Evergreen will revamp its transpacific-Middle East Transpacific Northwest Service (TPN) and Transpacific Arabian Service (TPA) from May 2024, with the Middle East calls on the current TPA service shifted to the TPN which will be renamed as the Asia-Northwest-Persian Gulf (ANP) service. The ANP service will call at Dammam, Umm Qasr, Jebel Ali, Port Klang, Laem Chabang, Cai Mep, Kaohsiung, Yantian, Shanghai, Ningbo, Tacoma, Vancouver, Tokyo, Nagoya, Osaka, Shanghai, Ningbo, Kaohsiung, Shekou, Por
COSCO has joined CNC, the intra-Asia arm of CMA CGM, on the China Philippines 8 (CP8) service from 13 April 2024. COSCO will deploy 3,314 teu COLOMBO on the service to join the 2,782 teu CNC SERVAL on the service. The CP8 turns in 2 weeks and calls at Shanghai, Ningbo, Xiamen, Manila ( North and South), Fuzhou, Shanghai.
6 carriers on the Asia-East Coast South America trade (CMA CGM, COSCO, OOCL, Evergreen, PIL and Yang Ming) will upgrade their 2 existing strings from May 2024, with average weekly capacity to rise from 21,300 teu to 24,000 teu. The first string branded as SEAS2/ESA2/TLA2/ESA3/SSA/SA5 by CMA CGM, COSCO, OOCL, Evergreen, PIL and Yang Ming respectively will call at Xingang, Qingdao, Shanghai, Ningbo, Shekou, Singapore, Rio de Janeiro, Santos, Paranagua, Itapoa, Navegantes, Santos, Colombo, Singapo
ONE has replaced its Florida Latin Express (FLX) service with a new FLX service through slots on CMA CGM/COSCO's Americas XL/North America East Coast-West Coast South America (NEWS) service. The 4 ships of 1,100 to 1,700 teu that ONE had formerly operated on the FLX has all been redeployed and have been replaced by the revised FLX service from 1 February 2024, with ONE purchasing 600 teu per week from CMA CGM on the Americas XL. The Americas XL/NEWS is currently operated by CMA CGM and COSCO u
Folk Maritime will team up with CMA CGM to launch a new North Red Sea (NRS)/North Red Sea Express (NRX) service from 9 April 2024. The NRS/NRX will call at Jeddah, Neom, Sokhna, Aqaba, Yanbu, Jeddah using 2 ships of 1,600-2,000 teu, starting with the Folk Maritime chartered 2,045 teu JIN SHUN HE, followed a week later by the 1,641 teu APL SAIPAN from CMA CGM. Folk Maritime is a new carrier established on 26 February 2024 in Riyadh to operate feeder and short sea services connecting ports in S
CMA CGM reported 4Q 2023 EBITDA earnings of $630m for its container shipping business, out-performing Maersk for the second straight quarter. Maersk had reported EBITDA of $196m and EBIT losses of -$920m in the quarter . CMA CGM’s EBIT losses is estimated at between -$670m to -$770m, based on depreciation and amortisation expenses of $1.3 Bn to 1.4 Bn in the 4th quarter, with the company no longer reporting its EBIT figures since 4Q 2023. The 4Q EBIT losses dwarfs CMA CGM’s previous quarterly p
CMA CGM has launched a new Spain Tunisia Express (STX) service connecting Vigo, Oran, Vigo using the 1,368 teu MARINA L from 9 February 2024. The service will turn in 11 days using a single ship. Spain Tunisia Express (STX)
CMA CGM has launched a new Red Sea Med Express (REDEX) to connect the Red Sea ports of Aqaba and Jeddah to 5 key transhipment hubs in the Med. The REDEX will call at Aqaba, Jeddah, Tanger Med, Algeciras, Malta, Alexandria, Damietta, Aqaba. The 4,404 teu CMA CGM PUGET made the inaugural call on the REDEX for an ad hoc trip from Alexandria, Malta to Aqaba and Jeddah before settling into the regular REDEX port rotation. The service will turn in 28 days using 4 ships of 3,000-4,400 teu. The new s
CMA CGM will upgrade its Mediterranean-Caribbean (MEDCARIBE) service with the addition of a new westbound call at Tanger from 5 March 2024 . The revised port rotation will call at Algeciras, Malta, Livorno, Genoa, Fos, Barcelona, Valencia, Tanger Med, Fort-de-France, Pointe-a-Pitre, Caucedo, Kingston, Cartagena (Col), Buenaventura, Paita, Posorja, Guayaquil, Moin, Cartagena (Col), Algeciras. The expanded service will deploy 9 ships of 6,800-6,900 teu with an extra week added to the rotation. Th
CMA CGM will revamp two services connecting Libya with East Med ports from January 2024. The Turkey Libya Express (TULYB) will be revised to call Aliaga, Gemlik, Ambarli, Alexandria, Misurata, Aliaga from 17 January 2024 on a 14 day rotation using 2 ships, the 1,122 teu JAGUAR and 1,114 teu ATLANTIC MERCHANT. The service will drop its current calls at Gebze, Piraeus and Limassol with the total turn time reduced from 3 weeks to 2 weeks. The Greece Turkey Libya Express (GTL) will be revised to