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Wanhai profit drop 28% QoQ

Wanhai reported after Friday (11 Nov 2022) closed. Net profit dropped 42% YoY and 28% QoQ. Not much surprises since the top line has been reported few weeks ago and the QoQ quantum drop in pre tax earnings eg NTD12bn is similar to the top line QoQ drop. Liners with less contracted business ratio is still see greater earnings drop near term.


Ellerman launches Iberia North Europe Express (iNEX)

Ellerman has launched a new dedicated service connecting Iberia, UK and Netherlands called the Iberia North Europe Express (iNEX) service that connects Cadiz, Setubal, Aveiro, Teesport, Tilbury, Rotterdam, Cadiz. The iNEX service started on 5 November 2022 at Setubal with the 803 teu KRISTIN SCHEPERS and will operate on a fortnightly frequency. It is Ellerman's second dedicated service since the Ellerman brand was relaunched in December 2021, complementing the China-UK GB Express service that


Evergreen adds Philippines link on NSA service

Evergreen will extend its North East Asia-South East Asia Service A (NSA) to call at Philippines ports from the end of November 2022. The service currently calls at Osaka, Kobe, Moji, Hakata, Ulsan, Taipei, Taichung, Kaohsiung, Nansha, Hong Kong, Shekou, Osaka using 2 ships - the 1,809 teu GREEN CELEBRITY and the 1,984 teu EVER CONCISE. From 30 November 2022, the revised NSA rotation will call at Osaka, Kobe, Moji, Hakata, Ulsan, Taipei, Taichung, Kaohsiung, Shantou, Hong Kong, Shekou, Kaohsiu


Kalypso introduces Italy Line service

Kalypso, part of the Italian Rif Line Group, will launch a new Italy Line service connecting Italy and Turky from 29 November 2022. The new service is expected to start from 25 Nov 2022 and will cover Salerno, Ravenna, Venice, Bari, Mersin, Salerno on fortnightly basis. Planed sailing schedule of the new Italy Line serviceUpdate : The launch was delayed to 16 December 2022 and will deploy the 1,712 teu RIJNBORG.


ZIM adds Poti Turkiye Feeder (PTF)

ZIM has launched the Poti Turkiye Feeder (PTF) that connects Poti, Ambarli, Aliaga and Poti on fortnightly basis with 925 teu CONTSHIP JOY that is phased in at Poti on 1 Dec 2022.


Safeen Feeders upgrades UAE-Red Sea feeder

Safeen Feeders has launched a new UAE-Red Sea feeder service connecting AD Ports' Khalifa Port and Fujairah with Jeddah and Port Sudan in the Red Sea. The service is an extension of Safeen's current Red Sea service using the 1,368 teu SAFEEN PRIDE The UAE-Red Sea feeder will call at Abu Dhabi, Fujairah, Jeddah, Port Sudan, Abu DhabiSafeen Feeders also offers services on the UAE-China, Singapore-Chennai-Colombo, UAE Coastal/Oman and UAE-India-Gulf routes as part of AD Port Group's Maritime Clus


Hapag Lloyd 3Q higher sequentially

Hapag Lloyd reported 3Q results before Europe opens on 10 Nov 2022 with a set of strong earning results. Full quarter effect of new contracted rates and Transatlantic exposure pushed earnings higher QoQ. Management keeps FY guidance unchanged, suggesting 4Q EBIT to fall 17% QoQ.


2022 Global Throughput Likely Grow 0.3% YoY

Maersk has lowered its outlook for 2022 global container demand growth to between -4% to -2%, compared to its earlier guidance made in August 2022 of between -1% and +1%. Maersk had initially expected global container volumes to grow by +2% and 4% in February this year but had been repeatedly forced to revise its forecasts downwards. Despite Maersk’s negative outlook, Linerlytica still expects global container throughput growth to remain positive at 0.3% despite the sharply reduced volume proje


Newbuilding Delivery Record High

8 ships were delivered in the last week of October bringing the total containership deliveries in October to 16 units for 130,923 teu. It was the highest monthly record for new ships delivered since 2019, but will be overshadowed by the expected surge of new ship deliveries expected in the coming 2 years. Matson announced an order for 3 LNG dual-fuel 3,620 teu ships of the Aloha class for an aggregate price of $1 Bn at Philly Shipyard, adding to 2 similar units that were delivered in 2018 and 2


TWN Liners October top line fell but fell less than CCFI

EMC, YMM and WHL reported October top line. In aggregate, which provide better read through for the industry, revenue in USD fell 15% MoM and 33% YoY, probably would be taken as positive surprises since the fall is less than CCFI. As additional context for this set of October figures, the Taiwanese liners' revenue fell more more than CCFI during September.

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