The timeline of how Maersk was outmaneuvered by MSC culminating in the announcement on 25 January 2023 that the 2 carriers will terminate their 2M partnership in January 2025. Maersk and MSC capacity operated 2010-2025While Maersk dithered through strategic mis-steps including high profile flops such as Daily Maersk and TradeLens, MSC was resolute in building scale in its shipping business. Maersk had triggered the capacity race in 2011 when it ordered the first Triple-E ships but has been bea
Akkon Line has started a new West Europe Casa (WES) service connecting Antwerp, Casablanca, Antwerp on 25 January 2023 with the 658 teu DEPE. The service will turn in 12 days using a single ship.
Services operated jointly i.e. by alliances usually enjoyed better utilization than the services operated independently by a single liner. Since 2020, utilization for alliance services have been 6% points better than the same for independent services. The utilization for the independently operated services tend to be more volatile. Wider sales network helps fill vessel capacity, we figure. The utilization gap narrowed since December 2020 was just due to diversion of capacity buildup where the
COSCO and OOCL have launched a new Southeast Asia-US East Coast service via Mundra in India. The service is marketed by COSCO as the Asia-US East Coast Express Service South (AWES) and by OOCL as the India-Southeast Asia East Coast (ISE). The AWES/ISE calls at Singapore, Laem Chabang, Cai Mep, Mundra, Suez Canal, New York, Norfolk, Boston, Suez Canal, Singapore using 10 ships of 3,500-4,250 teu starting from 6 January 2023 at Cai Mep with the 3,534 teu GOTTFRIED SCHULTE.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202304] The Lunar New Year provides a timely break from the turbulence in the container markets, with more clarity to emerge after the holidays in the Far East on the direction that prices are heading. Freight rates slipped marginally in the last 2 weeks with capacity utilisation dropping in the week just before the holidays. Although carriers were able to build roll pools on the Asia-Europe route where utilisation levels we
ONE will take slots on the Far East-USWC leg of CMA CGM's Columbus JAX service connecting Port Klang, Laem Chabang, Cai Mep, Yantian, Los Angeles, Oakland, Yantian, Cai Mep, Singapore, Port Klang from 15 February 2023. ONE will brand the service as the China Pacific Southwest 6 (CP6), which is operated by CMA CGM with 19 ships of 11,000-15,000 teu on an extended pendulum that connects the USEC-FE-USWC as part of the Ocean Alliance's PSW3|USEC3/Columbus JAX/SEA2|AWE5/SEAP-PSW|SEAP-USEC/PE1 servi
CNC (CMA CGM) has added a new call at Mongla on the Bengal Bay Express (BBX) service. The revised rotation will call at Singapore, Port Klang, Chittagong, Mongla, Singapore using the 2,257 teu UBENA from 5 January 2023 with the first call at Mongla on 15 January 2023.
The four carrier partnership of ANL (CMA CGM), Hapag-Lloyd, Maersk and ONE on the SE Asia-Australia route will revise their 3 existing services from March 2023. The first service, branded respectively as the ANL 'AAX-S' (changed from AAX1), Hapag-Lloyd 'SEA', Maersk 'Greater Australia Connect' (GAC) (changed from Cobra) and ONE 'AU1', will call at Port Klang, Tanjung Pelepas, Singapore, Melbourne, Sydney, Adelaide, Fremantle, Port Kelang from 9 March 2023 with the 8,400 teu MAERSK STRALSUND .
Matson has just reported preliminary earnings before US market open on 19 Jan, as the first container liner to report 4Q 2022 bottom line results. Preliminary net earnings in between $69.9mn and $74.8mn, down 72% QoQ and 81% YoY. In EPS, it would be about $1.88 to $2.01, much lower than the capital market consensus of $3.42 (source: Refinitive IBES). To be fair, this set of results are better than our expectation as we expect Matson could be close to loss making since, in our estimates, probably
The intra-Asia tradelanes are coming under the most pressure at the moment with rates on several key corridors already slipping to pre-2020 levels as capacity that were previously redeployed to the Transpacific are now returning to Asia. Total containership capacity employed on the Intra-Far East routes is rising again after a 2 year decline, as ships that were redeployed to the more lucrative long-haul trades now returning in large numbers. Intra-FE capacity peaked in early 2020 at 3m teu bu