Hapag-Lloyd and Maersk will launch a new Transpacific WC6/TP9 service connecting Xiamen, Busan, Long Beach, Xiamen. The Gemini Cooperation service will turn in 6 weeks and deploys 6 ships of 4,000-5,000 teu starting with the 4,622 teu RHONE MAERSK at Xiamen on 23 June 2025.
Maersk and Hapag-Lloyd have launched a new Gemini Cooperation feeder service branded as Middle East Shuttle 6 (M06) / Pakistan Service 2 (PK2) to connect Salalah, Port Qasim, Salalah from 13 May 2025. The service turns in 7 days using 2 ships of 2,500-3,500 teu to provide 2 sailings a week.
Maersk and Hapag-Lloyd will launch 2 new feeder services to provide connections between the Colombian hub of Cartagena with US Gulf coast ports from March 2025. These services are operated by Maersk as part of the Gemini Cooperation network to the US Gulf:- * The America Shuttle 1 (AM1) / Florida Shuttle (FLS) service will connect Cartagena, Miami, Jacksonville, Cartagena from 17 March 2025. The service will turn in 14 days using the 2,544 teu ERATO and 2,532 teu MAERSK NESTON * The IAM Ameri
Hapag-Lloyd will launch a new Portugal Tangier Express (PTX) service connecting Tangier, Lisbon, Vigo, Leixoes, Tangier from 17 March 2025 with the 1,440 teu GFS SAPPHIRE on a weekly rotation that will provide connections between Iberian ports as well as transshipment options at Tangier to Hapag-Lloyd’s global network.
ONE reported calendar 4Q 2024 (fiscal 3Q) revenue fell by 17%, while EBIT decreased by 44% quarter-over-quarter. The results were in line with COSCO’s preliminary profit guidance issued earlier on 10 January, with COSCO expecting larger QoQ falls than ONE. Hapag-Lloyd also reported its preliminary full-year and 4Q 2024 results that came in at the upper end of the earnings guidance provided in its last quarterly update. Hapag-Lloyd’s higher contract exposure in 2024 contributed to more stable ea
Maersk and Hapag-Lloyd will roll out 4 new intra-Asia feeder services from February 2025 in conjunction with the launch of the new Gemini Cooperation network, with the following rotation details: * Taiwan Express (TWX) calling at Taichung, Kaohsiung, Tanjung Pelepas, Singapore, Taichung. The service will turn in 14 days using 2 ships of 2,400-2,700 teu starting with the 2,702 teu GABRIELA A at Taichung on 6 February 2025 followed by the 2,433 teu CUL QINGDAO. * China Philippines Feeder (CPF)
Hapag-Lloyd will launch a new Vietnam Cambodia (VCS) service connecting Sihanoukville, Cai Mep, Haiphong, Yantian, Shekou, Sihanoukville from 18 January 2025. The service will turn in 14 days using 2 newbuildings of 1,930 teu that Hapag-Lloyd has taken on 2 year charters from Reederei Nord starting with the NORDATLANTIC at Sihanoukville on 18 January 2025 followed by the NORDBALTIC on 25 January 2025.
Market Pulse Week 48: Zim reported net profits of $1.13 Bn and EBIT of $1.24 Bn for the 3rd quarter of 2024, concluding the reporting season for the publicly listed carriers. Zim’s EBIT margin of 44.7% puts it in 4th place behind EMC, HMM and Yang Ming but Zim delivered the highest annualized RoE of 115% in Q3 2024 - twice that of the second-best performer EMC and more than 4 times more than the industry average ROE of 25%. Market Pulse Week 47: Asian carriers have outperformed their European p
ONE is scheduled to report its calendar Q3 results on October 31, 2024, marking the start of the reporting period for major liners. ONE has projected its Q3 2024 net profit to increase by 88% quarter-on-quarter, while COSCO recently indicated that its Q3 2024 EBIT is expected to rise by 154% quarter-on-quarter. Other liners have not provided guidance for Q3, but those that have offered FY2024 projections suggest their second-half earnings could vary from a decline quarter-on-quarter to an incre
Hapag-Lloyd has merged its South America – Africa Triangle Service (SAT) with the West Europe-West Africa (WWA) into an extended butterfly pattern covering North Europe-Africa-South America-Africa-North Europe starting from June 2024. The integrated SAT/WWA service will call at Paranagua, Santos, Navegantes, Luanda, Durban, Port Elizabeth, Luanda, Tangier Med, Rotterdam, Antwerp, Le Havre, Lisbon, Tangier Med, Tema, Pointe Noire, Luanda, Paranagua turning in 7 to 8 weeks deploying up to 8 ships