Zim has decided to split its ZIM MED PACIFIC (ZMP) pendulum service into 2 separate loops to avoid delays due to port congestion. The ZMP was originally scheduled to start on 1 April 2022 and will call at Busan, Vancouver, Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Port Klang, Haifa, Ambarli, Yarimca, Port Klang, Cai Mep, Dachan Bay, Yantian, Xiamen, Ningbo, Shanghai, Busan. It was to deploy 15 ships of 3,400 to 4,300 teu and replaces ZIM’s current participation on the 2M services covering
RoA may have reached cycle peak in 21Q4 Average Return on Assets (RoA) for the 9 main carriers that have posted their 2021 financial results dropped from 58% in 21Q3 to 54% in 21Q4, the first quarterly drop since 20Q1 as sequential growth in net profit could not keep pace with the balance sheet expansion. The same trend likely continue until 22Q2 when the container liners slim down their balance sheet through dividend distribution. RoA, a compound of net profit margin and asset turnover, measur
Download Full Report [https://www.linerlytica.com/uploads/Linerlytica-MP11.pdf?utm_source=W202211] MARKET BRIEF – 2022 WEEK 11 Spot freight rates dropped for the 10th consecutive week, with the impact of the lockdowns in several cities in China and the Ukraine conflict weighing down further on freight demand. Charter rates also appear to have peaked by the end of the week with the first drop in the charter rate index since early December. This has not deterred carriers from chasing tonnage with
Pan Ocean and Dong Young will launch the New Haiphong Express (NHX) service on 27 March 2022 using 2 ships of 700 teu. The service will connect Busan, Kwangyang, Incheon, Haiphong, Shekou, Incheon, Busan.
Wan Hai has launched a new South China-Vietnam- Eastern India service (CI7) that will connect Haiphong, Zhanjiang, Nansha, Ho Chi Minh City, Port Klang, Chennai, Visakhapatnam, Port Klang, Haiphong using 4 ships of 1,400-1,700 teu. The service will start at Haiphong on 26 March 2022 with the 1,440 teu CAPE FARO.
MSC will introduce a new Transatlantic service connecting Lithuania, Poland and Sweden with the US East Coast from 28 March 2022. It will be the only service that serves these Scan Baltic countries directly to the US without transhipment. The Scan Baltic to USA service will call at Klaipeda, Gdynia, Goteborg, Bremerhaven, New York, Philadelphia, Norfolk, Klaipeda using 6 ships of 4,200 teu to 6,700 teu. MSC Scan Baltic to US East Coast service rotation
Download Full Report [https://www.linerlytica.com/uploads/Linerlytica-MP10.pdf?utm_source=W202210] MARKET BRIEF – 2022 WEEK 10 Spot freight rates dropped for the 9th consecutive week, with further falls expected in the next 2 weeks as carriers were unable to push through with mid-March rate increases amidst soft volumes across all main tradelanes. The weakness has not deterred carriers from chasing tonnage as charter rates and resale prices continued to rise, and fresh ship orders have been unv
Meratus has launched a new China Indonesia Express (CIX) service connecting directly Jakarta, Semarang and Surabaya to Qingdao and Shanghai. The service started on 14 March 2022 with the 1,301 teu MERATUS SORONG and the 1,129 teu MERATUS MEDAN 1. The CIX service will be operated on a fortnightly basis. The launch continues Meratus international expansion outside of its core Indonesia domestic services. The Indonesian carrier also launch a new Java Malaysia Express (JMX) service connecting Jakar
Hapag-Lloyd announced on 10 March 2022 that it has signed an agreement to acquire the container shipping business of Deutsche Afrika-Linien (DAL), subject to regulatory approvals. (Updated : Hapag-Lloyd announced on 1 June 2022 that the acquisition has been finalised after securing the approval of anti-trust authorities.) The Hamburg headquartered DAL owns a single 6,589 teu container ship DAL KALAHARI and operates a container fleet of 17,800 owned and leased container which will be taken ov
The beat came mainly from the higher freight rates (+12% QoQ versus ours 7% QoQ) secured by ZIM during the past quarter, which leads to $400m higher top line.