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Market Pulse – 2023 Week06

Register Free Trial [] 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 launch India to East Med service

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


BTL introduces new India-Saudi-Iraq (ISI) service

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.


X-Press launched Barcelona Valencia X-PRESS(BVX)

X-Press Feeders has launched the Barcelona Valencia X-PRESS (BVX) that calls Algeciras, Barcelona, Valencia, Algeciras with 1,638 teu BALTIC FULMAR on a weekly basis starting from 28 January 2023 at Algeciras.


X-Press launches La Spezia Barcelona X-Press (SBX)

X-Press Feeders has launched the La Spezia Barcelona X-Press (SBX) that connects the two Med ports in Italy and Spain.  The weekly shuttle service started on 17 January 2023 with 707 teu X-PRESS VESUVIO for two voyages, and replaced by the 700 teu WEC MAJORELLE since 31 January 2023.


HR Lines starts BSX

HR Lines have launched the BANGLADESH SINGAPORE EXPRESS (BSX) with the new acquired 1,092 teu HR TURAG (ex MAERSK ARUN) that phased in on 2 February 2023 at Chittagong. The new service will connect Singapore directly with Chittagong and complements HR Lines' existing Bangladesh Express Service (BES) that connects Singapore, Port Klang, Chittagong. The service turns in 13-14 days.


CNC starting Java Singapore Shuttle

CNC,a subsidiary of CMA CGM, is launching Java Singapore Shuttle that calls Singapore, Semarang, Surabaya, Singapore with 2,478 teu APL CAIRO on weekly basis. APL CAIRO will phase in at Singapore on 7 February.


Containerships launches several shuttle services

Containerships, a subsidiary of CMA CGM, is launching several shuttle services connecting Germany with the Scandinavian ports. First, Finland Express (FLX) will start on 29 January with 1,368 teu CONTAINERSHIPS STELLAR at Bremerhaven. The service will be running on weekly basis calling Bremerhaven, Hamburg, Kotka, Helsinki, Tallinn, Bremerhaven. Another ship 1,368 teu CONTAINERSHIPS BOREALIS will be phased in on 5 February at Bremerhaven. These two ships have been until recently deployed in Co


Feedertech and X-Press Feeders launch new Jebel Ali Red Sea X-Press (JRX)

Feedertech and X-Press Feeders have introduced a new weekly Jebel Ali Red Sea X-Press (JRX) feeder service connecting Jebel Ali, Jeddah, Sokhna, Jeddah, Jebel Ali from 5 February 2023. The JRX service will present transshipment options via Jebel Ali for cargo to and from the India Subcontinent, Gulf and Asia, as well as to and from Sudan and Aden. The service will deploy turn in 21 days using 3 ships of 1,700-2,000 teu starting with the 2,015 teu AS ALVA and 1,714 teu OCEANA from Feedertech t


CMA CGM/ONE revise NC Levant/NEX service rotation

CMA CGM and ONE will update the port rotation on their NC Levant/North Europe-East Mediterranean Express (NEX) service that connects North Europe with the East Med/Levant. The new rotation will call at Felixstowe, Hamburg, Rotterdam, Antwerp, Le Havre, Malta, Alexandria, Damietta, Beirut, Iskenderun, Mersin, Malta, Tanger, Felixstowe with the changes to take effect from 26 February 2023. The changes include the following: * Existing Southampton call is replaced by Felixstowe * New northbou

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