COSCO will withdraw its CENX "Prince Port Express Line" transpacific service that connects Qingdao, Shanghai, Prince Rupert, Qingdao. The last sailing was made by the 4,250 teu XIN YING KOU that departed from Qingdao on 12 November 2022. The CENX was first launched on 26 October 2021 by COSCO using 5 ships of 4,200-5,000 teu. In April 2022, OCEAN Alliance partners OOCL and CMA CGM began to participate on the service, branding it as the Pacific China North 2 (PCN2) and Great Lakes Express (GLX)
X-Press feeders will launch a new Sohar Qatar X-Press (SQX) service connecting Jebel Ali, Sohar, Jebel Ali, Mesaieed, Hamad, Jebel Ali on a butterfly rotation that will turn weekly in 7 days using a single 1,700 teu ship. The SQX is scheduled to start from Sohar on 1 January 2023.
US retailer Costco has recorded a $93m charge in the fiscal quarter that ended on 20 November 2022 for the termination of charters for 7 containerships as well as related equipment leases that it had operated on the Asia to US routes. The one-off charge will more than erase all the savings that Costco enjoyed since the company started operating their own ships through an exclusive charter arrangement with US operator Pasha that started in August 2021. Costco said that it had shipped nearly 50,
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202249] Freight rates have continued to weaken with carriers unable to push through their mid-December GRI efforts as capacity utilisation remaining soft across all key tradelanes. Carriers remain reluctant to remove capacity in any meaningful manner apart from ad hoc blank sailings. Charter rates have found support with carriers still chasing for tonnage despite the collapse in freight rates. Today’s announcement of the ch
China United Lines (CUL) will continue to operate the Transpacific Express II/South China-West US (TPC) service connecting Nansha, Yantian, Los Angeles, Nansha following the termination of the charter arrangement for the 12 panamax ships from Antong. The 4,130 teu REN JIAN 19 is expected to make the last trip for CUL using Antong’s ships, departing from Nansha on 14 December 2022. CUL will deploy smaller ships on the service from 20 December, starting with the freshly chartered 1,708 teu SUNRIS
China United Lines (CUL) has reached a settlement with Antong Holdings for the early termination of its Long Term Cooperation Agreement on 8 December 2022, subject to the approval of Antong shareholders. CUL had given notice to Antong on 28 November 2022 for the termination of the agreement that involves the charter of 12 panamax ships of 4,132 teu to 4,713 teu from Antong for $52,000 per day and the lease of Antong containers for operations on the Asia-Europe and Transpacific routes under a p
The aggregate November monthly revenue for the 3 Taiwanese liners amounted to $2,2bn, down 18% MoM and 44% YoY. The 18% sequential drop was faster than the CCFI's 14% sequential drop in November.
Evergreen is launching a new Intra-SEA service called Vietnam-Malaysia-Indonesia Service(VMI), which will rotate through Haiphong, Ho Chi Minh City, Port Klang Westport, Tanjung Pelepas, Jakarta, Semarang, Surabaya, Singapore, Tanjung Pelepas, Haiphong on 21-days round trip. 1,844 teu EVER CHASTE, 1,809 teu EVER CHARM and 1,984 teu GREEN CELESTE will phase in respectively on Jan 10, Jan 17 and Jan 24 at Haiphong. 1,844 teu EVER CHASTE and 1,809 teu EVER CHARM have until recently been deploye
ZIM and its subsidiary GSL are to introduce the new Thailand Fremantle Express (TFX) that will connect Ho Chi Minh City, Laem Chabang, Port Klang, Sydney, Melbourne, Fremantle, Port Klang, Ho Chi Minh City. The TFX will turn in 6 weeks on a 42-days round trip, starting with the 2,450 teu GSL AFRICA and 1,717 teu OPHELIA that will phase in at Ho Chi Minh City on Dec 26 2022 and Jan 2 2023 respectively. GSL AFRICA is currently deployed in China 2 Australia Express (C2A) while OPHELIA is being
Emirates Shipping Line (ESL), Interasia Lines (IAL) and TS Lines (TSL) will launch a new China Malaysia Service/China Malaysia Express (CMS/CMX) connecting Qingdao, Shanghai, Xiamen, Hong Kong, Shekou, Port Klang (NP/WP), Penang, Port Klang (WP), Nansha, Hong Kong, Qingdao from 20 December 2022. The service will turn in 4 weeks using 4 ships of 1,700-2,600 teu.