China's March PMI New Export Order came out as 50.4 in the morning session of 31 March, suggesting Chinese export order may have seen marginal sequential growth in March comparing to February. But March's 50.4 comparing to February's 52.4 means growth decelerated over the past month. Softness of exports from China could be a combination of the market share losses and overall soft demand in the western hemisphere. In terms of container shipment volume, China has been losing market share to the
MSC will add a new fortnightly call at Jacksonville to its ScanBaltic to USA service starting from 25 April 2023. The revised rotation of the ScanBaltic to USA service will be Klaipeda, Gdynia, Gothenburg, Bremerhaven, Felixstowe, Antwerp, Le Havre, New York, Philadelphia, Norfolk, Jacksonville (alternate weeks), Klaipeda. The service currently deploys 5 ships of 2,700 to 5,000 teu, with the new rotation expected to add 1 more week to the rotation.
MSC has extended the KIWI Express service with a new call at Laem Chabang added on 28 March 2023. The revised KIWI Express rotation will call at Tanjung Pelepas, Singapore, Laem Chabang, Singapore, Jakarta, Brisbane, Sydney, Auckland, Nelson, Wellington, Lyttelton, Port Chalmers, Brisbane, Tanjung Pelepas. The revised rotation will add 1 more week to the rotation and will henceforth turn in 10 weeks using up to 10 ships of 2,700 to 4,400 teu.
Zim/GSL's Thailand Fremantle Express (TFX) service will be extended with 3 new port calls added at Nansha, Yantian and Brisbane. The revised TFX will call Port Klang, Laem Chabang, Ho Chi Minh City, Nansha, Yantian, Sydney, Brisbane, Melbourne, Fremantle, Port Klang from April 2023 with the first call at Yantian made on 3 April with the 2,554 teu ALS VESTA. The TFX was first launched at the end of December 2022 and originally deployed 5 ships of 1,700-2,700 teu on a 6 week rotation. The extend
Zim is shifting out 6 Bangkok-max ship from its intra-Asia and Australia services for redeployment in the North America-South America ZIM Colibri XPress service. All 6 ships are being repositioned from Asia/Australia to South America and will begin their new employment at San Antonio in Chile. The ZIM Colibri Xpress (ZCX) service connecting San Antonio, Callao, Guayaquil, Cartagena, Kingston, Philadelphia, Miami, Kingston, Buenaventura, Guayaqui, Callao, San Antonio The 6 ships are as follows:
MTT Shipping has joined VIMC to launch a new Port Klang-Kolkata service. The 653 teu MTT SINGAPORE has phased into the service on 21 March 2023 at Port Klang, joining the 610 teu BIENDONG FORTUNE from VIMC that had phased in earlier on 16 March 2023.
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