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Services

CUL introduces new Asia East Med (AEM) service

China United Lines (CUL) has launched a new Asia-East Mediterranean Sea Service (AEM) in March 2022. The service kicked off on 10 March 2022 with the 4,395 teu REN JIAN 16 calling at Qingdao, Shanghai, Ningbo, Shekou, Ashdod, Ambarli, Piraeus, Qingdao with an ad-hoc westbound call at Cai Mep also added. The service is currently running on a monthly basis, with the second sailing scheduled on 8 April 2022 with the 2,492 teu GROTON.

Services

Zim/GSL to launch Bangladesh Thailand Service (BTS)

Zim and its affiliate Gold Star Line will launch a new Bangladesh Thailand Service (BTS) from 13 April 2022 to connect Laem Chabang, Port Klang, Chennai, Colombo, Laem Chabang. The service will initially run on a fortnightly basis with 2 ships of 1,050-1,150 teu, starting with the 1,054 teu SINAR BANGKA on 13 April followed by the 1,155 teu SPIRIT OF DUBAI in May.

MarketPulse

Market Pulse – 2022 Week 12

Download Full Report [https://www.linerlytica.com/uploads/Linerlytica-MP12.pdf?utm_source=W202212] MARKET BRIEF - 2022 WEEK 12 Freight rates registered their 11th consecutive weekly fall to reach a 7 month low, with weakness across all tradelanes out of China, with the sharpest falls on the Europe, South America, Australia and Middle East routes. The newly announced lockdowns in Shanghai will further dampen export demand out of China. Charter rates have finally broken their 4 month rising traje

Companies

OOCL's 21H2 results disappoint

OOCL’s second half net profit came out after market about $1bn (i.e. 20%) below our estimate on much higher than expected operating expenses. Having been a more costs efficient operator for most of the past couple decades, OOCL reported much higher unit costs than the industry average for 21H2.

Services

IAL/PIL/RCL to launch new China Vietnam India service

Interasia Lines, Pacific International Lines and Regional Container Lines will jointly launch a new China India service in April. The service is branded by the respective partners as the China-Saigon-India/China Vietnam India/RCL Far East Madras 2 (CSI/CVI/RFM2). The service will call at Ningbo, Shanghai, Ho Chi Minh City, Singapore, Chennai, Visakhapatnam, Port Klang, Ho Chi Minh City, Ningbo using 4 ships of 1,7000-2,400 teu of which PIL will contribute 2 ships while IAL and RCL will provide

Services

Zim splits ZMP

Zim has decided to split its ZIM MED PACIFIC (ZMP) pendulum service into 2 separate loops to avoid delays due to port congestion. The ZMP was originally scheduled to start on 1 April 2022 and will call at Busan, Vancouver, Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Port Klang, Haifa, Ambarli, Yarimca, Port Klang, Cai Mep, Dachan Bay, Yantian, Xiamen, Ningbo, Shanghai, Busan. It was to deploy 15 ships of 3,400 to 4,300 teu and replaces ZIM’s current participation on the 2M services covering

Companies

Return on Asset for Container Liners 2019-2021

RoA may have reached cycle peak in 21Q4 Average Return on Assets (RoA) for the 9 main carriers that have posted their 2021 financial results dropped from 58% in 21Q3 to 54% in 21Q4, the first quarterly drop since 20Q1 as sequential growth in net profit could not keep pace with the balance sheet expansion. The same trend likely continue until 22Q2 when the container liners slim down their balance sheet through dividend distribution. RoA, a compound of net profit margin and asset turnover, measur

MarketPulse

Market Pulse – 2022 Week 11

Download Full Report [https://www.linerlytica.com/uploads/Linerlytica-MP11.pdf?utm_source=W202211] MARKET BRIEF – 2022 WEEK 11 Spot freight rates dropped for the 10th consecutive week, with the impact of the lockdowns in several cities in China and the Ukraine conflict weighing down further on freight demand. Charter rates also appear to have peaked by the end of the week with the first drop in the charter rate index since early December. This has not deterred carriers from chasing tonnage with

Services

Pan Ocean and Dong Young to launch New Haiphong Express (NHX)

Pan Ocean and Dong Young will launch the New Haiphong Express (NHX) service on 27 March 2022 using 2 ships of 700 teu. The service will connect Busan, Kwangyang, Incheon, Haiphong, Shekou, Incheon, Busan.

Services

Wan Hai launches new China-Vietnam-India service

Wan Hai has launched a new South China-Vietnam- Eastern India service (CI7) that will connect Haiphong, Zhanjiang, Nansha, Ho Chi Minh City, Port Klang, Chennai, Visakhapatnam, Port Klang, Haiphong using 4 ships of 1,400-1,700 teu. The service will start at Haiphong on 26 March 2022 with the 1,440 teu CAPE FARO.

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