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
Unimed has launched a new Malta-North Africa feeder service that connects Malta, Skikda/Sfax, Malta on 15 April 2023 with the 936 teu MOLIVA.
CMA CGM and Unifeeder/Unimed will launch a new Black Sea service that will call at Piraeus, Ambarli, Poti, Piraeus starting from 21 April 2023. The service is branded as the Caucasus Georgia Express by CMA CGM and Greece-Turkey-Georgia service by Unifeeder/Unimed, and will deploy the 1,096 teu CMA CGM BLOSSOM and the 1,145 teu SC PHOENIX on a 14 day rotation.
Taiwanese liners’ March revenue (in USD) rebounded 14% MoM versus CCFI’s continue decline. YoY comparison is still negative by 66%. The sequentially rebound is likely volume driven, a normal seasonal pattern from Feb to Mar.
Ellerman will launch a new Poland to UK Express (IPEX) service from 28 April 2023 calling at Gdynia, Teesport, Tilbury, Gdynia with the 966 teu NOVA.
Tangshan Hede Shipping has launched a new China-Vietnam-Thailand 1 (CVT1) service that will provide the first direct connection between its home port of Tangshan with Vietnam and Thailand via transhipment at Nansha. The CVT1 service connects Nansha, Ho Chi Minh City, Laem Chabang, Nansha. The service started on 7 April 2023 with the 1,096 teu HS HONG KONG that has joined Hede Shipping on a 6 to 8 months charter at $13,000 per day. (Update : The ship has been replaced by the 1,060 teu TRANSIMEX
Lotus Link, the joint venture of Zim and Hai An Transport, has launched its first service from 18 March 2023. The Haiphong-Saigon-Port Klang 1 (HSP1) service connects Haiphong, Ho Chi Minh City, Port Klang, Ho Chi Minh City using 2 Vietnamese flagged ships - the 1,060 teu HAIAN LINK and the 1,134 teu TC SYMPHONY that allows it to operate on both the domestic route and international route.
COSCO's 1Q profit alert out after market in Shanghai today (10 Apr). Profit to shareholders (in Rmb) dropped 44% QoQ an 68% YoY. No revenue figure has been given and hence OPEX and EBIT margin are not available. COSCO has book a large amount of provision during the past two years and hence COSCO's EBIT going forward may not be comparable to the industry peers.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202315] Market sentiment continues to turn positive, led by Transpacific carriers that have announced GRIs on the Asia-US trade that will push spot rates up by $600-1,000 per feu on 15 April. Capacity utilisation on the US West Coast routes have risen in the last 2 weeks with supply still limited by blanked sailings, which would provide support for the GRI push that will mark the first significant rate rebound since July 202
Samskips has added a weekly Gothenburg-Iceland connection with the addition of the Swedish port on its existing Iceland-Faeroe-Europe service starting from 6 April 2023. The service will call at Rotterdam, Cuxhaven, Gothenburg, Aarhus, Runavik, Reykjavik, Grundartangi, Vestmannaeyjar, Runavik, Rotterdam using the 908 teu HELGAFELL and ARNARFELL that will turn on a 14 day rotation.