Market Pulse – 2022 Week 25

Register Free Trial [] Freight rates remain under pressure with peak season volumes yet to materialise, while easing congestion in China and the US West Coast has also released more capacity to the market. Rates are expected to remain soft until the end of July when carriers will try to push for a new round of rate increases. Congestion is rising in the US East Coast and North Europe but it has not had a material impact on overall capacit


X-Press launches WSX 2

X-Press Feeder launches WSX 2, the second West Coast South America service connecting Balboa, Guayaquil, Balboa. The new service will start on July 3 with 868 teu ship X-PRESS SHANNON.


CMA CGM launches TURAF2

CMA CGM is launching Turkey North Africa Express 2 (TURAF2) covering Damietta, Marsaxlokk, Casablanca, Damietta on 21-day rotation. The new service will start on June 27 with AS SVENJA calling at Damietta.


Golden Sea resumed Yangon Express

Golden Sea, subsidiary of COSCO, has resumed Yangon Express (YGX) calling Singapore, Xiaochan Beach, Yangon, Singapore. The The service has started with Xiaochan Beach call on June 19 by the 1223 teu AS FENJA.


MSC launching Zephyr

MSC is launching another independent FE-ECNA service, New Asia-US Gulf Coast and South Atlantic service (Zephyr), connecting Shanghai, Ningbo, Busan, Cristobal, Houston, Port Everglades, Savannah, Lazaro Cardenas, Shanghai.


Capacity Utilization below season trend

Capacity utilization has not collapsed as suggested by Freightwaves but the average utilization has trended lower than usual seasonal patterns, partly due to the increased capacity available.


TP GRI pushed back

overall capacity on transpacific routes have increased materially in the past week and has outpaced demand as some carriers are offering rates below $7,000/feu to the West Coast


Order To Fleet Ratio Highest since 2010

The containership orderbook has reached 29.2% of the existing fleet following the latest series of new ship orders by MSC, CMA CGM and ONE over the past month. This is the highest orderbook ratio since 2010...


May throughput assessment up

Global port volumes for May have been adjusted upwards due to stronger than expected performances in China and the US. Latest projections for May show a 3.7% month on month rebound compared to April, and a year on year drop of just -0.7% compared to May 2021.


PIL/YM/WHL launched WS6

PIL, WHL and YM will launch West Coast South America 6 (WS6), a weekly service connecting Ningbo, Shanghai, Qingdao, Busan, Manzanillo (Mexico), Lazaro Cardenas, Puerto Quetzal, Buenaventura, Valparaiso, Ningbo. The service will start with 4,662 teu YM ENLIGHTENMENT calling Ningbo on 13 July.

© 2022 Linerlytica. All rights reserved.