TS Lines will join Maersk/Sealand Asia on the new IA-10 service that calls at Taichung, Xiamen, Hong Kong, Shekou, Sihanoukville, Bangkok, Laem Chabang, Ho Chi Minh City, Batangas, Manila (North), Taichung. The service turns in 21 days using 3 ships with TS Lines adding the 1,808 teu TS BANGKOK to the service from 20 August 2023, joining the 1,774 teu NORDMAAS and 1,781 teu HELGOLAND from Maersk.
X-Press Feeders will add a new North China-India West Coast X-Press (NWX) service in a new Vessel Sharing Agreement with Maersk on the current FI3 service from 14 September 2023. The new NWX/FI3 service will be an enhancement of the existing FI3 with the addition of new calls at Port Klang, Karachi and Mundra and a 7th ship added with the capacity to be enhanced from 3,300-5,000 teu to the 7,000 teu. X-Press Feeders will contribute 4 of the 7 ships including its new 7,092 teu ships that are b
Maersk and X-Press Feeders will jointly launch a new Safina/China-Jebel Ali Express (CJX) service that connects Ningbo, Shanghai, Shekou, Tanjung Pelepas, Port Klang, Jebel Ali, Colombo, Singapore from 19 September 2023. The service will turn in 6 ships of 4,000-5,000 teu, with 4 ships from Maersk and 2 ships from X-Press Feeders. The service will replace the existing China Jebel Ali X-Press/Arabian Express (CJX/ABX) and Straits Middle East X-Press/Arabian Star (SMX/ABS) service that calls res
Maersk has added additional sailings between China/Korea and the US East Coast on its extra loader program for overflow cargo, retaining the routing via the Panama Canal despite ongoing draft restrictions and congestion. Maersk has deployed 8 extra sailings to the US East Coast since the beginning of July 2023 using ships of 3,000-7,000 teu, of which 6 sailings took the Panama route without encountering any significant delays, while 2 sailings were routed via the Suez Canal. * GSL ELEFTHERIA
Maersk net profits slipped 47% QoQ in the 2nd quarter of 2023, with the dismal performance of the logistics segment continuing to pull down the Group’s results. Liner EBIT dropped by a lower 39% QoQ in 2Q to $1.97Bn which is higher than earnings in any quarter prior to 2020. Management lifted the lower end of the full year EBIT earnings guidance from $2 Bn to $3.5 Bn but kept the upper end unchanged at $5 Bn. As 1H 2023 EBIT has already reached $4 Bn, the revised FY guidance implies 2H EBIT to
Maersk’s failure to protect its liner market share in the last 3 years has cost it dearly, as it gave up at least $4 Bn in foregone profits that Maersk would have been able to generate if it had maintained its global capacity share at 18% instead of the current 15.5%. In its stead, Maersk has chosen to invest almost $10 Bn of incremental capital in its logistics services since 2020 as it pivoted to the logistics integrator strategy. However, in its latest 2nd quarter financial report, Maersk’s
Sealand Asia (Maersk) and TS Lines will add a northbound call at Qinzhou on their jointly operated NV2 service starting from 2 August 2023. The revised NV2 will retain a 14 day rotation and call at Ningbo, Shanghai, Hong Kong, Haiphong, Qinzhou (new), Hong Kong, Ningbo. The service currently deploys 2 ships of 1,000-1,200 teu with Sealand and TSL each contributing one ship.
Sealand Asia, the intra-Asia regional carrier of Maersk, will launch a new weekly IA11 service connecting Taiwan, East China and Vietnam in August. The IA11 service turns in 2 weeks and will call at Shanghai, Ningbo, Kaohsiung, Ho Chi Minh City, Kaohsiung, Shanghai from 19 August 2023 with the 1,060 teu PADIAN 2 and followed a week later by the 1,114 teu CONTSHIP WAY at Shanghai. The Sealand Asia brand will be integrated into the Maersk brand over the course of 2023, with the process already s
Maersk is breaking up the FE-LTAM butterfly service AC2/AC3 into two separate service AC2 and AC3. AC2 will call Shanghai, Qingdao, Busan, Yokohama, Manzanillo (Mexico), Lazaro Cardenas, Guayaquil, Balboa, Lazaro Cardenas, Shanghai on 70-days round trip with ten 13,568 teu ships. AC2 will start with 13,568 teu MAERSK ELBA at Qingdao on 16 Sep. AC3 will call Hong Kong, Shanghai, Ningbo, Gwangyang, Busan, Balboa, Buenaventura, Callao, Puerto Angamos, San Antonio, Tauranga, Hong Kong on 77-days r
TS Lines has introduced a new North Vietnam 2 (NV2) service in a partnership with Maersk/Sealand Asia. The service calls at Ningbo, Shanghai, Hong Kong, Haiphong, Hong Kong, Ningbo using 2 ships of 1,000 teu. TS Lines's chartered 987 teu ORTOLAN EPSILON made its maiden call at Ningbo on 30 May 2023 for one voyage, joining Maersk's 1,049 teu ASIATIC SUN on the service. TS Line will replace the ship with the TS HAIPHONG and TS KOBE subsequently in June.