Evergreen will launch a new Korea Taiwan Haiphong (KTH) service calling at Hakata, Ulsan, Busan, Kwangyang, Qingdao, Taipei, Kaohsiung, Haiphong, Kaohsiung, Taipei, Hakata on 21-day round trip with three 1,700 teu-1,900 teu ships from 4 June 2023. The KTH service will deploy the 1,984 teu EVER CLEVER, 1,844 teu EVER CHASTE and 1,708 teu QUEZON BRIDGE that will phase in at Hakata on 4 June, 14 June and 28 June respectively. QUEZON BRIDGE will be replaced by the 1,809 teu EVER CHARM on 11 July a
Taiwanese liners' April revenue fell 5% MoM after a 1-month rebound in March. The decline in these liners' revenue start to mirror that magnitude of the fall in CCFI.
Arkas and Evergreen have teamed up to launch a new North Africa Express/North Africa (NAX/NAFR) service that connects Piraeus, Algiers, Valencia, Casablanca. The service will operate on a 20 days rotation using 2 ships with sailings every 10 days starting with the 1,164 teu UNI-ASSURE from Evergreen at Piraeus on 16 May 2023 and the 1,445 teu ROZA A from Arkas on 30 May.
Arkas and Evergreen are launching a new North Africa Express (NAX) that will call Piraeus, Algiers, Valencia, Casablanca, Piraeus on 21-day round trip. 1,164 teu UNI-ASSURE and 1,445 teu CORELLI will phase in at Piraeus on 14 May and 19 May respectively. This new service looks like an upgrade of the present Greece-Algeria service (GAS) operated by Arkas with 1,136 teu KRETAS that calls Piraeus, Algiers, Piraeus. KRETAS will be re-deployed to Arkas's Spain-Portugal-Tangier (SPT) at Piraeus on 1
Taiwanese liners’ March revenue (in USD) rebounded 14% MoM versus CCFI’s continue decline. YoY comparison is still negative by 66%. The sequentially rebound is likely volume driven, a normal seasonal pattern from Feb to Mar.
Yang Ming reported this morning (10th Mar) FY2022 earnings plus large dividend pay-out. But what may have gone unnoticed today is that Evergreen also reported Feb 2023 top line overnight (9 Mar), being the earliest of any container liner financial reports. Evergreen's Feb revenue in USD terms fell 68% YoY and 28% MoM. Combining January and February, the two-month aggregate revenue fell 63% YoY. As the liners did not make over 60% operating profit margin in 1Q 2022, over 60% fall in revenue means
COSCO will withdraw its CENX "Prince Port Express Line" transpacific service that connects Qingdao, Shanghai, Prince Rupert, Qingdao. The last sailing was made by the 4,250 teu XIN YING KOU that departed from Qingdao on 12 November 2022. The CENX was first launched on 26 October 2021 by COSCO using 5 ships of 4,200-5,000 teu. In April 2022, OCEAN Alliance partners OOCL and CMA CGM began to participate on the service, branding it as the Pacific China North 2 (PCN2) and Great Lakes Express (GLX)
Evergreen is launching a new Intra-SEA service called Vietnam-Malaysia-Indonesia Service(VMI), which will rotate through Haiphong, Ho Chi Minh City, Port Klang Westport, Tanjung Pelepas, Jakarta, Semarang, Surabaya, Singapore, Tanjung Pelepas, Haiphong on 21-days round trip. 1,844 teu EVER CHASTE, 1,809 teu EVER CHARM and 1,984 teu GREEN CELESTE will phase in respectively on Jan 10, Jan 17 and Jan 24 at Haiphong. 1,844 teu EVER CHASTE and 1,809 teu EVER CHARM have until recently been deploye
Evergreen will extend its North East Asia-South East Asia Service A (NSA) to call at Philippines ports from the end of November 2022. The service currently calls at Osaka, Kobe, Moji, Hakata, Ulsan, Taipei, Taichung, Kaohsiung, Nansha, Hong Kong, Shekou, Osaka using 2 ships - the 1,809 teu GREEN CELEBRITY and the 1,984 teu EVER CONCISE. From 30 November 2022, the revised NSA rotation will call at Osaka, Kobe, Moji, Hakata, Ulsan, Taipei, Taichung, Kaohsiung, Shantou, Hong Kong, Shekou, Kaohsiu
EMC, YMM and WHL reported October top line. In aggregate, which provide better read through for the industry, revenue in USD fell 15% MoM and 33% YoY, probably would be taken as positive surprises since the fall is less than CCFI. As additional context for this set of October figures, the Taiwanese liners' revenue fell more more than CCFI during September.