All News


June Revenue Strong

Taiwanese carriers' monthly revenue up 6% MoM in June and, on quarterly basis, 22Q2 was flat comparing to 22Q1, a trend consistent with the top line reported by OOIL earlier.


Eastern China Port Volume Rebounding

Total volumes in the twin Eastern China main ports of Shanghai and Ningbo rebounded in June, posting a month on month increase of 2.3% compared to May and a 0.1% increase year on year compared to June 2021.


Wan Hai started another FE-WCCA service

Wanhai is launching Asia - South America III Service (AS3), another FE-WCCA service, connecting Shekou, Hong Kong, Ensenada, Manzanillo (Mexico), Shekou in 42 days


Market Pulse – 2022 Week 27

Register Free Trial [] Spot freight rates have continued to soften last week with space now open on the Transpacific and Asia Europe routes with only the South American routes seeing high demand. Further rate discounting by carriers are expected for the rest of July, with demand remaining soft despite significant schedule slippage with up to 20% of total capacity on linehaul routes being delayed due to persistent congestion at both origin


Medkon launches TRS

Medkon launches Turkey Russia Service (TRS) connecting Ashdod, Evyap, Mardas, Novorossiysk, Evyap, Ashdod


MSC launches Burma service

MSC launches service connecting Yangon, Singapore and Tanjung Pelepas. The service will start with 1083 teu MSC SUPARNA F calling Singapore on July 16.


MSC resumes Korea-Japan service

MSC's Kaguaya service connecting Korea and Japan will start on July 5 with Busan call.


Another strong results for OOIL

OOIL's 22H1 revenue was $1.25bn bn higher than that in 21H2. Given the $1.25bn increase came mostly from HoH higher freight rates, most of such increase could show up in the net profit.


New Ship Delivery Up in Week 26

June was a bumper month for new ship deliveries with 19 ships delivered for 124,931 teu in total. 6 ships were delivered in the last week alone, including 3 neo-panamax units that were delivered to CMA CGM, MSC and ONE respectively.

Port Congestion

Port Congestion Up in Wk26

Global port congestion increased again last week to reach 13.3% as at 3 July, with total capacity waiting to berth reaching 3.39m teu compared to 2.95m teu a week ago.

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