Containerships, the intra-Europe arm of CMA CGM, will launch a new Scotland Express 2 (SCX 2) service connecting Rotterdam, Hull, Grangemouth, Rotterdam from 8 July 2023 using the 750 teu ENCOUNTER. The SCX 2 will turn weekly in 7 days and will call at 3 terminals at Rotterdam - Rotterdam World Gateway (RWG), Dedicated Delta South (DDE) and RST Zuidzijde. It will complement that Scotland Express (SCX) service that currently calls at Rotterdam, Teesport, Grangemouth, Rotterdam that is operated
FESCO has launched a new FESCO Black Sea Service (FBSS) connecting Rizhao, Shanghai, Shekou, Nhava Sheva, Novorossiysk with the 1,118 teu FESCO ASKOLD making the maiden voyage from Rizhao on 12 June 2023. The ship is scheduled to arrive at Novorossiysk on 19 July after a 36 day one-way transit. The FE-Med service will be operated irregularly for the time being, and will run alongside the FE-Baltic FESCO Baltorient Line (FBOL) that operates between Rizhao, Lianyungang, Shanghai, Ningbo, Yantian,
Container port congestion remained steady over the past week, with the total capacity tied up at anchorages at 1.7m teu or 6.4% of the fleet. There has been no significant changes across the 3 main regions of North Asia, North America and Europe with the congestion situation remaining steady throughout the past week. The resolution of the ILWU contract negotiations is expected to see further improvements across the US West Coast ports but the threat of a strike across the border remains as th
Akkon Lines will introduce a new Turkiye Oran Service (TOS) calling at Ambarli, Gebze, Gemlik, Aliaga, Oran, Ambarli from 1 July 2023 using the 658 teu DEPE.
Transpacific rates continued their decline over the past week, with carriers forced to undercut rates on both the West Coast and East Coast as capacity utilization levels are still dropping. There will be some capacity reductions over the coming weeks, with carriers expected to obtain a $200-300/feu rate increase in early July but the sustainability of the rate increase remains in doubt after the failure of the last 4 transpacific GRI attempts. Asia-Europe rates continued to slip despite relat
Evergreen Marine Corp. (‘EMC’), the Taiwan listed arm of the Evergreen Group, has announced the acquisition of the privately owned Evergreen Marine (Singapore) (’EMS’) for $780m on 19 June 2023, in a landmark deal that will pave the way for the eventual consolidation of the Evergreen Group’s container shipping assets into EMC. The acquisition is part of the Chang family’s moves to dissolve the Evergreen Group as the 4 sons of the late YF Chang battle for control of the group’s assets. The publi
PIL will launch a new Intra-Red Sea Feeder 2 (IR2) service connecting Djibouti, Hodeidah, Djibouti from 29 June 2023 using the 938 teu KOTA RAHMAT. The service complement the Intra-Red Sea Feeder 3 (IR3) service that calls at Djibout, Aden, Djibouti using the 1,802 KOTA HASRAT as part of PIL's moves to broaden its presence in Yemen.
Wan Hai's Japan Korea Haiphong (JKH) service will be withdrawn with the last sailing by the 1,510 teu WAN HAI 281 that will end at Shekou on 2 July 2023. The service deployed 3 ships of 1,500-1,800 teu on a 21 days round trip that called at Moji, Hakata, Ulsan, Busan, Kwangyang, Keelung, Kaohsiung, Nansha, Haiphong, Qinzhou, Hong Kong, Shekou, Xiamen, Moji.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202326] Market sentiment remains bearish with freight rates still slipping. The SCFI declined further in the holiday-shortened week in China, led by the rapid drop in Transpacific rates. Although carriers are pushing for another transpacific GRI on 1 July, the failure of the last 4 attempts will hurt their credibility with lines putting little effort to remove capacity while utilisation rates remain well below the level requ
Grimaldi has introduced a new container/roro service connecting Europe and ANZ with an irregular monthly frequency. The maiden voyage was made by the 31,340 dwt GRANDE COTONOU (1,800 teu/5,770 lane meters) from 3 April 2023 that called at Southampton, Bremerhaven, Antwerp, Gioia Tauro, Jeddah, Melbourne, Auckland. After the Auckland call on 4 June 2023, the ship will make a return trip to Europe via Busan, Shanghai, Laem Chabang.