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Companies

ZIM 2021Q4 Preview

ZIM’s strong QoQ earning growth may pause in the 21Q4 results to be announced in March. The financial market analysts expect ZIM to deliver another 10-15% QoQ growth against our estimate of potentially 15% QoQ drop in 21Q4 net profit. First, volume carried by ZIM could be lower than expected.

Services

Sino Australia Express (SAE) launched

PIL, TS Lines, Yang Ming and Sea Lead Shipping will jointly launch a new service connecting China and Australia that will connect Qingdao, Shanghai, Nansha, Shekou, Sydney, Melbourne, Brisbane, Qingdao. The service is branded as the Sino Australia Express (SAE) by PIL and China-Australia 2 (CA2) by Yang Ming. The service will turn in 6 weeks using 6 ships of 2,693 teu to 4,992 teu with an average capacity of 3,900 teu, with the first sailing scheduled from Qingdao on 10 March 2022 with the 4,25

Services

Hapag-Lloyd to launch new China Germany Express (CGX) service

Hapag-Lloyd will launch a new express service connecting Dachan Bay in South China with Hamburg from April 2022. The service will deploy 8 ships on a 56 day rotation using its own tonnage. (Update 8 April 2022 : The service was launched with the 3,586 teu NORDSPRING at Dachan Bay but the rotation has been revised to Dachan Bay, Le Havre, Wilhelmshaven as the severe port congestion in Hamburg forced Hapag-Lloyd to omit the planned Hamburg call) The new service will partly compensate for the te

Markets

US port gridlock continues despite reduction in LA queues

US port gridlock growing despite improvements in LA/LB

MarketPulse

Market Pulse 2022 WEEK 6

Download full report here [https://www.linerlytica.com/uploads/Linerlytica-MP06.pdf] MARKET BRIEF – 2022 WEEK 6 Spot freight rates fell for the 5th consecutive week but the drop was relatively muted given the Chinese holiday lull. Rates to South America tumbled 6% due to the impact of new capacity introduced on the trade but the fall remains mild relative to previous years. Charter rates remain firm, with asking rates and periods continuing to rise due to the scarcity of available tonnage with

Services

THE Alliance splits FP2 pendulum service

THE Alliance members (Hapag-Lloyd, HMM, ONE and Yang Ming) have unveiled their revised service network for 2022, with the only major change involving the split of the the FP2 pendulum service into 2 individual services that will cover the Southeast Asia-North Europe and Southeast Asia-US West Coast routes separately. The FP2 currently call at Singapore, Laem Chabang, Cai Mep, Hong Kong, Yantian, Long Beach, Oakland, Yokohama, Hong Kong, Laem Chabang, Cai Mep, Singapore, Colombo, Rotterdam, Hamb

Services

2M terminates transpacific partnership with SM Line

The 2M/SM Line strategic cooperation agreement on the Far East-West Coast North America route will be terminated on 8 May 2022, one year earlier than scheduled. The 2M/SM Line cooperation started in April 2020 after HMM ended the 2M cooperation to join THE Alliance. The agreement was expected to run until March 2023, but has been prematurely terminated by the three parties. It will affect the TP-8/Orient/PS1 service jointly operated by the 2M and SM Line, with 6 ships of 10,600 teu to 11,290

Services

Asyad Line launches new SE Asia-Oman link

Asyad Line has announced the launch of a new service between Singapore and Port Klang with Oman. The service was first introduced on 17 December 2021, with the first sailing initiated by the 4,250 teu WADI BANI KHALID. A second ship, the 4,398 teu GULF BARAKAH was introduced on 30 December 2021. The new service calls at Singapore, Port Klang, Nhava Sheva, Mundra, Karachi, Sohar, Dammam, Jebel Ali, Mundra, Nhava Sheva, Singapore. 2 sailings will be offered each month using the two 4,250-4,398 te

Services

HMM drops planned Durban call on new Far East-India-Latin America Service (FIL)

HMM’s new Far East-India-Latin America Service (FIL) will skip the planned westbound Durban call and connect India directly with the East Coast of South America. The new service was launched on 7 December 2021 and was supposed to call at Busan, Shanghai, Ningbo, Shekou, Singapore, Kattupalli, Durban, Santos, Paranagua, Itapoa, Navegantes, Buenos Aires, Montevideo, Singapore, Hong Kong, and Busan. The service is supposed to turn in 12 weeks, but currently deploys only 6 ships of 4,700 teu to 6,8

Services

CMA CGM and COSCO expands cooperation to the Brazil/Caribbean to US Gulf trade

CMA CGM and COSCO will revise its joint service on the trade between Brazil, the Caribbeans and the US Gulf Coast with the new Brazil Express (BZX) service that will deploy 9 ships of 3,000 teu to 3,600 teu on a 63 day round trip. CMA CGM will deploy 8 of the 9 ships in this new service that is scheduled to start from 22 February from Navegantes with the 3,091 teu CMA CGM PARANAGUA. The revised service will call at Navegantes, Paranagua, Santos, Rio de Janeiro/Salvador (alternative calls), Cart

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