CU Lines has joined RCL's Bangkok-Vietnam-China (RBC) service as a ship provider, with the deployment of 1 ship on the service. CUL brands the service as the China Thailand Service (BC1), which will be updated with a new call at Wenzhou starting from 10 January 2023. The revised RBC/BC1 will call at Bangkok, Laem Chabang, Ho Chi Minh City, Ningbo, Shanghai, Laem Chabang, Bangkok, turning in 3 weeks with 2 ships from RCL (the 1,498 teu JITRA BHUM and ITHA BHUM) and 1 ship from CUL (the 1,930 teu
Emirates Shipping Line (ESL) and Pacific International Lines (PIL) will launch a new South China Philippines (SCP) service connecting Xiamen, Nansha, Shekou, Manila, Cebu, Xiamen from 3 January 2023. The SCP will turn in 2 weeks, using the 1,080 teu KOTA HAKIM from PIL and a second ship to be named from ESL. Port rotation of the new South China Philippines (SCP) service
SITC has added a new call at Kuantan on its China Bengal Express 2 (CBX2) service from 5 December 2022. The revised service will call at Qingdao, Shanghai, Ningbo, Chittagong, Penang, Port Klang, Kuantan, Qingdao. SITC full service network in 2022
CMA CGM has joined COSCO, OOCL and ONE on the East Mediterranean America (EMA) service, replacing Yang Ming as the 4th partner on the Med-USEC service. CMA CGM sells the service as the Turkey Express (TUX), with its participation commencing from 25 November 2022 with the introduction of the 4,360 teu CMA CGM LAPIS to the service. It will join 5 other ships of 4,200-5,00 teu, of which 2 are operated by COSCO and ONE, and 1 by OOCL. The service currently calls at Iskenderun, Aliaga, Ambarli, Pir
COSCO will withdraw its CENX "Prince Port Express Line" transpacific service that connects Qingdao, Shanghai, Prince Rupert, Qingdao. The last sailing was made by the 4,250 teu XIN YING KOU that departed from Qingdao on 12 November 2022. The CENX was first launched on 26 October 2021 by COSCO using 5 ships of 4,200-5,000 teu. In April 2022, OCEAN Alliance partners OOCL and CMA CGM began to participate on the service, branding it as the Pacific China North 2 (PCN2) and Great Lakes Express (GLX)
X-Press feeders will launch a new Sohar Qatar X-Press (SQX) service connecting Jebel Ali, Sohar, Jebel Ali, Mesaieed, Hamad, Jebel Ali on a butterfly rotation that will turn weekly in 7 days using a single 1,700 teu ship. The SQX is scheduled to start from Sohar on 1 January 2023.
US retailer Costco has recorded a $93m charge in the fiscal quarter that ended on 20 November 2022 for the termination of charters for 7 containerships as well as related equipment leases that it had operated on the Asia to US routes. The one-off charge will more than erase all the savings that Costco enjoyed since the company started operating their own ships through an exclusive charter arrangement with US operator Pasha that started in August 2021. Costco said that it had shipped nearly 50,
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202249] Freight rates have continued to weaken with carriers unable to push through their mid-December GRI efforts as capacity utilisation remaining soft across all key tradelanes. Carriers remain reluctant to remove capacity in any meaningful manner apart from ad hoc blank sailings. Charter rates have found support with carriers still chasing for tonnage despite the collapse in freight rates. Today’s announcement of the ch
China United Lines (CUL) will continue to operate the Transpacific Express II/South China-West US (TPC) service connecting Nansha, Yantian, Los Angeles, Nansha following the termination of the charter arrangement for the 12 panamax ships from Antong. The 4,130 teu REN JIAN 19 is expected to make the last trip for CUL using Antong’s ships, departing from Nansha on 14 December 2022. CUL will deploy smaller ships on the service from 20 December, starting with the freshly chartered 1,708 teu SUNRIS
China United Lines (CUL) has reached a settlement with Antong Holdings for the early termination of its Long Term Cooperation Agreement on 8 December 2022, subject to the approval of Antong shareholders. CUL had given notice to Antong on 28 November 2022 for the termination of the agreement that involves the charter of 12 panamax ships of 4,132 teu to 4,713 teu from Antong for $52,000 per day and the lease of Antong containers for operations on the Asia-Europe and Transpacific routes under a p