All News

Services

Global Feeder Shipping launch new Colombo-Kolkata service

Global Feeder Shipping (GFS) will launch a new Colombo-Kolkata service from 1 March 2023. The service calls weekly at Colombo, Kolkata, Colombo and turns in 14 days with the 1,440 teu AS RAFAELA and the 818 teu PREMIER.

Services

Tailwind Shipping Lines introduces TEX Service

Tailwind Shipping Lines has launched a new service from Bangladesh to Europe called the Tiger Express (TEX) service. The service is named after the Bengal tiger and will connect Chittagong, Barcelona, Moerdijk, Chittagong, with a transit time of less than 20 days between Chittagong and Barcelona. The TEX is scheduled to start from 11 March 2023 with the 917 teu FAITH. The service will operate on an irregular frequency with 3 ships of 800-900 teu on a 17 day frequency. Tailwind had already opera

Markets

FE-WCNA utilization dropped below 70%

This week's preliminary FE-WCNA utilization data dropped below 70% for the first since we started tracking this data series in Q4 2020. These preliminary data only covered 3-days of this week, i.e. 13-15 Feb, where 11 vessels have left Far East to head to West Coast North America. Among the 11 vessels, the utilization level ranges from 44% to 88% but all except one were at or below 80%. The average utilization in this route have been around 83% over the last two years. Resumption of services

Services

CMA CGM and OOCL to launch Bangladesh India Gulf Express (BIGEX)

CMA CGM and OOCL/COSCO are jointly launching a new Bangladesh India Gulf Express (BIGEX) service that connects Chittagong, Colombo, Mangalore, Nhava Sheva, Mundra, Jebel Ali, Abu Dhabi, Chittagong. The service is scheduled to start from 5 April 2023 and will turn in 28 days with 4 ships of 1,700 teu, of which 3 are from CMA CGM and 1 ship from OOCL.

Services

Wan Hai introduce new CI8 service

Wan Hai will start a new China West India Service VIII (CI8) connecting Nansha, Haiphong, Ho Chi Minh City, Surabaya, Singapore, Port Klang Northport, Colombo, Mundra, Nhava Sheva, Port Klang Northport, Ho Chi Minh City, Danang, Haiphong, Qinzhou, Nansha in February 2023. The service will start from 26 Feb 2023 with the 3,013 teu WAN HAI 353 at Nansha. The services is expected to turn in 6 weeks and will initially operate on an irregular schedule.

Companies

Focus Container Line in liquidation

Focus Container Line has become the second casualty of the container market downturn after liquidators were appointed on 14 February 2023 to wind up the company that is based in Brendale in Queensland, Australia. It follows the insolvency of the UK based Allseas Global Project Logistics in October 2022. Both companies suffered from their ill-timed entry into the container shipping markets that have been hit by a collapse in freight rates. Focus Container Line was established in March 2022 but o

Services

X-Press Feeders launch Intra Morocco X-Press (IMX)

X-Press Feeders has launched the Intra Morocco X-press (IMX) that connects Tangier and Casablanca with the 868 teu X-PRESS SOUSSE. The service has started on 5 February 2023 at Tangier with sailings every 4-5 days.

Service cancellations

Continental Shipping Line (CSL) repudiated Euroseas charter

Continental Shipping Line (CSL) has repudiated the charter for Euroseas' 1,471 teu AEGEAN EXPRESS that was originally fixed in April 2022 for a period of 36 months at a daily time charter rate of $41,000. The ship was drydocked in October 2022 and was still undergoing the drydock in January 2023 when CSL repudiated the charter. Euroseas said it is pursuing legal action and the ship is currently seeking a replacement charter after completing drydock on 10 February 2023. CSL had first chartered t

Services

Samudera merge Yangon service with Central Vietnam service

Samudera Shipping has merged 2 Southeast Asian feeder services into an extended rotation connecting Yangon, Singapore, Quinhon, Danang, Singapore, Yangon. The extended service will replace the Singapore Yangon Service (YGX) and Central Vietnam Service (CVS) and the 3 ships that are currently operating on these services have been phased into the new service - the 1,054 teu SINAR SOLO and SINAR BANDUNG, together with the 1,048 teu SINAR BANDA.

Services

MTT Shipping launch Straits-Yangon service

MTT Shipping has launched a new Straits Yangon service connecting Singapore, Port Klang, Yangon, (Penang-optional), Singapore using the 1,162 teu MTT SAISUNEE. The service will start from Singapore  on 19 February 2023 and will operate with a single ship on a 13-14 day frequency. The service will call at Westport in Port Klang and at Myanmar Industrial Port (MIP) in Yangon. Samudera Shipping, Continental Shipping and OOCL are taking slots on this service that is branded respectively as the Yan

© 2023 Linerlytica (ver. 1.0.16). All rights reserved.
Liner Analytics Pte. Ltd.