Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202401] With no clear timeline for the resolution of the Red Sea crisis, carriers have extended their diversions to the Cape route with the number of containerships re-routed rising to 354 units for 4.65m teu or 16.4% of the fleet as at 7 January 2024. These diversions will result in an expected capacity shortfall of up to 40% for departures from Asia to Europe and the US East Coast in weeks 4 to 6, with freight rates expe
MSC has introduced a new Red Sea Express service that connects Tekirdag, Derince, Mersin, King Abdullah Port, Jeddah, Aqaba, Tekirdag from 31 December 2023 with the 4,872 teu MSC CARMEN. The service will provide connections to the Red Sea ports in Saudi Arabia and Jordan that are currently restricted.
Tailwind Shipping has chartered the 917 teu FAITH and 1,118 teu WILHELMINE from January 2024 to provide connections between Koper and Barcelona. The move follows the diversion of Tailwind's vessels from the Suez to the Cape route on its China-Europe Panda Express (PEX) service. The PEX service originally calls at Qingdao, Ningbo, Dachan Bay, Colombo, Koper, Barcelona, Rotterdam, Qingdao but with the diversion to the Cape route since the beginning of December 2023, the call at Koper has been drop
Kalypso Compagnia di Navigazione (KCN), part of the RIF Line Group, has been placed in liquidation following the arrest of one of the ships it operated in Taranto on 14 December 2023. The 2,518 teu ZHONG GU XIONG AN was arrested in Taranto for unpaid bunker bills by its Chinese creditors. It was one of 4 ships chartered by Kalypso from Zhonggu for its Marco Polo service connecting China, Bangladesh and the Mediterranean that has been dormant since October 2023 after Zhonggu refused to allow the
Zim has replaced the former Port Klang calls on the ZIM Med Premium (ZMP) service with a new westbound call at Cai Mep effective from 8 January 2024. The revised ZMP service will call at Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Cai Mep, Colombo, Haifa, Ashdod, Mersin, Yarimca, Ambarli, Dachan Bay, Xiamen, Busan. The ZMP called Port Klang on both the eastbound and westbound directions but all calls have stopped since Malaysia's decision to ban Zim ships from calling at its ports that was a
ONE will launch a new West India North America (WIN) service calling at Port Qasim, Hazira, Nhava Sheva, Mundra, Damietta, Algeciras, New York, Savannah, Jacksonville, Charleston, Norfolk, Damietta, Jeddah, Port Qasim from May 2024 turning in 9 weeks with ships operated solely by ONE. HMM will purchase 1,700 teu a week on the service on a round trip basis including 170 reefer slots. The routing could be affected by the current diversions from the Red Sea to the Cape which could delay the launc
Hapag-Lloyd will introduce a new shuttle service for Red Sea cargo connections calling at Tanger, Damietta, Jeddah, Tanger from 19 January 2024 using the 4,252 teu SEASPAN HAMBURG. The service will turn on a 10-12 day frequency initially with feeder connections offered at Jeddah to Aqaba and Port Sudan. The temporary solution will replace current connections to the Red Sea that have been affected by vessel diversions to the Cape route.
CMA CGM will revamp two services connecting Libya with East Med ports from January 2024. The Turkey Libya Express (TULYB) will be revised to call Aliaga, Gemlik, Ambarli, Alexandria, Misurata, Aliaga from 17 January 2024 on a 14 day rotation using 2 ships, the 1,122 teu JAGUAR and 1,114 teu ATLANTIC MERCHANT. The service will drop its current calls at Gebze, Piraeus and Limassol with the total turn time reduced from 3 weeks to 2 weeks. The Greece Turkey Libya Express (GTL) will be revised to
Transpacific freight rates have risen in tandem with European rates last week, rising to $2,553/feu to the West Coast and $3,559/feu to the East Coast, both breaching their 12 month highs. Capacity is expected to remain tight in the coming weeks, with reduced departures available in January especially on the US East Coast routes where the diversions to the Cape route will start to have an impact from week 3 onwards. Carriers are also switching ships away from the US West Coast to Europe where t
ONE will launch a new Egypt Lebanon Turkey Service (ELT) calling at Damietta, Beirut, Iskenderun, Damietta with the 1,084 teu MARIELYST at Damietta on 31 January 2024 on a weekly frequency.