THE Alliance carriers (Hapag-Lloyd, HMM, ONE and Yang Ming) will withdraw the Asia-North Europe FE5 service from November 2023. The FE5 is the second smallest of the 5 Asia-North Europe loops operated by THE Alliance and currently deploys 10 ships of 13,800-14,100 teu calling at Laem Chabang, Cai Mep, Singapore, Colombo, Rotterdam, Hamburg, Antwerp, London Gateway, Jeddah, Singapore, Laem Chabang, with 1 sailing blanked on an 11 week round trip rotation. The last westbound sailing is scheduled
Transpacific rates were largely unchanged over the past week with rates to the West Coast rates remaining firmer than the East Coast but sentiment is improving on both coasts as capacity utilization has been stronger than expected with several extra loaders notably by Maersk being added to cater to the overflow cargo. THE Alliance’s announcement late last week of the withdrawal of the EC4 in November will help to remove the surplus capacity on the East Coast especially on the Suez route which i
Market sentiment has turned positive for the first time since August, with momentum building for the November freight rate hikes as further capacity cuts are forthcoming after THE Alliance decided belatedly to suspend the EC4 service to the US East Coast via the Suez in November. This follows earlier cuts made by various carriers on the USWC and Europe routes that have helped to elevate carriers rate restoration efforts. The SCFI recorded its 2nd successive weekly increase, led by gains on the M
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202343] Market sentiment has turned positive for the first time since August, with momentum building for the November freight rate hikes as further capacity cuts are forthcoming after THE Alliance decided belatedly to suspend the EC4 service to the US East Coast via the Suez in November. This follows earlier cuts made by various carriers on the USWC and Europe routes that have helped to elevate carriers rate restoration effo
THE Alliance carriers (Hapag-Lloyd, HMM, ONE and Yang Ming) will withdraw the EC4 service from November 2023. The EC4 is 1 of the 5 FE-US East Coast services that THE Alliance currently operates. The last sailing will be made by the 14,078 teu YM WIND from Hong Kong on 6 November 2023. The service calls at Kaohsiung, Xiamen, Hong Kong, Yantian, Cai Mep, Singapore, Suez Canal, Norfolk, Savannah, Charleston, New York, Suez Canal, Singapore, Kaohsiung. The service currently deploys 11 ships of 13,
Zim will launch a new ZIM Gulf Toucan (ZGT) connecting Argentina and Brazil with Mexico and the US Gulf coast. The ZGT will start from January 2024 and will deploy to 6 ships of 2,800 teu that are mostly to be redeployed from its Australia routes. The ZGT will call at Buenos Aires, Montevideo, Navegantes/Itapoa, Paranagua, Santos, Rio De Janeiro, Cartagena, Kingston, Veracruz, Altamira, Houston, Mobile, Kingston, Cartagena, Santos, Buenos Aires. It follows the launch of the ZIM Colibri Expre
Starocean has started a new service called Starocean China Japan 2 service (SCJ2) that calls Ningbo, Osaka and Kobe on a 14-day rotation with two vessels with the first vessel the 349 teu OCEAN DRAGON joining the service at Osaka on 19 October 2023.
ONE has announced the launch of a new Southeast Asia to India and Gulf (SIG) service from 16 November 2023. The service will call at Singapore, Nhava Sheva, Mundra, Dammam, Jebel Ali, Cochin, Colombo, Singapore using 4 ships that are yet to be assigned in a 28 day rotation.
CoFIF trading stays red hot despite of the continuous decline in the FE-NEUR spot rates. Prices for all 5 CoFIF contracts were down 5-7% WoW but the CoFIF were still trading at 20-40% premium to the spot. Trading volume made new high on Friday with close to 500,000 contracts changed hands despite the exchange doubled the transaction fees on Thursday. It is the second time in less than 2 months that the INE has increased the transaction fees. The turnover-to-OI ratio now stayed high at 5x as th
Liners are pushing for GRIs in November. But following their recipe in June i.e. to cut down on the capacity, they are going to increase their capacity as shown by Linerlytica's Capacity Watch. Save for FE-FE-NEUR trade, the main west-east trades will see capacity increase by 9-22% MoM in November: FE-WCNA weekly capacity will increase by 22% MoM in NovemberFE-ECNA weekly capacity will increase by 16% MoM in NovemberFE-NEUR weekly capacity will decrease by 5% MoM in NovemberFE-MED weekly capac