Taiwanese liners' industry first top line reports came out over the last three days. In July, Evergreen delivered another record revenue while both Yang Ming and Wan Hai saw their top line came of 5% and 6% MoM respectively. In aggregate, the Taiwanese liners' top line in NTD was down 1% MoM. Since USD has strengthened further in July, these liners' top line in USD maybe down 2% MoM. Given July volume usually is higher than same in June. Average freight rates may be down sequentially during J
Hapag Lloyd reported 22Q2 results before market on Aug 11. Northing surprising for those following the Taiwanese liners top lines, Maersk and and ONE reports. Hapag Lloyd's earnings edged higher QoQ to have another all time high. 2022 guidance is being revised upward now that management expected 2022 $19.5bn EBIT (previously $17.5bn; 2021 $ 11.1bn). Highest analyst estimate in the capital is expecting Hapag Lloyd to double its EPS YoY this year. In the details, the sequential drop in bunker con
Summit Shipping Line, a new container shipping company formed by the Xiamen Port Group and based in Singapore, has launched the China Manila Express (CMX) service using the 724 teu ATLANTIC BRIDGE from 29 July 2022. The CMX calls at Shanghai, Xiamen, Quanzhou, Manila with sailings every 12 days. Summit Shipping has chartered the ATLANTIC BRIDGE from Sinokor related interests for 5-6 months at a daily rate of $29,000.
Van Son Shipping, a newly established Vietnamese carrier based in Hanoi, has launched a domestic service connecting Haiphong and Ho Chi Minh City with the 1,730 teu NEW VISION on 30 July 2022. The NEW VISION has been laid up in Vietnam since delivery in June 2012 and the ship holds the record for having spent the longest period in lay up by any containership. The ship was built by Ha Long Shipbuilding, a subsidiary of SBIC (formerly known as Vinashin) and delivered on 30 November 2011 to Vina
UK ports grew container volumes by 8.5% last year to 11.67m teu compared to 10.76m teu in 2020. The threat of a potential strike at Felixstowe later this month could disrupt operations at the UK’s largest port, which handled 3.6mil teu in 2021. London Gateway recorded a 15% growth to reach 1.80m teu and could soon overtake Southampton to become the second largest container port in the UK behind Felixstowe. 13 ships, 7 in Fe-N.EUR trade, have been scheduled to arrive or depart during 21th-29th A
The rising tensions across the Taiwan Strait last week has not resulted in any increase in port congestion in the region. Ports in Taiwan and Fujian saw no increase in container vessels waiting to berth, with vessel operations remaining smooth throughout the past week. Vessel traffic across the Taiwan Strait were largely unaffected despite China’s military exercise last week, with no material containership diversions or port omissions detected. Overall congestion at Chinese ports have continued
ONE has teamed up with the 3 largest shareholders of Atlas in a bid to take the owner of Seaspan private. Seaspan is the largest non-operating owner of containerships with a current fleet of 129 ships and an orderbook comprising of 67 ships. The offer for Atlas was submitted on 4 August 2022 by Poseidon Acquisition Corp., acting on behalf of a consortium comprising of Fairfax Financial Holdings, the Washington family, Atlas Chairman David Sokol that already control over 68% of Atlas’ outstand
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202231] Chinese military drills in the Taiwan Strait last week did not disrupt container traffic in the region with no vessel diversions reported and port congestion continuing to ease across all main Chinese ports. Freight rates continued to drop due to weaker demand in the US and Europe, despite strong Chinese export figures reported for July. Rolling 4 week average capacity are at their highest levels in 2022, as carrier
Emirates Shipping Lines is starting a new Jebel Ali Bahrain Shuwaikh Service (JBS) calling at Jebel Ali, Bahrain, Shuwaikh, Jebel Ali. The service started with 1,678 teu ESL VICTORIA at Jebel Ali on 18 August 2022. Another vessel, 1,341 teu ESL ZANZIBAR, will be deployed to JBS as from 23 August 2022 at Jebel Ali to this service on weekly frequency.
China's market share of global port throughput increased marginally in the last four years despite of the US Tariff on the Chinese exports and the lock-downs at China's coastal manufacturing hubs. The port throughput numbers do not show obvious trend of China's losing market share in the exports as oppose to what some in the market have expected. China's market share of global port throughput increased from 33.2% in 2017 to 34.2 in 2021. Over the same period, South East Asia, which is widely ex