X-Press Feeder launches WSX 2, the second West Coast South America service connecting Balboa, Guayaquil, Balboa. The new service will start on July 3 with 868 teu ship X-PRESS SHANNON.
CMA CGM is launching Turkey North Africa Express 2 (TURAF2) covering Damietta, Marsaxlokk, Casablanca, Damietta on 21-day rotation. The new service will start on June 27 with AS SVENJA calling at Damietta.
Containerships is launching SC Express (SCX) that calls Rotterdam, Teesport, Grangemouth, Rotterdam on weekly basis.
Golden Sea, subsidiary of COSCO, has resumed Yangon Express (YGX) calling Singapore, Xiaochan Beach, Yangon, Singapore. The The service has started with Xiaochan Beach call on June 19 by the 1223 teu AS FENJA.
MSC is launching another independent FE-ECNA service, New Asia-US Gulf Coast and South Atlantic service (Zephyr), connecting Shanghai, Ningbo, Busan, Cristobal, Houston, Port Everglades, Savannah, Lazaro Cardenas, Shanghai.
Capacity utilization has not collapsed as suggested by Freightwaves but the average utilization has trended lower than usual seasonal patterns, partly due to the increased capacity available.
overall capacity on transpacific routes have increased materially in the past week and has outpaced demand as some carriers are offering rates below $7,000/feu to the West Coast
The containership orderbook has reached 29.2% of the existing fleet following the latest series of new ship orders by MSC, CMA CGM and ONE over the past month. This is the highest orderbook ratio since 2010...
Global port volumes for May have been adjusted upwards due to stronger than expected performances in China and the US. Latest projections for May show a 3.7% month on month rebound compared to April, and a year on year drop of just -0.7% compared to May 2021.
Chinese container port volumes rebounded sharply in May, recovering by 7.1% compared to the weak April numbers and a 3.9% gain year on year.