Hapag-Lloyd will receive next month the first of 9 ships of 14,372 teu that it has chartered from SFL and Enesel for 5 year periods in the first benchmark fixture for ships of this size following the expiry of their initial 10 year charter to Evergreen. The first 2 ships (THALASSA HELLAS and THALASSA PATRIS) are currently undergoing upgrades at COSCO Zhoushan including raised lashing bridges that will increase their nominal capacity from 13,808 teu to 14,372 teu. They will join the FE-US East
ONE reported 3Q 2023 results where the accelerating sequential fall in earnings during the past quarter may be a surprise to the market. Unit OPEX fell 5% but unit revenue fell 14%. Nevertheless EBIT has come to a level ordinary for periods before 2020.
Zim./Gold Star Line will launch a new China Japan Express (CJX) service from 27 Nov 2023. The new service will call weekly at Lianyungang, Shanghai, Tokyo, Yokohama, Nagoya, Lianyungang on a 14 days rotation using the 1,012 teu IMKE SCHEPERS and 1,o54 teu SINAR BANGKA.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202344] Spot freight rates have rebounded strongly on the back of capacity cuts but the sustainability of the rate hikes will be tested over the coming weeks as carriers are still reluctant to remove excess capacity. In notable contrast to THE Alliance and 2M, the OCEAN Alliance have failed to take any concrete capacity reduction actions which could trigger an eventual push back from its rivals. New vessel deliveries in Oct
The new China-East Africa service jointly operated by ESL, GFS, IAL, KMTC, RCL and TSL will start from 6 November 2023 calling at Qingao, Shanghai, Ningbo, Nansha, Port Klang, Mombasa, Dar Es Salaam, Port Klang, Qingdao on a 56 day rotation using up to 8 ships of 2,400-3,000 teu. The ships initially deployed will be the 2,786 teu CUL MANILA operated by Emirates Shipping (ESL), 2,954 teu TS CHENNAI from TSL, 2,732 teu RACHA BHUM from RCL, 2,755 teu SM KAVERI from GFS, ESL ENDEAVOUR from ESL and
Unimed has started a new Damietta-Turkey service from 23 October 2023 connecting Damietta and Mersin with the 1,216 teu MORAGA.
Being the first liner to report 3Q earnings, Matson's 3Q earnings (out on 23 Oct) showed sequential improvement from the 2Q results: container shipping earnings were up 37-43% QoQ on 4% higher container volume, suggesting over 30% QoQ increase in earnings coming from rise in average freight rates. Most of Matson's operation are done on short term contracts or spot freight rates. Matson maintains two services in its China-USWC trade since 4Q of 2022. It has blanked 3 sailings in 1Q 2023 and 2 s
INE, the exchange where CoFIF contracts are being traded, doubled the transaction fee for the second time during the last two weeks to 0.02% and cap the trading volume at 500 contracts per day, another attempt to cool the short-term trading activities. Each CoFIF contract is priced as Rmb50 x the SCFIS. So 500 CoFIF contract cap amount to about $2.7mn. Despite being halved, the liquidity remains very high after the new policies kicked in. The transaction fee started at 0.001% at CoFIF's launch
Sinotrans and SITC have dropped the Busan call on their jointly operated China-Haiphong (CHS/CJV5) service that was introduced in April 2023 with the last call at Busan on 26 September. The CHS/CJV5 rotation has been shortened by 1 week and will turn in 2 weeks and call at Ningbo, Shanghai, Hong Kong, Haiphong, Danang, Hong Kong, Ningbo with the 1,510 teu REN JIAN 6 from Sinotrans and the 1,808 teu SITC ZHEJIANG from SITC.
THE Alliance will revise the rotations of the Far East-US East Coast EC1 and EC2 services from November 2023 following the withdrawal of the EC4 service. A new call at Xiamen will be added to the EC1 service that will call at Kaohsiung, Xiamen (new), Yantian, Shanghai, Yangshan, Ningbo, Busan, Manzanillo, New York, Norfolk, Charleston, Savannah, Manzanillo, Balboa, Kaohsiung. A new call at Yantian is added on the EC2 service that will call at Qingdao, Yantian (new), Ningbo, Yangshan, Busan, C