Preliminary Week 14 Utilization Data Jumped II

Additional data for 30 departures returned today by our algo and there was little change, i.e the utilization level for vessels departed this week so far has been very high. Spot freight rates as represented by Shanghai Container Shipping Index (SCFI) has the first up move in a year.  SCFI is usually trend sensitive in the way that if it moves up in one week, the chance of it moving up in the next week is over 50%. SCFI has published 720 editions since its inception in March 2009. Of these 720


Preliminary Week 14 Utilization Data Jumped

Capacity utilization of all Inter-Regional trades and the 4 main east-west trades for vessels that have departed during the first 4 days of this week ( i.e. between 26 Mar and 29 Mar) moved up to level have not been seen since August last year. Although there has been week to week volatility, this set of data has been trending up since reaching a recent cycle low in week 5 of 2023. This 2-month up trend has to be looked at in connection with the sequential increase in capacity deployed into th


Box Manufacturing Volume and Earnings Dropped Over 50% YoY in 2022

CIMC reported FY2022 results over night (28 March) that its net profit dropped 52% YoY driven mainly by the decline in the sales volume of dry containers. COSCO Development also reported FY2022 before market open on 31 March where its earnings dropped 36% YoY. Combined dry container output dropped 50% for these three manufacturers during 2022 after the industry has reached a record high in output during 2021. 2022 output was higher than the level in 2019 and 2020 but on par with the historical


ASL to continue Australia China Express (ACX)

Asean Seas Line (ASL) has confirmed that it will continue to operate the Australia China Express (ACX) service with a single sailing schdeduled in April 2023, according to a statement on 29 March 2023. The last ACX ship the 1,930 teu ASL BAUHINIA will make one more sailing on the service starting on 11 April 2023, calling at Qingdao, Shanghai, Shekou, Nansha, Brisbane, Sydney, Melbourne, Qingdao. An ASL representative says the company will continue the ACX service beyond April. 2 other ships


Hapag-Lloyd/Arkas adds Dakar call on West Africa Express (WAX)/Europe Africa Service (EAS)

The North Europe-West Africa service jointly operated by Hapag-Lloyd/Arkas will be expanded to add a new southbound call at Dakar. The service is branded as the West Africa Express (WAX)/Europe Africa Service (EAS) respectively by Hapag-Lloyd and Arkas. The new rotation will start from 7 May 2023 and call at Antwerp, Le Havre, Tanger Med, Dakar, Tema, Abidjan, Tanger Med, Antwerp. The service turns in 4 weeks and deploys 3 ships of 4,250 teu from Hapag-Lloyd and one 2,500 teu ship from Arkas.


Hapag-Lloyd to launch West Africa 1 (WA1) service

Hapag-Lloyd will launch a new West Africa 1 (WA1) service that connects Tanger Med, Nouakchott, Freetown, Conakry, Monrovia, Tanger Med from 15 May 2023. The new service will be operated on a fortnightly frequency and turn in 4 weeks using 2 ships of 1,700 teu.


Market Pulse – 2023 Week13

Register Free Trial [] Freight rates remain soft, with the SCFI resuming its weekly decline after the previous week’s gain with the Asia-Europe trade the only main market where carriers can push rates increases. In contrast, charter rates have rebounded with demand from carriers staying high while the number of idled ships are quickly diminishing. Carriers are gearing up for the summer deployment that begins in earnest from April and May,


Transit Line introduces China to St Petersburg service

Russian operator Transit Line has launched a direct China to St Petersburg service on 30 March 2023 with the 2,193 teu XIN LONG YUN 86 which will be the largest ship that the Russian operator has operated so far. The new service will connect Shanghai, Ningbo, Xiamen, Nansha, St Petersburg. Only 1 sailing has been advertised so far.

Asean Seas Line

ASL withdraws capacity from Australia China Express (ACX) service

Asean Seas Line has reversed its plans to expand the Australia China Express (ACX) service and have started to remove ships from the loss making service. The 1,730 teu newbuilding ASL PEONY that was originally slated to join the ACX service on 16 March 2023 has been redeployed on the China-Hong Kong-Haiphong 2 service (HHX 2), while the 1,781 teu ASL HONG KONG has also shifted from the ACX to HHX 2 on 25 March 2023. The last ACX ship, the 1,930 teu ASL BAUHINIA, is completing its northbound tr


Ruscon & MAS launch Turkey-St Petersburg link

Delo Group's Ruscon has partnered with Mountain Air Shipping (MAS), an international container shipping company based in Dubai, to operate a new liner service connecting Istanbul and St. Petersburg. The first sailing from Turkey was made on 30 January 2023 with the 707 teu SASCO ANIVA. The service will operate monthly and turns in 36 days, with a transit time of 15-17 days between Ambarli (Kumport) and St Petersburg (FCT).


SeaLead starts Australia India Pakistan (ASIA) service

SeaLead’s new Australia India Pakistan (ASIA) service has started on 21 March 2023 with the 4,395 teu REN JIAN 26 that has been newly chartered from Antong for a period of 6 months. The service calls at Port Klang, Melbourne, Sydney, Brisbane, Port Klang, Karachi, Mundra, Nhava Sheva, Port Klang. The service will operate on an irregular frequency of around 3 to 4 weeks, with a second ship expected to phase in April.


Sinokor launch new Thailand South China service

Sinokor is starting a new Thailand Direct Express (TDX) service that connects South China and Thailand. The new service will call at Hong Kong, Shekou, Laem Chabang, Hong Kong on 11-day round trip with the 1,118 teu SENDAI TRADER. SENDAI TRADER will phase in at Hong Kong on 21 April after coming out of drydock. SENDAI TRADER was previously deployed in Sinokor's Pyongtaek Xingang Service (PXS).

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