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Market Pulse – 2023 Week19

Register Free Trial [] Aggressive freight rate cuts by some lines have undermined the planned 1 May rate increase but carriers will make another attempt on 15 May to raise rates despite the weak market sentiment. Rates are already under pressure as capacity discipline is fast dissipating with carriers already reversing the slow steaming programs implemented in the 1st quarter while the idle fleet continues to shrink. The active containers


Arkas and Evergreen launch North Africa feeder service

Arkas and Evergreen have teamed up to launch a new North Africa Express/North Africa (NAX/NAFR) service that connects Piraeus, Algiers, Valencia, Casablanca. The service will operate on a 20 days rotation using 2 ships with sailings every 10 days starting with the 1,164 teu UNI-ASSURE from Evergreen at Piraeus on 16 May 2023 and the 1,445 teu ROZA A from Arkas on 30 May.


COSCO, PIL & RCL launch Straits-Yangon service

COSCO, PIL and RCL have launched a new jointly operated Straits-Yangon service calling at Singapore, Yangon, Port Klang, Yangon, Singapore from 2 May 2023 that are branded respectively as the SYM1 (Singapore-Yangon-Malaysia 1), YGS (Yangon Service), RSY (RCL Straits Yangon Service). The service turns in 21 days using the 1,367 teu ISEACO WISDOM from COSCO, 1,080 teu KOTA HAPAS from PIL and 928 teu NITHI BHUM from RCL and will provide weekly connections between Singapore and Yangon on the first


Admiral Container Lines launch new Med service

Admiral Container Lines have launched a new Malta-Spain-Tunisia-Turkey-Greece intra-Med service connecting Malta, Valencia, Barcelona, Sfax, Gemlik, Izmir, Piraeus, Malta using the 518 teu AIPP GOLD that made its first call at Malta on 3 May 2023. The service operates on a fortnightly basis using a single ship.


Hapag-Lloyd joins Wan Hai on FE-USEC 'AA7' service

Hapag-Lloyd will join Wan Hai as a vessel operator on the new FE-US East Coast 'AA7' service that will replace the existing service that was operated solely by Wan Hai starting from 26 April 2023. The new AA7  service will deploy 12 ships of 4,500 to 13,500 teu, with 4 ships from Hapag-Lloyd and 8 ships from Wan Hai. The smaller ships of 4,500 to 6,500 teu that Wan Hai currently operates will be gradually replaced over 2023 with larger ships of 7,500 to 13,500 teu including the new Wan Hai A-cl


Sinokor Starting BNX

Sinokor is starting a new service called Busan Ningbo Express (BNX) on a 7-day round trip calling Busan, Ulsan, Kwangyang, Ningbo, Busan with a single ship. 706 teu PACIFIC BUSAN will phase in at Busan on 6 May.


NPDL launched new ANZPAC

Neptune Pacific has launched Australia New Zealand Pacific (ANZPAC) service, a new Pacific service, that calls Sydney, Melbourne, Auckland, Suva, Lautoka, Apia, Tauranga, Sydney on fortnightly basis with 3 ships. 1730 teu CAPITAINE TASMAN has phased in on 30 April at Sydney while 1730 teu CAPITAINE DAMPIER and 1713 teu CAPITAINE TUPAIA will phase in at Sydney on 14 May and 28 May respectively. CMA CGM will take slot on this service.


Arkas and Evergreen launching NAX

Arkas and Evergreen are launching a new North Africa Express (NAX) that will call Piraeus, Algiers, Valencia, Casablanca, Piraeus on 21-day round trip. 1,164 teu UNI-ASSURE and 1,445 teu CORELLI will phase in at Piraeus on 14 May and 19 May respectively. This new service looks like an upgrade of the present Greece-Algeria service (GAS) operated by Arkas with 1,136 teu KRETAS that calls Piraeus, Algiers, Piraeus. KRETAS will be re-deployed to Arkas's Spain-Portugal-Tangier (SPT) at Piraeus on 1


Maersk FY Guidance Unchanged Despite of Profitable 1Q

Maersk reported result before market today (4 May) where earnings fell hard as expected but $2.6bn at bottom line is still better than any quarters before 2021. Full year guidance stay unchanged, suggesting the EBIT for the next 3 quarters will range between negative $561mn or $2,4bn, which is a very wide range comparing to Maersk's track record before 2021. $2.4bn for 3 quarters would still be very good earnings while negative $561mn would be the worst ever. Maersk Line's unit revenue (total


FESCO revives Baltorient Line service connecting China and St Petersburg

FESCO has revived its former FESCO Baltorient Line (FBOL) brand for a new direct service connecting China and St Petersburg that operates on a monthly basis. The FBOL will connect Rizhao, Lianyungang, Ningbo, Shanghai, Yantian, Mundra, St Petersburg, Rizhao on a 80-88 day rotation using 3 ships of 2,400-3,000 teu with inducement calls on the backhaul leg from St Petersburg that are currently scheduled to call at Xingang (on 1 June 2023), Durban (on 2 July 2023) and Mundra (on 18 July 2023). T

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