Mercosul Line, the Brazilian cabotage carrier of the CMA CGM group, will launch a new ATLAS service calling at Santos, Buenos Aires, Mar Del Plata, Imbituba, Santos. The fortnightly service will start from 5 June 2024 using the 1,713 teu CMA CGM PLATON on a 14 day rotation. Mercosul ATLAS service
6 carriers are teaming up to expand their current Vietnam/Thailand-India-Middle East Gulf service into an extended butterfly service that will offer 2 separate loops connecting the following ports: * Loop 1 : Laem Chabang, Singapore, Port Klang, Nhava Sheva, Jebel Ali, Dammam, Nhava Sheva, Port Klang, Cai Mep * Loop 2 : Cai Mep, Jakarta, Port Klang, Mundra, Jebel Ali, Dammam, Mundra, Port Klang, Laem Chabang 6 carriers (CMA CGM, China United Lines (CUL), Emirates Shipping Line (ESL),
CMA CGM will launch a new M2X Mexico Express service calling at Xingang, Qingdao, Busan, Ensenada, Manzanillo, Lazaro Cardenas, Yokohama, Busan, Xingang from 11 May 2024. The M2X will turn in 56 days using 8 ships of 4,200 teu starting from 11 May 2024 with the 4,253 teu ANL WANGARATTA at Busan. The service will compete directly with COSCO/OOCL's newly launched WSA5/TLP5 service that will start on 6 May 2024 calling at Busan, Dalian, Ningbo, Shanghai, Qingdao, Ensenada, Manzanillo, Ensenanda,
CMA CGM will launch a new Karibu Express service connecting Jebel Ali, Mombasa, Longoni, Pointe Des Galets, Mombasa, Mogadishu, Jebel Ali. The service will turn in 42 days using 6 ships of 1,570 to 1,850 teu starting with the 1,853 teu CMA CGM KAILAS at Jebel Ali on 12 May 2024. Port rotation of the CMA CGM Karibu service
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