Hapag-Lloyd and Feedertech (Unifeeder) have teamed up to introduce a new Vietnam Indonesia Service (VIS) connecting Singapore, Ho Chi Minh City, Singapore, Port Klang, Belawan, Penang, Port Klang, Singapore. The service will start from 6 April 2023 and turns in 2 weeks with the 1,781 teu CAT LAI EXPRESS from Hapag-Lloyd and 1,577 teu CELSIUS NEW ORLEANS from Feedertech. Vietnam Indonesia Service (VIS)
X-Press Feeders has launched a new Intra Adriatic X-Press (IAX) service on 1 April 2023 calling at Venice, Koper, Venice with the 698 teu SUNAID X.
Additional data for 30 departures returned today by our algo and there was little change, i.e the utilization level for vessels departed this week so far has been very high. Spot freight rates as represented by Shanghai Container Shipping Index (SCFI) has the first up move in a year. SCFI is usually trend sensitive in the way that if it moves up in one week, the chance of it moving up in the next week is over 50%. SCFI has published 720 editions since its inception in March 2009. Of these 720
Capacity utilization of all Inter-Regional trades and the 4 main east-west trades for vessels that have departed during the first 4 days of this week ( i.e. between 26 Mar and 29 Mar) moved up to level have not been seen since August last year. Although there has been week to week volatility, this set of data has been trending up since reaching a recent cycle low in week 5 of 2023. This 2-month up trend has to be looked at in connection with the sequential increase in capacity deployed into th
CIMC reported FY2022 results over night (28 March) that its net profit dropped 52% YoY driven mainly by the decline in the sales volume of dry containers. COSCO Development also reported FY2022 before market open on 31 March where its earnings dropped 36% YoY. Combined dry container output dropped 50% for these three manufacturers during 2022 after the industry has reached a record high in output during 2021. 2022 output was higher than the level in 2019 and 2020 but on par with the historical
Asean Seas Line (ASL) has withdrawn the Australia China Express (ACX) service after the last ACX ship the 1,930 teu ASL BAUHINIA completed its last sailing on 29 May 2023. Although an ASL representative says the company will continue the ACX service beyond April, the service failedd to continue with the planned deployment of the newbuilding ASL TAIPEI which was redeployed on the Ningbo Philippines (NPX) service from June 2023.
The North Europe-West Africa service jointly operated by Hapag-Lloyd/Arkas will be expanded to add a new southbound call at Dakar. The service is branded as the West Africa Express (WAX)/Europe Africa Service (EAS) respectively by Hapag-Lloyd and Arkas. The new rotation will start from 7 May 2023 and call at Antwerp, Le Havre, Tanger Med, Dakar, Tema, Abidjan, Tanger Med, Antwerp. The service turns in 4 weeks and deploys 3 ships of 4,250 teu from Hapag-Lloyd and one 2,500 teu ship from Arkas.
Hapag-Lloyd will launch a new West Africa 1 (WA1) service that connects Tanger Med, Nouakchott, Freetown, Conakry, Monrovia, Tanger Med from 15 May 2023. The new service will be operated on a fortnightly frequency and turn in 4 weeks using 2 ships of 1,700 teu.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202313] Freight rates remain soft, with the SCFI resuming its weekly decline after the previous week’s gain with the Asia-Europe trade the only main market where carriers can push rates increases. In contrast, charter rates have rebounded with demand from carriers staying high while the number of idled ships are quickly diminishing. Carriers are gearing up for the summer deployment that begins in earnest from April and May,
Russian operator Transit Line has launched a direct China to St Petersburg service on 30 March 2023 with the 2,193 teu XIN LONG YUN 86 which will be the largest ship that the Russian operator has operated so far. The new service will connect Shanghai, Ningbo, Xiamen, Nansha, St Petersburg. Only 1 sailing has been advertised so far.