Services

CUL consolidate Transpacific services, SJJ leaves

China United Lines (CUL) will consolidate their 2 separate FE-USWC transpacific services into a revised Transpacific Express II/South China-West US (TPC) service that will call at Qingdao, Shanghai, Ningbo, Nansha, Yantian, Los Angeles, Qingdao. The service will deploy 6 ships of 4,300-4,700 teu. The consolidated service will absorb the Transpacific Express (TPX) service that was jointly operated with Shanghai Jinjiang (SJJ) and had called at Shanghai, Los Angeles, Shanghai. The last SJJ operat

Services

Maersk withdraws TP20 FE-ECNA transpacific service

Maersk has suspended the TP28 transpacific service that called at Cai Mep, Yantian, Ningbo, Shanghai, Houston, Norfolk, Cai Mep with the last sailing from Cai Mep scheduled on 13 October 2022 with the 4,431 teu MERKUR ARCHIPELAGO. The TP28 service was launched only in April 2022 and has been running irregularly using ships of 4,200-5,900 teu, with an average weekly capacity of less than 2,000 teu. The service will be merged into the revised TP20 that will call at Jakarta, Cai Mep, Shanghai, N

Services

2M withdraws TP3/Sequoia transpacific service

Maersk and MSC have suspended their jointly operated TP3/Sequoia transpacific service, with the last sailing made by the 14,036 teu MSC SAVONA from Shanghai on 22 September 2022. The service called at Ningbo, Shanghai, Los Angeles/Long Beach, Ningbo using 6 ships of 11,000-15,000 teu running on an 8 week rotation. The suspension will remove an average of 11,907 teu weekly on the trade. The TP3/Sequoia will be merged with the TP2/Jaguar service with the rotation revised to call at Shekou, Nansh

Services

Matson redeploys 3 ships from withdrawn CCX to USWC-Honolulu trade

Matson's China-California Express (CCX) made its last sailing from Shanghai on 4 September 2022 with the 3,600 MATSONIA. The CCX was launched in 29 June 2021 and called at Ningbo, Shanghai, Oakland, Long Beach, Honolulu, Ningbo. The service was operated with 3 ships of 2,824-3,600 teu on a 5 week rotation, with 2 blank sailings in each cycle. The withdrawal will remove 2,005 teu weekly from the route. The 3 ships previously deployed on the CCX has been redeployed to the USWC-Honolulu service -

Markets

SCFI down 59% from peak but still elevated vs historical

The SCFI composite index has fallen by 59% from its peak in January 2022, but rates remain elevated against their historical averages despite the recent drops. In 2019, the composite index stood at just 811 points compared to 2,072 points currently. Rates from China to South Africa, Europe, South America and Australia in particular are all expected to come under pressure over the coming weeks as they remain well above their 2019 average. In week 38, spot rates to the US West Coast continued to

Port Congestion

Port Congestion Down Sharply in Week 38

Port congestion is no longer providing any supply side support as congestion is easing across Asia and North America. Congestion at the main Eastern China ports of Shanghai and Ningbo, as well as in Bohai and South Korea dropped to half of their previous week’s highs, as the backlog of ships delayed by the North Asia typhoons of the past 2 weeks were gradually cleared up. The reduction in congestion in North Asia ports has brought down global congestion levels to 10.9% at the end of last week,

Services

Marfret launches Egypt-Italy service

French carrier Marfret will launch a new Egypt-Italy Express service that connects Genoa, Salerno, Alexandria, Genoa. The new service will deploy the 390 teu LYDIA that has just rejoined Marfret at the end of August 2022 and is currently deployed on the FluvioFeeder/Lydia Feeder service running between Le Havre and Rouen. The new service is scheduled to start from Genoa in mid October 2022 and is targetted at the reefer fruit exports from Egypt, with Marfret positioning 200 new reefer container

Services

Containerships introduce revised DUKE and ISX service

Containerships, the intra-Europe subsidiary of CMA CGM, has revised the rotation of 2 existing services that connects that UK and Ireland with the North Continent. The DUKE service will cover Germany and the UK East Coast as part of the revised BALT1 CS service, calling at Helsinki, Talinn, Hamburg, Rotterdam, Teesport, Rotterdam, Helsinki with the 850 teu CONTAINERSHIPS VIII and the 966 teu CONTAINERSHIPS VI. It replaces the previous BALT1 service that called at Helsinki, Talinkk, Klaipeda,

Companies

Saif Powertec to launch new Bangladesh container shipping line

Bangladeshi port operator Saif Powertec will enter the container shipping markets for the first time in November 2022. It has signed a 15 year charter agreement with AD Ports' Safeen Feeders for 3 containerships of 1,700-2,100 teu that would be deployed on services calling directly at Bangladesh. Safeen will invest $102m to acquire the ships, with the first ship scheduled to join in November. Saif Powertec operates the Chittagong Container Terminal (CCT) and New Mooring Container Terminal (NC

MarketPulse

Market Pulse – 2022 Week38

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202238] The liner market continues to weaken with the outlook remaining weak until the end of this year. The SCFI took another 10% beating last week but further rate drops are expected as market rates are dropping faster than the indices can track them, with a similar situation developing on the charter market as containership charter rates are also dropping rapidly as demand wanes ahead of the traditional slack season start

Services

Unifeeder launches Lithuania-UK service

Unifeeder has introduced a new service linking Lithuania and UK from 10 September 2022. The service calls at Klaipeda, Gdynia, Immingham, Rotterdam, Gdansk, Klaipeda on a 11-13 day turnaround using the 1,025 teu ELBSPRING and the 1,036 teu ELBWAVE.

Services

Hapag Lloyd launches CCF

Hapag Lloyd is launching a Colombo Chittagong Feeder (CCF) starting om Sep 30 with 1,740 teu HANSA RENDSBURG at Chittagong. The service will run on 14-days rotation on fortnightly basis. HANSA RENDSBURG was initially deployed in East Med trade after joining Hapag Lloyd in early August.

Charters Rates Fell Sharply

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