Maersk reported before European market open today (8 Feb). 4Q EBIT came out as $5.0b, better than the $4.8bn guided in November. Although not being very surprising, this beat has to be viewed in context that the 4Q EBIT was down 47% QoQ and 26% YoY. The main delta contributing to Maersk's profit was the 23% QoQ fall in average freight rates, which however was less than the 455 QoQ fall in CCFI due to Maersk's higher than average contract mix. The most concerning to the capital market is that
MSC will add a new service connecting NWC to/from Dublin and Cork that will provide connections at the Northwest Continent hubs of Antwerp and Le Havre. The service will start on 28 February 2023 at Dublin with the 1,730 teu CARLA-LIV that will call at Dublin, Cork, Le Havre, Antwerp, Dublin. The service will turn in 2 weeks. NWC TO/FROM DUBLIN AND CORK service rotation
MSC will extend its Sentosa transpacific service to the Indian subcontient with the addition of new calls at Nhava Sheva, Mundra and Colombo. The extended Sentosa service will call at Nhava Sheva, Mundra, Colombo, Port Klang, Singapore, Tanjung Pelepas, Laem Chabang, Cai Mep, Dachan Bay, Shekou, Long Beach, Oakland, Busan, Qingdao, Shanghai, Ningbo, Kaohsiung, Shekou, Singapore, Nhava Sheva, starting from 13 February 2023 with the 11,660 teu MSC SOLA from Nhava Sheva. The extended service wi
SeaLead has introduced a new Mediterranean-US East Coast (MEC) service connecting New York, Norfolk, Charleston, Jacksonville, Damietta, New York. The MEC service started on 22 January 2023 with the 3,380 teu AVNI from New York, after a trial Transatlantic run by the same vessel in December 2022. The new service turns in 5 weeks but will operate on an irregular basis with only 1 ship currently deployed.
SeaLead will re-route its Asia-US East Coast (AEC) service from Panama to the Suez route by transhipment at Damietta. The service will replace its previous AEC service that was first launched in March 2022 to connect Nansha, Ningbo, Qingdao, Busan, Norfolk, New York, Charleston, Jacksonville, Nansha via the Panama Canal. TS Lines joined the service in July 2022 by adding a 5,400 teu ship to complement the 3 ships of 4,900-6,900 teu that SeaLead employed on the AEC. This service has been suspende
SeaLead has launched a new Five Seas Express (5CX) service connecting Qingdao, Shanghai, Ningbo, Nansha, Port Klang, Jeddah, Damietta, Ambarli, (Misurata - irregular), Damietta, Jeddah, Port Klang, Qingdao. The service started on 12 December 2022 with the 6,966 teu TIMON, followed by the 6,661 teu HAKUNA MATATA on 15 December 2022 and the 5,060 teu PUMBA on 28 December 2022 from Qingdao. It will turn in 10 weeks on an irregular frequency, with 6 ships of 5,000-7,000 teu currently assigned to t
SeaLead has launched a new Sudan Red Sea Shuttle (SRS) service connecting Jeddah and Sudan on 20 January 2023 with the 1,078 teu SENTOSA TRADER. The service operates on a 10 day frequency and calls at the DPW Red Sea Gateway Terminal in Jeddah and the Port Sudan container terminal.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202306] Carriers continue to discount spot freight rates in the first week after the Lunar New year holidays in Asia with blanked sailings once again proving to be ineffective in countering the slide in volumes. The Asia-Europe route was the only trade a a substantial roll pool but the healthy capacity utilisation offered little protection against sliding freight rates with carriers wary of the imminent introduction of new 2
MSC has launched a new INDIA TO EAST MED service connecting Abu Dhabi, Jebel Ali, Hamad, Jubail, Abu Dhabi, Karachi, Mundra, Hazira, King Abdullah Port, Alexandria, Tekirdag, Aliaga, Mersin, King Abdullah Port, Abu Dhabi. The service started from 8 December 2022 and deploys 5 ships of 4,400 to 8,800 teu. Port rotation of the new INDIA TO EAST MED
Bengal Tiger Line (BTL) has launched a new India-Saudi-Iraq (ISI) service that connects Mundra, Dammam, Umm Qasr, Mundra. The service will start on 8 February 2023 with the 929 teu XO LUCKY at Mundra. The move will mark BTL's return to the India West Coast where it has appointed Oasis Shipping as its agent. Oasis is BTL's current agent in East and South India.