Container liners Q4 earnings report will likely be a turning point of this earning cycle, underlined by the 45% QoQ drop in average CCFI index. Listed Taiwanese liners have released their revenue report in the second week of January. The up coming liner revenue or earning reports IF they follow last year's release schedule would be as follows (last year release date): 1. Maersk preliminary results (14 Jan); 2. Matson profit alert (19 Jan); 3. OOCL operating updates (24 Jan); 4. COSCO prof
Ellerman has made its final voyage on the GB Express service connecting Taicang, Ningbo, Dachan Bay, Ho Chi Minh City, Tilbury with the last sailing made by the 2,464 teu BUXHANSA that departed from Taicang on 11 January 2023, with additional calls at Salerno, Alicante and Casablanca planned enroute before the scheduled arrival at Tilbury on 13 February 2023. Ellerman has shifted 4 of the ships (5,060 teu SC MARA, 3,534 teu MONA LISA, 2,872 teu WINDSWEPT and 2,756 teu CAPE HELLAS) previously de
BAL Container Line has stopped its container services following the final voyage of the 3,534 teu NORTHERN DEBONAIR that finished its China-Mexico Express (CMX) sailing at Qingdao on 9 January 2023. BAL has redelivered all of its chartered ships and no longer publishes any further sailings. The move could affect the planned IPO of LC Logistics, the parent company of BAL Container Line, has announced a potential listing in Hong Kong on 24 October 2022. BAL launched the first of several ad-hoc
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