Zim has unveiled its new ZIM MED PACIFIC (ZMP) pendulum service that will connect the Asia-PNW and Asia-East Med trade. The ZMP will start on 1 April 2022 and will call at Busan, Vancouver, Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Port Klang, Haifa, Ambarli, Izmit, Port Klang, Cai Mep, Dachan Bay, Yantian, Xiamen, Ningbo, Shanghai, Busan. It will deploy 15 ships of 3,400 to 4,300 teu and replaces ZIM’s current participation on the 2M services covering the ‘TP-8/Orient’ service to PNW and
Asean Seas Lines will revise 2 of its South China to Central and Northern Vietnam services, with CNC taking slots. The Hong Kong Danang Service (HDS) will start on 28 February 2022 and call at Hong Kong, Shekou, Nansha, Danang, Hong Kong with the 357 teu HUA KAI. The Hong Kong Haiphong Express 5 (HHX5) will start from 7 March 2022 and call at Qinzhou, Hong Kong, Nansha, Haiphong, Qinzhou with the 599 teu FAR EAST CHEER.
Hapag-Lloyd, ONE and ZIM will upgrade their jointly operated Asia-East Africa service (EA3/EAF/CEA) by splitting it into 2 weekly services that will serve Mombasa and Dar Es Salaam separately. The service will incorporate PIL's independently operated EAS service in a new partnership. The Mombasa loop (EAS3/EA3/EAS) will start on 13 March 2022 and call at Qingdao, Shanghai, Ningbo, Nansha, Singapore, Port Klang, Mombasa, Port Klang, Singapore, Nansha, Qingdao. The Dar Es Salaam loop (EAS4/EA4/
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Download Full Report [https://www.linerlytica.com/uploads/Linerlytica-MP07.pdf?utm_source=W202207] MARKET BRIEF - 2022 WEEK 7 Spot freight rates weathered the post Chinese New Year period relatively well despite marginal falls on the SCFI spot rates last week due to weaker Australia and Latin America rates. Asia Europe rates also weakened slightly but Transpacific rates were mostly unchanged due to persistent port congestion that is holding up 11.6% of total capacity. Charter rates strengthened
ZIM’s strong QoQ earning growth may pause in the 21Q4 results to be announced in March. The financial market analysts expect ZIM to deliver another 10-15% QoQ growth against our estimate of potentially 15% QoQ drop in 21Q4 net profit. First, volume carried by ZIM could be lower than expected.
PIL, TS Lines, Yang Ming and SeaLead Shipping will jointly launch a new service connecting China and Australia that will connect Qingdao, Shanghai, Nansha, Shekou, Sydney, Melbourne, Brisbane, Qingdao. The service is branded as the Sino Australia Express (SAE) by PIL and China-Australia 2 (CA2) by Yang Ming. The service will turn in 6 weeks using 6 ships of 2,693 teu to 4,992 teu with an average capacity of 3,900 teu, with the first sailing scheduled from Qingdao on 10 March 2022 with the 4,253
Hapag-Lloyd will launch a new express service connecting Dachan Bay in South China with Hamburg from April 2022. The service will deploy 8 ships on a 56 day rotation using its own tonnage. (Update 8 April 2022 : The service was launched with the 3,586 teu NORDSPRING at Dachan Bay but the rotation has been revised to Dachan Bay, Le Havre, Wilhelmshaven as the severe port congestion in Hamburg forced Hapag-Lloyd to omit the planned Hamburg call) The new service will partly compensate for the te
US port gridlock growing despite improvements in LA/LB
Download full report here [https://www.linerlytica.com/uploads/Linerlytica-MP06.pdf] MARKET BRIEF – 2022 WEEK 6 Spot freight rates fell for the 5th consecutive week but the drop was relatively muted given the Chinese holiday lull. Rates to South America tumbled 6% due to the impact of new capacity introduced on the trade but the fall remains mild relative to previous years. Charter rates remain firm, with asking rates and periods continuing to rise due to the scarcity of available tonnage with