Global Field Line (GFL) has added new port calls and increased frequencies on its China-UAE-Russia service with relay connections at Jebel Ali. The service was first launched on 27 February 2023 with the 1,725 teu SHUN LONG that operates on the Jebel Ali, St Petersburg, Jebel Ali route, with a second ship, the 1,498 teu OCEAN SILKWAY to join on 4 June 2023 on the same route. The 2 ships connect at Jebel Ali with GFL's China-UAE service that was launched on 2 April with the 2,518 teu ZHONG GU ZH
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202322] Carriers continued to take one step forward and 2 steps back, with the rise in the SCFI last week providing little relief for the market as the CCFI continued to fall. The divergent movement of the SCFI and CCFI reflects the decline in average rates despite carriers’ attempt to push rate increases that have so far failed to stick. The SCFI will see further increases this week from the 1 June GRI on the transpacific,
CK Line and Pan Ocean have joined KMTC on the Korea Thailand Express (KTX) service with each carrier contributing one ship each on this service from May 2023. The 1,440 TEU CAPE FARO from CK Line and the 1,809 teu POS BANGKOK from Pan Ocean joined the KTX service on 20 May and 23 May respectively, and will operate alongside the 1,809 teu KMTC POHANG on the new KTX service. The current port rotation of the KTX remains unchanged, calling at Incheon, Kwangyang, Busan, Ho Chi Minh City, Laem Cha
COSCO and OOCL have launched a new Australia New Zealand Express (ANE) trans-Tasman service that connects Sydney, Auckland, Melbourne, Bell Bay, Sydney using the 1,1o3 teu CONTSHIP YEN from 16 May 2023. The service will operate on a fortnightly basis on a 14 day round voyage. The service marks COSCO's first dedicated service in the Australia-New Zealand range.
MSC will reinstate the Asia-North Europe Swan service from June 2023. The service will call at Qingdao, Ningbo, Yantian, Tanjung Pelepas, Antwerp, Gdynia, Gdansk, Klaipeda, King Abdullah Port, Singapore, Qingdao. The Swan service will be operated independently by MSC outside of the 2M partnership with Maersk. It replaces the previous Swan/AE-2 service that was part of the initial 2M offering launched in January 2015. The Swan/AE-2 was jointly operated by the 2M using ships of 14,000-15,500 teu
IAL and Wan Hai have extended their Nippon-South China Trader (NST) service that connects Tokyo, Yokohama, Nagoya, Nansha, Shekou, Tokyo when it was originally launched in November 2022 with a new connection to Manila from May 2023. The revised NST service calls at Tokyo, Yokohama, Nagoya, Nansha, Shekou, Manila (North), Nansha, Shekou, Tokyo and will turn in 3 weeks starting from 23 May 2023 with the 990 teu BF PERCH followed by 1,042 teu CHATTANOOGA, with a third ship to be added in June, the
The North China Express (NCX) service that is jointly operated by KMTC, SITC, RCL and X-Press Feeders has been suspended from 14 May 2023. The service was first launched in February 2021 by the 4 carriers and call at Dalian, Xingang, Qingdao, Ningbo, Singapore, Port Klang, Shekou, Incheon, Dalian using 4 ships of 2,400-2,800 teu with each partner contributing 1 ship each. KMTC and SITC have replaced the service with a new China Malaysia Vietnam (CMV/FEM3) service that is operated in partnersh
COSCO's intra-European subsidiary Diamond Line will extend its current Piraeus-Naples Express (PNX) service into a new butterfly service centred around Piraeus that will include calls at the Ligurian Sea ports of La Speia and Vado in addition to Naples on one leg, and a separate leg connecting Piraeus to the Marmara Sea ports of Izmir, Gemlik and Derince (Safi). The extended PNX service will start from 2 June 2023 with the existing 1,560 teu TAICHUNG with two more ships, the 1,698 teu A. OBELIX
Unifeeder/Unimed will add a new Piraeus-Marmara Service with the 698 teu PANTONIO that will be phased in from 30 May 2023 on the new weekly service will call at Piraeus, Haydarpasa, Gebze, Gemlik, Piraeus on a 7 day roundtrip rotation. The PANTONIO that has been shifted from Unifeeder's UK-Ireland service.
Conviction around a freight market recovery is rapidly fading, with carriers failing once again to push ahead with their planned rate increases on 1 June following the 2 failed attempts earlier in May. Freight rates have continued to slip with the SCFI falling by 6% over the last 4 weeks, with scant signs of any reversal. Zim retained its full year EBIT earnings guidance of $100m-500m despite suffering a first quarter EBIT loss of $14m. Carriers such as Zim are still hoping for a 2nd half reco