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Market Pulse 2024 Week 26

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202426] The container market remains red hot with short term charter rates breaching the $150,000 per day benchmark and spot freight rates rising above the $8,000/feu level, setting new highs not seen since the end of 2022. New services out of Asia continue at a rapid pace, led by the Mexico route with 6 new services launched since May, followed closely by 5 new services to the US West Coast and 3 new services to North Europ

Services

MSC combines Swan and Sentosa to become a North Europe-Asia-USWC pendulum service

MSC will combine its existing Asia-Europe Swan service with its Asia-USWC Sentosa service into a new North Europe-Asia-USWC pendulum service called Swan Sentosa. The Swan Sentosa is scheduled to start from 1 July 2024 and will call at Qingdao, Ningbo, Shanghai, Yantian, Tanjung Pelepas, Felixstowe, Antwerp, Hamburg, Gdansk, Gdynia, Klaipeda, Bremerhaven, Antwerp, Singapore, Laem Chabang, Cai Mep, Busan, Long Beach, Oakland, Busan, Qingdao. The new service will turn in 23 weeks and will deploy

Services

Emirates Shipping launch Gulf-Red Sea Connector (EGRC) service

Emirates Shipping Line has launched a new ESL Gulf Red Sea Connector (EGRC) service calling at Jebel Ali, Aqaba, Sokhna, Jeddah, Mundra, Jebel Ali from 28 May 2024. The rotation of the EGRC is not fixed and will differ between sailings. The EGRC will turn in around 30 days on an irregular frequency and deploys the 1,781 teu ASL TAIPEI and 1,930 teu ASL PEONY.

Services

Diamond Line launches Piraeus-Constanta Express (PCE)

Diamond Line, the intra-European feeder arm of COSCO Shipping, has launched a new Piraeus-Constnata Express (PCE) service connecting Piraeus, Constantza, Piraeus from 12 June 2024. The PCE service in 7 days and deployed the 1,432 teu CONTSHIP SEA for the maiden voyage from Piraeus on 12 June before being replaced by the CONTSHIP RUN from 19 June. Piraeus-Constanta Express (PCE)

Services

MSC launch Osprey service connecting China to India East Coast

MSC will laucnh a new Osprey service connecting Shanghai, Ningbo, Singapore, Colombo, Ennore, Visakhapatnam, Ningbo from 23 July 2024. The Osprey service will turn in 35 days using 5 ships of 2,000 teu to 3,000 teu starting with the 2,470 teu MSC SOMYA III at Ningbo on 23 July.

Services

Maersk launch SH3 service connecting China-Straits-Chittagong

Maersk will launch a new Central China-Straits-Chittagong service 3 (SH3) service connecting Shanghai, Xiamen, Kaohsiung, Nansha, Tanjung Pelepas, Chittagong, Tanjung Pelepas, Shanghai from 3 July 2024. The SH3 service will turn in 28 days and will deploy 4 ships of 2,300 teu to 2,800 teu starting with the 2,806 teu MCC YANGON at Xiamen on 3 July 2024. Maersk SH3 rotation

Services

Maersk launch AC1 service connecting Asia to Mexico and Ecuador

Maersk will launch a new AC1 service connecting Ningbo, Qingdao, Busan, Lazaro Cardenas, Posorja, Ningbo from 30 June 2024. The AC1 service will turn in 56 days and will deploy 8 ships of 4,200 teu to 5,100 teu starting with the 4,395 teu REN JIAN 17 at Ningbo on 30 June 2024. The service will complement Maersk's existing AC2 and AC3 service connecting Asia to the West Coast of South America. The AC2 service will be revised with the removal of the call at Posorja while Lazaro Cardenas and Manz

CMA CGM

CMA CGM launch EMED1

CMA CGM will launch a new EMED1 service connecting Antalya, Alexandria, Beirut, Antalya from 10 July 2024 with the 1,118 teu WILHELMINE. The weekly servce will turn in 7 days.

Services

MSC launch new Asia-Mexico Dahlia service

MSC will launch a new Dahlia service connecting Shekou, Xiamen, Shanghai, Busan, Manzanillo, Lazaro Cardenas from 3 August 2024. The new service will complement the Mexicas service that was just launched by MSC in May 2024 with a revised rotation that will call at Xingang, Qingdao, Ningbo, Busan, Manzanillo, Lazara Cardenas with a new call at Xingang added while the previous call at Shanghai will be removed and shifted to the Dahlia service. The first sailing for the new Dahlia service is sche

Services

SITC launch Malaysia-India-Myanmar (MIM) service

SITC has launched a new Malaysia-India-Myanmar (MIM) service calling at Port Klang, Haldia, Yangon, Port Klang from 5 June 2024. The MIM turns in 14 days and deploys 2 ships of 907 teu starting with the SITC NAGOYA at Haldia on 5 June and followed by the SITC TIANJIN.

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