ONE has introduced a new Israel Express (ILX) shuttle service that will connect Damietta, Haifa, Ashdod, Damietta. The service is scheduled to start at Damietta on 29 March 2023 with the 1,118 teu MITO that has been fixed for 6-8 months at a daily rate of $13,250. MITO previously was deployed in Unifeeder's Intra-North Europe service.
CMA CGM and ONE will update the port rotation on their NC Levant/North Europe-East Mediterranean Express (NEX) service that connects North Europe with the East Med/Levant. The new rotation will call at Felixstowe, Hamburg, Rotterdam, Antwerp, Le Havre, Malta, Alexandria, Damietta, Beirut, Iskenderun, Mersin, Malta, Tanger, Felixstowe with the changes to take effect from 26 February 2023. The changes include the following: * Existing Southampton call is replaced by Felixstowe * New northbou
ONE reported during lunch break today (31 Jan). Net profit dropped 50% QoQ and 2022 financial year (Apr 2022-Mar 2023) earning guidance was cut by 4% or Q4 (Jan-Mar 2023) earing guidance was cut by 37%m. The 50% QoQ drop in net earnings is a touch better than the 60% QoQ drop that we previously estimated based on the Taiwanese liner's top line results here [https://www.linerlytica.com/app/post/twn-liners-top-line-reports-hinted-potentially-60-qoq-fall-in-net-profit/] . ONE's average freight ra
ONE has introduced a new Callao-Arica link named as the Altiplano Service (ATS) starting from 6 February 2023. The service will ride on slots on X-Press Feeders' Chile Peru X-Press (CPX) that calls at Callao, Arica, Iquique, Callao that is operated on a weekly frequency with the 1,638 teu BALTIC PETREL.
ONE will take slots on the Far East-USWC leg of CMA CGM's Columbus JAX service connecting Port Klang, Laem Chabang, Cai Mep, Yantian, Los Angeles, Oakland, Yantian, Cai Mep, Singapore, Port Klang from 15 February 2023. ONE will brand the service as the China Pacific Southwest 6 (CP6), which is operated by CMA CGM with 19 ships of 11,000-15,000 teu on an extended pendulum that connects the USEC-FE-USWC as part of the Ocean Alliance's PSW3|USEC3/Columbus JAX/SEA2|AWE5/SEAP-PSW|SEAP-USEC/PE1 servi
The four carrier partnership of ANL (CMA CGM), Hapag-Lloyd, Maersk and ONE on the SE Asia-Australia route will revise their 3 existing services from March 2023. The first service, branded respectively as the ANL 'AAX-S' (changed from AAX1), Hapag-Lloyd 'SEA', Maersk 'Greater Australia Connect' (GAC) (changed from Cobra) and ONE 'AU1', will call at Port Klang, Tanjung Pelepas, Singapore, Melbourne, Sydney, Adelaide, Fremantle, Port Kelang from 9 March 2023 with the 8,400 teu MAERSK STRALSUND .
Container liners Q4 earnings report will likely be a turning point of this earning cycle, underlined by the 45% QoQ drop in average CCFI index. Listed Taiwanese liners have released their revenue report in the second week of January. The up coming liner revenue or earning reports IF they follow last year's release schedule would be as follows (last year release date): 1. Maersk preliminary results (14 Jan); 2. Matson profit alert (19 Jan); 3. OOCL operating updates (24 Jan); 4. COSCO prof
CMA CGM has joined COSCO, OOCL and ONE on the East Mediterranean America (EMA) service, replacing Yang Ming as the 4th partner on the Med-USEC service. CMA CGM sells the service as the Turkey Express (TUX), with its participation commencing from 25 November 2022 with the introduction of the 4,360 teu CMA CGM LAPIS to the service. It will join 5 other ships of 4,200-5,00 teu, of which 2 are operated by COSCO and ONE, and 1 by OOCL. The service currently calls at Iskenderun, Aliaga, Ambarli, Pir
The main carriers’ average EBIT margins fell by 3.4% from the 2Q peak of 54.3% to 50.9%. However, the gap between individual carriers are widening, with some notable drops at Wan Hai (down 13.0%), OOCL (down 8.3%), HMM (down 6.8%) and Yang Ming (down 6.1%). Carriers with a larger share on the Asia-US West Coast have suffered the largest margin erosion, with a sharper drop expected in 4Q 2022 as the rate malaise has spread to other tradelanes.
Sealand Asia, the intra-Asia arm of Maersk, has revamped its IA-9 service with a new streamlined port rotation calling at Qingdao, Yokohama, Nagoya, Kobe, Shanghai, Xiamen, Ho Chi Minh City, Singapore, Tanjung Pelepas, Port Klang (N), Penang, Port Klang (W), Tanjung Pelepas, Ho Chi Minh City, Hong Kong, Qingdao. Calls at Hibiki, Busan, Hakata, Moji, Xiamen and Jakarta are dropped, while a new call at Penang is added. The revised rotation will turn in 5 weeks instead of 6 weeks under the previou