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Services

Containerships Launches BLX

Containerships, the intra-Europe short sea subsidiary of CMA CGM, is launching a new Baltic Express (BLX) service that will call at Bremerhaven, Hamburg, Gdansk, Klaipeda, Riga, Norrkoping, Bremerhaven as an expansion of the Poland Express (PLX). The two vessels, the 1,404 teu HEINRICH EHLER and 1,638 teu BALTIC TERN, currently deployed in th PLX will be redeployed on the BLX. HEINRICH EHLER will start BLX on 1 May 2023 at Bremerhaven followed a week later by BALTIC TERN.

Services

Swire/UWL adds Busan call on Sun Chief Express transpacific service

Swire Shipping and UWL have added a new westbound call at Busan on their jointly operated Sun Chief Express transpacific service to the Pacific Northwest. The revised rotation will call at Seattle, Busan, Haiphong, Ho Chi Minh City, Seattle and retain its fortnightly frequency using 3 ships of 2,300-2,700 teu on a 6 week rotation. The first call at Busan was made on 15 April 2023 by the 2,381 teu CHANGSHA.

Companies

Matson earnings dropped 91% YoY in 1Q but might have troughed

Matson provided earning alert for 1Q 2023 after US market close yesterday (19 Apr). Net profit at $29.3m to $33.8m, suggesting 60% QoQ and 91% YoY drop, which should be expected by the capital market. The QoQ growth in volume particularly for the China route was a surprise given the China service capacity during 4Q 2022 was much larger than 1Q 2023. Matson is earning premium freight rates relative to the going spot rates and it has exposure to the relatively more stable cabotage businesses, whic

Services

HMM launch PSX after THE Alliance drops PS8

HMM has launched a standalone PSX service that connects Shanghai, Kwangyang, Busan, Long Beach, Oakland, Busan, Kwangyang, Incheon, Shanghai using 6 ships of 10,000 teu that are shifted from the former PS8 service that was operated as part of THE Alliance's transpacific network. The PSX retakes the same port rotation and ships as the PS8, with ONE taking slots from HMM with an allocation of 2,977 teu per voyage. Hapag-Lloyd and Yang Ming will not participate on the PSX. The last PS8 sailing

Services

MSC extends Panda service to Busan

MSC will extend the China-Australia Panda service to Busan in order to provide a direct connection between Australia and South Korea with transhipment options to Japan. This upgrade will also provide relay connections to and from New Zealand, New Caledonia and Fiji with South Korea and Japan via Sydney and Brisbane hubs. The extended rotation will call at Busan, Qingdao, Shanghai, Ningbo, Hong Kong, Yantian, Brisbane, Melbourne, Sydney, Busan with the first call at Busan on 29 April 2023 with t

Services

CMA CGM and MSC add Ennore call on Australia Express/NEMO Service

CMA CGM and MSC will add a new call at Ennore on the westbound leg of their jointly North Europe Med Oceania (NEMO)/Australia Express (AEX) service from 9 June 2023. The new call will provide the direct import connections from Australia and Singapore to Ennore, and export connections from Ennore to the Med and North European ports. The revised NEMO/AEX service will call at London Gateway, Rotterdam, Hamburg, Antwerp, Le Havre, Fos, La Spezia, Gioia Tauro, Pointe De Galets, Port Louis, Sydney, M

Services

Sinotrans/SITC extend CHS/CJV5 to Busan

Sinotrans and SITC have extended their jointly operated China Haiphong Service (CHS/CJV5) with a northbound extension to Busan from 3 April 2023. The extended CHS/CJV5 service calls at Busan, Ningbo, Shanghai, Hong Kong, Haiphong, Danang, Hong Kong, Ningbo, Shanghai, Busan on a 3 week rotation using the 1,510 teu REN JIAN 6 and 1,774 teu INFERRO from Sinotrans and the 1,808 teu SITC SHANDONG from SITC.

Services

Oceanus Line launch Florida Gulf Express (FGX)

Oceanus Line has launched a new Florida Gulf Express (FGX) service that connects Port Manatee, Freeport (Texas), Veracruz, Cartagena, Port Manatee on a fortnightly basis with the 1,740 teu X-PRESS COTOPAXI. The service started on 18 March 2023 at Cartagena, with an ad hoc call at Tuxpan enroute to Port Manatee on its inaugural voyage. Oceanus Line is based in Miami, Florida and was established in October 2022.

MarketPulse

Market Pulse – 2023 Week16

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202316] Freight rates have rebounded strongly on the back of the mid-April GRI, with the SCFI up 8% last week due mainly to rate increases on the Transpacific, Middle East and Latin America routes. Transpacific spot rates increased by 29% to the US West Coast to over $1,600/feu, providing carriers some leeway to negotiate contract rates at $1,400-1,500/feu – a level that would not be possible to achieve if spot rates had rem

Services

e-Shipping launch Korea Vladivostok Express (KVE) service

e-Shipping, a new carrier based in Turkey with backing from Russian interests, has launched the Korea Vladivostok Express (KVE) service that connects South Korea and China with the Russian Far Eastern port of Vladivostok. The KVE will deploy 3 ships of 700-1,700 teu that will call variously at Vladivostok, Busan, Xingang, Dalian, Rizhao, Shanghai, Ningbo, Xiamen and Shekou. The service was started from 3 March 2023 with the 698 teu FESCO PARIS that is on charter from FESCO, and was followed by

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