The new China-East Africa service jointly operated by ESL, GFS, IAL, KMTC, RCL and TSL will start from 6 November 2023 calling at Qingao, Shanghai, Ningbo, Nansha, Port Klang, Mombasa, Dar Es Salaam, Port Klang, Qingdao on a 56 day rotation using up to 8 ships of 2,400-3,000 teu. The ships initially deployed will be the 2,786 teu CUL MANILA operated by Emirates Shipping (ESL), 2,954 teu TS CHENNAI from TSL, 2,732 teu RACHA BHUM from RCL, 2,755 teu SM KAVERI from GFS, ESL ENDEAVOUR from ESL and
ESL, GFS, IAL, KMTC, RCL and TSL will jointly launch a new China-East Africa service starting from November 2023. The service will call at Qingao, Shanghai, Ningbo, Nansha, Port Klang, Mombasa, Dar Es Salaam, Port Klang, Qingdao on a 56 day rotation using up to 8 ships of 2,400-3,000 teu. The service will be branded as the RCL East Africa (REA) service by RCL while the other partners to the service have not yet announced their assigned service names.
The Vietnam Gulf India/RCL Gulf Asean/Vietnam Gulf Express/Saigon Gulf Service (VGI/RGA/VGX/SGS) service jointly operated by ESL, KMTC, RCL, CU Lines and Global Feeder Shipping will be upgraded from the 2,500 teu scale to 5,500 teu starting from September 2023, with CMA CGM joining as the 6th partner in the service who brands it as the Vietnam Gulf India (VGI) service. The service was first launched in January 2022 using up to 5 ships of 2,000-2,700 teu and called initially at Ho Chi Minh City,
TS Lines (TSL)has added a new Asia Indian Subcontinent 2 (AIS2) service after it joined Sinokor and Global Feeder Service (GFS) on their jointly operated Sinokor India Service 2 (SIS 2) / China Sub Continent (CSC) service. TS Lines replaced SeaLead as a partner on this service after the latter pulled out from the service in December 2022. The first TSL vessel to join the service is the 4,380 teu TS SINGAPORE that joined the service on 10 March 2023 at Busan. The SIS2/CSC/AIS2 service calls at
PIL has introduced a new Gulf China Service 2 (GC2) through a slot arrangement with ESL on the Galex service. The service is jointly operated by Emirates Shipping Line (ESL), Global Feeder Shipping (GFS), KMTC and RCL using 7 ships of 6,500-8,500 teu with a full rotation that calls at Busan, Shanghai, Ningbo, Xiamen, Dachan Bay, Port Klang, Khor Fakkan, Jebel Ali, Sohar, Qingdao, Busan. PIL's GC2 will start on 17 March 2023 on the 8,540 teu HAKARA SEOUL. The GC2 coverage will not include Qingda
The 3 AD Ports shipping companies - Safeen Feeders, Transmar and Global Feeder Shippping (GFS) - will launch a new service connecting Karachi, Abu Dhabi, Jebel Ali, Dammam, Jeddah, Aqaba, Sokhna, Adabiya, Port Sudan, Djibouti. The service is scheduled to start in December 2022, with further details still to be advised.
Maersk and Global Feeder Shipping (GFS) will launch a new Intra ME/ISC service that will cover Jebel Ali, Dammam, Jebel Ali, Mundra, Pipavav, Jebel Ali with two ships, the 1,740 teu BIG DOG and 1,613 teu GFS RANNA (ex HERA). BIG DOG will phase in on 29 November 2022 at Jebel Ali while GFS RANNA, coming out of drydock, will phase in also at Jebel Ali on 6 December 2022. Maersk brands this new service as the Shaheen Express. GFS has not yet released details on the new service. Shaheen Express po
AD Ports have agreed to buy an 80% stake in Dubai based Global Feeder Shipping (GFS) on 3 November 2022 for a total consideration of $800m, implying a total valuation of $1 Bn for GFS. In the last 12 months, GFS recorded total revenues of $1,085m, EBITDA of $521m and Net Profit of $481m, with an EV/EBITDA multiple of 1.9x for the transaction. According to AD Ports, it assumed a correction of 60% in the freight rates over the coming years from the peak rates in 2022 before arriving at the agre
Global Feeder Shipping (GFS) will launch a new Spain-Turkey Service (STS) starting from 9 November 2022 calling at Ambarli, Gebze, Valencia, Barcelona, Ambarli. The service will turn in 2 weeks with the 1,440 teu GFS SAPPHIRE and the 679 teu SEADRAGON. GFS will partner with ONE on this intra-Med service. Spain-Turkey Service (STS) port rotation