All News

Services

New New Shipping launch pioneer Northern Sea Route service between Russia and China

Hainan Yangpu New New Shipping has launched the first of several planned voyages through the Northern Sea Route (NSR) with the departure of the 1,638 teu NEWNEW POLAR BEAR from St Petersburg on 7 July 2023. The 1AS ice-classed ship was acquired by New New Shipping in June this year and will make a 28 day transit to Qingdao and Xingang before reaching Shanghai in August. The overall transit time will depend on ice conditions enroute, with New New Shipping expected to mount 3 more sailings on thi

Ports

USWC regaining lead vs USEC

US West Coast ports are set to gradually recover part of the share that they have lost to their East Coast counterparts, with the latest data for May showing their strongest performance since 2021. The West Coast share rose to 54% after dropping to 47% last year, and the resolution off the ILWU contracts in both the US and Canada will pave the way for further normalization.

Services

MSC adds Florida Feeder

MSC has launched a new Florida Feeder service that will call Port Everglades, Caucedo, Rio Haina, Jacksonville, Freeport (Bah), Jacksonville, Port Everglades with two 2,000-2,800 teu ship. The service has started with the 2,824 teu AS CAMELLIA at Rio Haina on 7 July.

Services

Maersk breaking up AC2 and AC3

Maersk is breaking up the FE-LTAM butterfly service AC2/AC3 into two separate service AC2 and AC3. AC2 will call Shanghai, Qingdao, Busan, Yokohama, Manzanillo (Mexico), Lazaro Cardenas, Guayaquil, Balboa, Lazaro Cardenas, Shanghai on 70-days round trip with ten 13,568 teu ships. AC2 will start with 13,568 teu MAERSK ELBA at Qingdao on 16 Sep. AC3 will call Hong Kong, Shanghai, Ningbo, Gwangyang, Busan, Balboa, Buenaventura, Callao, Puerto Angamos, San Antonio, Tauranga, Hong Kong on 77-days r

Markets

Divergent TP and AE freight rates

Transpacific carriers successfully pushed ahead with the 15 July rate increase, with rates soaring to a 9 month high of $1,771/feu to the West Coast, based on the latest SCFI assessment. The removal of Zim’s ZNP this week will be followed by THE Alliance’s suspension of the PS5 from August, along with the disruptions from the Canadian port strike have provided positive catalysts for the rate hike planned on 1 August. Carriers are capitalizing on the tighter space situation from the rise in bla

MarketPulse

Market Pulse – 2023 Week 29

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202329] The resolution of the ILWU US and ILWU Canada port labour contract negotiations have removed the last hurdle to market normalisation, with port congestion set to ease further from its current level affecting 5.7% of the global fleet. This does not bode well for the container market that is increasingly struggling with surplus capacity. Zim downgraded its EBIT forecast last week to a full year loss of up to $500m fro

Services

Medkon introduces Russia Express Service (RES)

Medkon Lines has launched a new Russia Express Service (RES) calling at Mersin, Aliaga, Ambarli, Novorossiysk, Alexandria, Mersin from 23 June 2023 with the newly acquired 1,135 teu MEDKON LIA. A second ship, the 1,134 teu MEDKON PERLA is expected to join the service. The ship is newly acquired by Medkon and is cyrrently positioning from China to the Med.

Services

Medkon upgrades Bulgaria-Romania Shuttle service

Medkon Lines have upgraded its new Bulgaria-Romania (BRO) Shuttle service that connects Ambarli, Gebze, Varna, Constanta, Ambarli with larger tonnage introduced in July 2023. The BRO service was introduced in 24 May 2023 with the 353 teu MEDKON KRM, which has been replaced on 13 July 2023 by the 652 teu MEDKON GEMLIK to provide higher capacity to serve the Bulgaria and Romania markets.

Services

Medkon/Admiral upgrades TST service

Medkon Lines have upgraded its Turkey-Spain-Tunisia-Italy (TST) service with the addition of a second ship in a partnership with Admiral Container Lines. The Medkon TST service was launched on 14 April 2023 and calls at Ambarli, Gebze, Gemlik, Aliaga, Valencia, Barcelona, Rades, Taranto, Ambarli with the 704 teu MEDKON MERSIN. It will be complemented Admiral's 340 teu GRETA that has switched a new rotation from 26 June 2023 to call at Ambarli, Gebze, Gemlik, Aliaga, Valencia, Barcelona, Sfax

Services

Milaha adds ship on Nhava Sheva-Doha Express (NDX)

Milaha has added the 3,768 teu MAJD on the Nhava Sheva-Doha Express (NDX) service jointly operated with Feedertech and X-Press Feeders who brand the service as the NDX and Arabian Sea X-Press (ASX) respectively. The MAJD replaces the 3,158 teu X-PRESS ALTAIR and joins Feedertech's 4,294 teu NORTHERN GUARD on the service that calls at Mundra, Hazira, Nhava Sheva, Jebel Ali, Sohar, Mundra on a 14 day rotation.

© 2023 Linerlytica (ver. 1.0.16). All rights reserved.
Liner Analytics Pte. Ltd.