CMA CGM will launch a new Turkey Libya Express (TLX) service connecting Asia with the Red Sea, Turkey and Libya. The new weekly service will start on 1 July 2023 with the 2,468 teu BUXLINK and will deploy 9 ships of 2,500-4,400 teu. The service will call at Shanghai, Ningbo, Nansha, Singapore, Jeddah, Iskenderun, Malta, Misurata, Jeddah, Port Klang, Shanghai.
CNC, the intra-Asia subsidiary of CMA CGM, is launching a North China Booster service that connects Dalian, Qingdao, Busan, Kwangyang, Busan, Dalian. The new feeder service will turn in 7 days using the 1,708 teu CNC BANGKOK that will phase in at Dalian on 30 June 2023.
Container liftings for main carriers fell 6.8% YoY in 1Q 2023, accelerating from the 6.6% YoY fall in 4Q. All 9 of the main carriers recorded volume reductions, with Zim and Maersk recording the largest drops. The aggregate liftings of the 9 carriers in 1Q 2023 were even lower than the 2Q 2020 level during the first COVID wave. Despite the of the continuous improvement of the vessel turnaround time on the easing of port congestion, liner’s volume yield (liftings per slot) has continued to fall
CMA CGM's Containerships has upgraded its Portugal East Coast (PGEC) with new calls at Bassens (France) and Algeciras (Spain) from 6 June 2023. The revised PGEC rotation will call at Rotterdam, Bassens, Setubal, Algeciras, Setubal, Leixoes, Ferrol, Tilbury, Dunkirk, Antwerp, Vlissingen, Rotterdam on a 21 day rotation using 3 ships - the 962 teu SPICA J, 812 teu VOHBURG and 803 teu JORK RULER.
Containerships will combine the PGWC (Portugal-West Coast) with the POSS (Portugal South Spain) into a revamped PGWC service from 18 May 2023. The extended service will call at Dublin, Liverpool, Montoir, Leixoes, Algeciras, Vigo, Setubal, Leixoes, Ferrol, Liverpool, Dublin. The upgraded weekly service will turn around in 3 weeks starting with the 809 teu CMA CGM GOYA at Dublin on 18 May, followed by the 750 teu ENFORCER on 25 May and 868 teu WILHELM on 1 June. The service replaces the current
ANL, CMA CGM's Australia based subsidiary, has launched a new South East Asia Australia - West C. loop on 18 March 2023 using 3 ships of 1,700-1,900 teu. The service will operate in competition with the ONE/Maersk/Hapag-Lloyd service that ANL was initially slated to join. The South East Asia Australia - West C. loop calls at Port Klang, Singapore, Fremantle, Port Klang using the 1,740 teu ELA, 1,809 teu GREEN WAVE and the 1,930 teu PALAWAN. The service operates in competition with the Hapag-Ll
Containerships, the intra-Europe short sea subsidiary of CMA CGM, is launching a new Baltic Express (BLX) service that will call at Bremerhaven, Hamburg, Gdansk, Klaipeda, Riga, Norrkoping, Bremerhaven as an expansion of the Poland Express (PLX). The two vessels, the 1,404 teu HEINRICH EHLER and 1,638 teu BALTIC TERN, currently deployed in th PLX will be redeployed on the BLX. HEINRICH EHLER will start BLX on 1 May 2023 at Bremerhaven followed a week later by BALTIC TERN.
CMA CGM and MSC will add a new call at Ennore on the westbound leg of their jointly North Europe Med Oceania (NEMO)/Australia Express (AEX) service from 9 June 2023. The new call will provide the direct import connections from Australia and Singapore to Ennore, and export connections from Ennore to the Med and North European ports. The revised NEMO/AEX service will call at London Gateway, Rotterdam, Hamburg, Antwerp, Le Havre, Fos, La Spezia, Gioia Tauro, Pointe De Galets, Port Louis, Sydney, M
CMA CGM and Unifeeder/Unimed will launch a new Black Sea service that will call at Piraeus, Ambarli, Poti, Piraeus starting from 21 April 2023. The service is branded as the Caucasus Georgia Express by CMA CGM and Greece-Turkey-Georgia service by Unifeeder/Unimed, and will deploy the 1,096 teu CMA CGM BLOSSOM and the 1,145 teu SC PHOENIX on a 14 day rotation.
CMA CGM disclosed some head line figures for its FY2022 and Q4 2022 results on March 4. The group level net profit dropped 57% QoQ and 55% YoY, driven primarily by lower container freight rates (-13% QoQ) and to lesser extent lower volume (-9% QoQ). CMA CGM has not disclosed its expenses break-downs and liner level EBIT in this set of numbers. Group level net profit dropped $4bn QoQ against $3.6bn QoQ drop in shipping segment's EBITDA suggest the depreciation (e.g. chartering expenses) and tax e