian Ocean Feeder 3 (IO Feeder 3) service from June 2022. The service willl call at Point des Galets, Port Louis, Tamatave, Pointe des Galets, Longoni, Pointe des Galets. Indian Ocean Feeder 3 (IO Feeder 3) port rotation
The shareholders agreement between CSAV, with Kühne Maritime and HGV Hamburger Gesellschaft fur Vermogens-und Beteiligungsmanagement (City of Hamburg has been extended from the end of 2024 to the end of December 2026. The agreement was first signed on 17 November 2014 for a term of 10 years, where the 3 parties agreed to retain their controlling shares in Hapag-Lloyd for 10 years (except for HGV who may release 50% of its shares after 5 years) and to pool their voting rights on all decisions re
Hapag-Lloyd will launch a new Turkey East Coast Express (TEX) connecting Mersin, Izmit, Aliaga, Tangier, New York, Norfolk, Savannah, Tangier, Mersin. The service will start from mid May 2022 and will deploy 6 ships. Rotation of the Hapag-Lloyd's TEX service
Register Free Trial [https://www.linerlytica.com/register/] Need the latest situation of port congestion? You now can have full control of the most-up-to-date congestion trend and information in last 18 months for over 150 ports globally. "Weekly Market Pulse" includes News and Newsletter Market Pulse Library at US$1,500 per year. Global overview"Linerlytica Website" - the Full Suite Product includes "Weekly Market Pulse" plus database access with search, filter and sorting functions coverin