CMA CGM and Hapag-Lloyd will terminate their jointly operated India-US East Coast Indamex and Indamex 2 services from August 2024 and replace them with separate services that will be operated independently by the two carriers. Hapag-Lloyd has announced a new TPI (Indamex) service that will call at Port Qasim, Nhava Sheva, Mundra, New York, Norfolk, Savannah, Charleston, Port Qasim from 8 August 2024 with the 9,274 teu TORRENTE. The service will turn in 11 weeks and will be operated independentl
Diamond Line, the intra-European feeder arm of COSCO Shipping, has launched a new Piraeus-Constnata Express (PCE) service connecting Piraeus, Constantza, Piraeus from 12 June 2024. The PCE service in 7 days and deployed the 1,432 teu CONTSHIP SEA for the maiden voyage from Piraeus on 12 June before being replaced by the CONTSHIP RUN from 19 June. Piraeus-Constanta Express (PCE)
COSCO will replace the existing OCEAN Alliance CPNW/PNW4/PE2/Twin Peaks Express (TWPKS) service calling at Yantian, Hong Kong, Ningbo, Shanghai, Prince Rupert, Vancouver, Yantian with a revised rotation that omits the Vancouver call which is shifted to the new China-Pacific Northwest Coast/Vancouver (CPV) service calling at Ningbo, Shanghai, Vancouver, Seattle, Lianyungang, Ningbo starting from 12 June 2024. OOCL, Evergreen and CMA CGM will retain their slots on the 2 services. COSCO will also
COSCO and OOCL will launch a new peak season transpacific service to the Pacific Southwest calling at Kaohsiung, Xiamen, Yantian, Long Beach, Kaohsiung branded as the SEA3 and PSX respectively. The SEA3/PSX will start from 23 June 2024 at Yantian with the 8,533 teu XIN FEI ZHOU. The service will turn in 6 weeks and will deploy 6 ships of 8,000 to 10,000 teu operated exclusively by COSCO and OOCL.
COSCO and OOCL will launch a PNW peak season transpacific service branded as the China-Pacific Northwest Coast/Vancouver (CPV) service calling at Ningbo, Shanghai, Vancouver, Seattle, Lianyungang, Ningbo starting from 12 June 2024. The CPV service will turn in 42 days using 6 ships of 4,250 teu starting with the 4,253 teu COSCO VENICE at Ningbo. The service will be the first new transpacific service launched for this year’s peak season and will add 1.4% to the current capacity deployed on the F
COSCO has reached an agreement with ONE to purchase slots on the West India North America Express (WIN) service from 16 May 2024. COSCO will market the service as the India East Coast Express 2 (IPE2) and joins HMM as slot buyer on the new service that it markets as the India America Express (IAX), with each carrier taking 500 teu and 1,700 teu respectively per week, including 5o and 170 reefer slots each. ONE launched the service on 9 May 2024 on an extended routing through the Cape of Good
The first carriers to report 1Q 2024 financial results showed strong sequential improvements in earnings driven by higher average freight rates driven by the Red Sea crisis. However, earnings are down on a YoY basis, with carriers that have higher contract ratios reporting bigger YoY drop in earnings. Carriers’ top line revenue tracked below CCFI due in part to lagging revenue recognition with lower contracted rates from last year dragging down carriers’ average revenue gains. Liftings grew acr
COSCO and OOCL will jointly launch a new Asia-Mexico WSA5/TLP5 service from 6 May 2024 calling at Busan, Dalian, Ningbo, Shanghai, Qingdao, Ensenada, Manzanillo, Ensenanda, Yokohama, Busan. The WSA5/TLP5 will turn in 8 weeks using 8 ships of 4,000 to 6,000 teu starting with the 5,668 teu XIN DA LIAN at Ningbo on 6 May 2024.
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.