Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202313] Freight rates remain soft, with the SCFI resuming its weekly decline after the previous week’s gain with the Asia-Europe trade the only main market where carriers can push rates increases. In contrast, charter rates have rebounded with demand from carriers staying high while the number of idled ships are quickly diminishing. Carriers are gearing up for the summer deployment that begins in earnest from April and May,
Russian operator Transit Line has launched a direct China to St Petersburg service on 30 March 2023 with the 2,193 teu XIN LONG YUN 86 which will be the largest ship that the Russian operator has operated so far. The new service will connect Shanghai, Ningbo, Xiamen, Nansha, St Petersburg. Only 1 sailing has been advertised so far.
Asean Seas Line has reversed its plans to expand the Australia China Express (ACX) service and have started to remove ships from the loss making service. The 1,730 teu newbuilding ASL PEONY that was originally slated to join the ACX service on 16 March 2023 has been redeployed on the China-Hong Kong-Haiphong 2 service (HHX 2), while the 1,781 teu ASL HONG KONG has also shifted from the ACX to HHX 2 on 25 March 2023. The last ACX ship, the 1,930 teu ASL BAUHINIA, is completing its northbound tr
Delo Group's Ruscon has partnered with Mountain Air Shipping (MAS), an international container shipping company based in Dubai, to operate a new liner service connecting Istanbul and St. Petersburg. The first sailing from Turkey was made on 30 January 2023 with the 707 teu SASCO ANIVA. The service will operate monthly and turns in 36 days, with a transit time of 15-17 days between Ambarli (Kumport) and St Petersburg (FCT).
SeaLead’s new Australia India Pakistan (ASIA) service has started on 21 March 2023 with the 4,395 teu REN JIAN 26 that has been newly chartered from Antong for a period of 6 months. The service calls at Port Klang, Melbourne, Sydney, Brisbane, Port Klang, Karachi, Mundra, Nhava Sheva, Port Klang. The service will operate on an irregular frequency of around 3 to 4 weeks, with a second ship expected to phase in April.
Sinokor is starting a new Thailand Direct Express (TDX) service that connects South China and Thailand. The new service will call at Hong Kong, Shekou, Laem Chabang, Hong Kong on 11-day round trip with the 1,118 teu SENDAI TRADER. SENDAI TRADER will phase in at Hong Kong on 21 April after coming out of drydock. SENDAI TRADER was previously deployed in Sinokor's Pyongtaek Xingang Service (PXS).
ZIM will launch the Patagonia Express Service (PES) that connects the US Gulf with Argentina and Brazil. The new service will call at Houston, Ushuaia, Rio De Janeiro, Houston with the 1,118 teu PACIFIC TRADER that will phase in at Houston on 14 April 2023. The service will turn in 49-51 days on an irregular frequency.
OOIL reported FY2022 results after market close. The drop in earnings during 2022 H2 was within the range of the earnings drops reported by the other liners. A large dividend was consistent with OOIL's historical pay-out track record. Where this set of results stand out for us happened in the unit operating expense that fell 11% YoY and 10% HoH while the industry still experienced rise in operating expenses during 2022 H2. OOIL has previously made provisions for future operating expenses, noti
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202312] The SCFI recorded its first weekly gain since December 2022, but the rebound lacks any real strength with the rate gains limited to the China to Europe and Med routes where capacity utilisation has been very high since the beginning of this year. Utilisation on most of the other key routes remain weaker than 2022 levels, with the weakness especially apparent on the FE-US West Coast trade. The latest February port vol
MSC has completed the upgrade of its Turkey-West Mediterranean-West Africa (Turkiye-West Med-WAF) service following the extension of its former West Med-Canary-Dakar-West Africa service to Turkey. The upgraded service started from 24 February 2023 with the 5,550 teu MSC CORUNA. The service will turn in 8 weeks and will deploy 8 ships of 4,000-5,500 teu to call at Tekirdag, Derince, Iskenderun, Gioia Tauro, Livorno, Genoa, Fos, Valencia, Las Palmas, Dakar, Abidjan, Tema, Lome, Tincan Island, Lom