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Companies

Box Manufacturing Volume and Earnings Dropped Over 50% YoY in 2022

CIMC reported FY2022 results over night (28 March) that its net profit dropped 52% YoY driven mainly by the decline in the sales volume of dry containers. COSCO Development also reported FY2022 before market open on 31 March where its earnings dropped 36% YoY. Combined dry container output dropped 50% for these three manufacturers during 2022 after the industry has reached a record high in output during 2021. 2022 output was higher than the level in 2019 and 2020 but on par with the historical

Services

ASL discontinues Australia China Express (ACX)

Asean Seas Line (ASL) has withdrawn the Australia China Express (ACX) service after the last ACX ship the 1,930 teu ASL BAUHINIA completed its last sailing on 29 May 2023. Although an ASL representative says the company will continue the ACX service beyond April, the service failedd to continue with the planned deployment of the newbuilding ASL TAIPEI which was redeployed on the Ningbo Philippines (NPX) service from June 2023.

Services

Hapag-Lloyd/Arkas adds Dakar call on West Africa Express (WAX)/Europe Africa Service (EAS)

The North Europe-West Africa service jointly operated by Hapag-Lloyd/Arkas will be expanded to add a new southbound call at Dakar. The service is branded as the West Africa Express (WAX)/Europe Africa Service (EAS) respectively by Hapag-Lloyd and Arkas. The new rotation will start from 7 May 2023 and call at Antwerp, Le Havre, Tanger Med, Dakar, Tema, Abidjan, Tanger Med, Antwerp. The service turns in 4 weeks and deploys 3 ships of 4,250 teu from Hapag-Lloyd and one 2,500 teu ship from Arkas.

Services

Hapag-Lloyd to launch West Africa 1 (WA1) service

Hapag-Lloyd will launch a new West Africa 1 (WA1) service that connects Tanger Med, Nouakchott, Freetown, Conakry, Monrovia, Tanger Med from 15 May 2023. The new service will be operated on a fortnightly frequency and turn in 4 weeks using 2 ships of 1,700 teu.

MarketPulse

Market Pulse – 2023 Week13

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202313] Freight rates remain soft, with the SCFI resuming its weekly decline after the previous week’s gain with the Asia-Europe trade the only main market where carriers can push rates increases. In contrast, charter rates have rebounded with demand from carriers staying high while the number of idled ships are quickly diminishing. Carriers are gearing up for the summer deployment that begins in earnest from April and May,

Services

Transit Line introduces China to St Petersburg service

Russian operator Transit Line has launched a direct China to St Petersburg service on 30 March 2023 with the 2,193 teu XIN LONG YUN 86 which will be the largest ship that the Russian operator has operated so far. The new service will connect Shanghai, Ningbo, Xiamen, Nansha, St Petersburg. Only 1 sailing has been advertised so far.

Asean Seas Line

ASL withdraws capacity from Australia China Express (ACX) service

Asean Seas Line has reversed its plans to expand the Australia China Express (ACX) service and have started to remove ships from the loss making service. The 1,730 teu newbuilding ASL PEONY that was originally slated to join the ACX service on 16 March 2023 has been redeployed on the China-Hong Kong-Haiphong 2 service (HHX 2), while the 1,781 teu ASL HONG KONG has also shifted from the ACX to HHX 2 on 25 March 2023. The last ACX ship, the 1,930 teu ASL BAUHINIA, is completing its northbound tr

Russia

Ruscon & MAS launch Turkey-St Petersburg link

Delo Group's Ruscon has partnered with Mountain Air Shipping (MAS), an international container shipping company based in Dubai, to operate a new liner service connecting Istanbul and St. Petersburg. The first sailing from Turkey was made on 30 January 2023 with the 707 teu SASCO ANIVA. The service will operate monthly and turns in 36 days, with a transit time of 15-17 days between Ambarli (Kumport) and St Petersburg (FCT).

SeaLead

SeaLead starts Australia India Pakistan (ASIA) service

SeaLead’s new Australia India Pakistan (ASIA) service has started on 21 March 2023 with the 4,395 teu REN JIAN 26 that has been newly chartered from Antong for a period of 6 months. The service calls at Port Klang, Melbourne, Sydney, Brisbane, Port Klang, Karachi, Mundra, Nhava Sheva, Port Klang. The service will operate on an irregular frequency of around 3 to 4 weeks, with a second ship expected to phase in April.

Services

Sinokor launch new Thailand South China service

Sinokor is starting a new Thailand Direct Express (TDX) service that connects South China and Thailand. The new service will call at Hong Kong, Shekou, Laem Chabang, Hong Kong on 11-day round trip with the 1,118 teu SENDAI TRADER. SENDAI TRADER will phase in at Hong Kong on 21 April after coming out of drydock. SENDAI TRADER was previously deployed in Sinokor's Pyongtaek Xingang Service (PXS).

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