CMA CGM has withdrawn its new Turkey Libya Express (TLX) service after just 6 sailings from Asia to the Red Sea, Turkey and Libya. The service start on 2 July 2023 with the 2,468 teu BUXLINK and called at Shanghai, Ningbo, Nansha, Singapore, Jeddah, Iskenderun, Malta, Misurata with several ad hoc calls at Lianyungang and Tripoli. Only 6 headhaul sailings were conducted by the 3,534 teu HOPE ISLAND, 4,506 teu CMA CGM OSAKA, 4,294 teu CMA CGM MONTOIR, 4,253 teu CMA CGM PERTH and 4,404 teu CMA CG
CNC (CMA CGM), COSCO and Samudera have teamed up to operate a new Singapore-Haiphong feeder service offering twice weekly departures using 3 ships on an 10-11 day rotation. The service is branded respectively as the Haiphong Singapore Feeder 1 (HSF1CNC) by CNC, Singapore-North Vietnam Express (NVX) by COSCO and North Vietnam Service (NVS) by Samudera. The joint service incorporates the 3 carriers' existing North Vietnam services, with the existing NVX/NVS operated by COSCO and Samudera revamped
Charter rates for ships below 5,000 teu have tumbled with an increasing pool of redelivered ships and relets while charter periods have also shortened with carriers unwilling to commit to longer periods in a slowing market. Rates for ships above 5,000 teu have remained relatively resilient but this is only due to the limited number of candidates available in the market. Zim continues to shed its surplus tonnage, with the 4,252 teu VOLANS redelivered 10 months early and retaken by Hapag-Lloyd at
CMA CGM will add a new call at Gdansk on the Asia-Europe FAL 1 service that is operated as part of the OCEAN Alliance NEU1 service from the westbound rotation starting from 10 August 2023. The service is branded respectively as AEU2 by COSCO, LL4 by OOCL and FAL1 by Evergreen. The extended FAL 1 rotation will call at Busan, Ningbo, Shanghai, Yantian, Singapore, Algeciras/Tanger Med (alternate calls), Dunkirk, Le Havre, Hamburg, Gdansk (new from 5 Oct 2023), Rotterdam, Algeciras, Port Klang, Bus
CMA CGM recorded a 34% QoQ and 83% YoY decline in net profits to $1.3 Bn in the second quarter of 2023 on weaker freight rates despite improved liftings that saw sequential volume increases that confirmed the trend shown in our high frequency data on weekly capacity and utilization. But CMA CGM recorded a larger QoQ sequential drop in its average revenue per teu compared to the CCFI due to contract mix and Trans-Atlantic exposure relative to CCFI. Trans-Atlantic head haul freight rates have fall
CMA CGM will launch a new Turkey-Algeria TURAF Express service connecting Aliaga, Gemlik, Izmit, Ambarli, Malta, Alger, Aliaga from 17 July 2023 using 3 ships of 800-1,000 teu. The first voyage will be made by the 868 teu ATLANTIC GREEN with 2 additional ships that are yet to be named.
CMA CGM will drop the Containerships brand from 1 July 2023, with all of the Containerships services coming under the unified CMA CGM brand. Containerships was founded in 1966 with operations based in Helsinki in Finland. CMA CGM had acquired Containerships from Finnish company Container Finance Ltd Oy on 31 October 2018, and retained the brand for its intra-European services. The acquisition was part of CMA CGM's strategy to densify its European regional network that began in 2002 with the acq
Containerships, the intra-Europe arm of CMA CGM, will launch a new Scotland Express 2 (SCX 2) service connecting Rotterdam, Hull, Grangemouth, Rotterdam from 8 July 2023 using the 750 teu ENCOUNTER. The SCX 2 will turn weekly in 7 days and will call at 3 terminals at Rotterdam - Rotterdam World Gateway (RWG), Dedicated Delta South (DDE) and RST Zuidzijde. It will complement that Scotland Express (SCX) service that currently calls at Rotterdam, Teesport, Grangemouth, Rotterdam that is operated
CNC, the intra-Asia arm of CMA CGM, has revamped its China South East Express services into a new South China-Philippines CP2 service from 20 Jun 2023. The revised CP2 will call at Nansha, Hong Kong, Shekou, Batangas, General Santos, Davao, Nansha on a 14 day rotation using 2 ships of 1,756 teu - SAN GIORGIO and CNC URANUS. CP2 service rotation
CNC, the intra-Asia arm of CMA CGM, has introduced a new South China-Philippines CP3 service that will start from 30 June 2023 to call at Shekou, Hong Kong, Subic Bay, Cebu, Cagayan de Oro, Kaohsiung, Shekou. The service turns in 14 days using 2 ships, the 1,781 teu SHENG AN and 1,952 teu CNC JUPITER. CP3 service rotation