MSC will launch a new Shosholoza Feeder service connecting Coega and Cape Town from 23 January 2023 with the 3,583 teu MSC ANUSHA III. The service is aimed to avoid delays at Cape Town that has suffered from severe congestion. Shosholoza Feeder service rotation
The listed Taiwanese liners have all reported their Dec 2022 revenues, which are the first actual figures of the FY2022 and 22Q4 results among all liners. In short, these liners revenue dropped 39% QoQ and 44% YoY. In 3Q22, the listed Taiwanese liners together have delivered $11bn in revenue and $5.9bn in net profit. The $4.3bn or 39% QoQ fall in revenue during 4Q22 will likely reduce these liner's net profit by nearly 60% QoQ, in our estimates assuming 20% lower fuel expenses and 60% lower ta
Transpacific container volumes from Asia to the US slipped in the 2nd half of 2022 but still ended the full year with a 3% gain compared to 2021. Exports from China and Taiwan to the US were down -2% and -3% respectively yoy, but all the other key export regions registered positive growth, led by Vietnam (+12%), Thailand (+15%) and Indonesia (+18%). But the momentum has turned negative even for these emerging export markets in Southeast Asia, with all origins recording significant falls in the 2
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202301] The SCFI resumed its weekly drops, with the previous week’s rise turning out to be a blip. Carriers have added capacity across all main trades out of China, with the idle fleet slipping even as port congestion continues to ease. The additional capacity has negated most of the seasonal uptick in demand ahead of the Chinese New Year holidays. Capacity utilisation across the key tradelanes have remain varied, with Asia
Yang Ming Marine (YMM) reported NTD16.3bn or $534mn (on 30.6 NTD/$) for December revenue. In US dollars, the counter was down 58% YoY and 14% MoM. In aggregate, 4Q22 revenue was $1.9bn, down $1.4bn or 42% QoQ. Given most of of the decline was driven by much lower freight rates. YMM's 4Q net earnings could be down over $1bn, against the $1.6bn reported for 3Q.
Shandong Port Shipping Group (SPGS) has launched a new North China-Japan service connecting Qingdao, Yokohama, Tokyo, Qingdao, Osaka, Kobe, Qingdao in cooperation with Dongchen Line. The service combines the existing Qingdao-Kansai (QDKS) service to Osaka and Kobe operated by Dongchen, with the new PES2 service to Yokohama and Tokyo in a butterfly pattern. The QDKS/PES2 service will deploy the 1,049 teu A KOU operated by Dongchen with the 1,043 teu PACANDA from SPGS, starting from 6 January
Regional Container Lines (RCL) and Interasia Lines (IAL) have teamed up to launch a new service connecting Ho Chi Minh City, Singapore, Port Klang (W), Port Klang (N), Yangon, Thilawa, Port Klang (W), Port Klang (N), Singapore, Ho Chi Minh City. The service turns in 3 weeks with 3 ships of 1,000-1,100 teu and is branded by RCL as the RCL Yangon-Hochiminh (RYH) and by IAL as the Vietnam-Straits-Myanmar (VSM) service. The service started on 19 December 2022 from Port Klang with the 1,118 teu PAN
CMA CGM has updated its FE-ECNA Cheasapeake Bay Express (CBX) service with the addition of calls at Singapore, Laem Chabang and Haiphong. OCEAN Alliance partners also slots on this service, branding it as the CBX (Evergreen), AWE7 (COSCO) and ECC3 (OOCL). The revised rotation calls at Singapore, Laem Chabang, Haiphong, Yantian, Ningbo, Shanghai, Busan, Panama (Canal), Norfolk, Savannah, Charleston, Miami, Suez(Canal), Singapore. The service will provide fortnightly sailings from December 2022
CMA CGM launching Caucasus Georgia Express covering Poti, Piraeus, Ambarli, Poti with a 1,118 teu MAREN. MAREN will phase in on 8 January at Piraeus. MAREN is currently being deployed in a East Med feeder service.
MSC started a Benin Feeder Service, another shuttle that uses 1,730 teu MSC RIONA running between Cotonou and Lome on weekly basis. The service has already started on 1 Dec at Lome. MSC RIONA was previously deployed in another West Africa feeder.