OOCL

Services

Jinjiang/OOCL/Sinokor/SITC to launch new Far East-India service

Jinjiang Shipping, OOCL, Sinokor and SITC will jointly launch a new Far East-India service that will be branded respectively as South China-East India (CSI)/Far East Chennai Service 3 (FCS3)/Sinokor India Service 3 (SIS3)/Far East-India Express 2 (FIE2). The service will start from 2 December 2024 to call at Nansha, Shekou, Ho Chi Minh City, Laem Chabang, Port Klang (WP), Chennai, Port Klang, Nansha. It turns in 4 weeks using 4 ships of 2,400 to 2,800 teu with each partner contributing one ship

Services

CMA CGM and Hapag-Lloyd splits up Indamex service, with COSCO and OOCL to join new CMA CGM India-USEC service

CMA CGM and Hapag-Lloyd will terminate their jointly operated India-US East Coast Indamex and Indamex 2 services from August 2024 and replace them with separate services that will be operated independently by the two carriers. Hapag-Lloyd has announced a new TPI (Indamex) service that will call at Port Qasim, Nhava Sheva, Mundra, New York, Norfolk, Savannah, Charleston, Port Qasim from 8 August 2024 with the 9,274 teu TORRENTE. The service will turn in 11 weeks and will be operated independentl

Services

COSCO/OOCL revise CPNW/PNW4 transpacific service

COSCO will replace the existing OCEAN Alliance CPNW/PNW4/PE2/Twin Peaks Express (TWPKS) service calling at Yantian, Hong Kong, Ningbo, Shanghai, Prince Rupert, Vancouver, Yantian with a revised rotation that omits the Vancouver call which is shifted to the new China-Pacific Northwest Coast/Vancouver (CPV) service calling at Ningbo, Shanghai, Vancouver, Seattle, Lianyungang, Ningbo starting from 12 June 2024. OOCL, Evergreen and CMA CGM will retain their slots on the 2 services. COSCO will also

Services

COSCO/OOCL launch SEA3/PSX transpacific service

COSCO and OOCL will launch a new peak season transpacific service to the Pacific Southwest calling at Kaohsiung, Xiamen, Yantian, Long Beach, Kaohsiung branded as the SEA3 and PSX respectively. The SEA3/PSX will start from 23 June 2024 at Yantian with the 8,533 teu XIN FEI ZHOU. The service will turn in 6 weeks and will deploy 6 ships of 8,000 to 10,000 teu operated exclusively by COSCO and OOCL.

Services

COSCO launch PNW peak season transpacific service

COSCO and OOCL will launch a PNW peak season transpacific service branded as the China-Pacific Northwest Coast/Vancouver (CPV) service calling at Ningbo, Shanghai, Vancouver, Seattle, Lianyungang, Ningbo starting from 12 June 2024. The CPV service will turn in 42 days using 6 ships of 4,250 teu starting with the 4,253 teu COSCO VENICE at Ningbo. The service will be the first new transpacific service launched for this year’s peak season and will add 1.4% to the current capacity deployed on the F

Services

COSCO & OOCL to launch new Asia-Mexico WSA5/TLP5 service

COSCO and OOCL will jointly launch a new Asia-Mexico WSA5/TLP5 service from 6 May 2024 calling at Busan, Dalian, Ningbo, Shanghai, Qingdao, Ensenada, Manzanillo, Ensenanda, Yokohama, Busan. The WSA5/TLP5 will turn in 8 weeks using 8 ships of 4,000 to 6,000 teu starting with the 5,668 teu XIN DA LIAN at Ningbo on 6 May 2024.

Services

Evergreen revamps the OCEAN Alliance TPN and TPA Transpacific/Middle East services

Evergreen will revamp its transpacific-Middle East Transpacific Northwest Service (TPN) and Transpacific Arabian Service (TPA) from May 2024, with the Middle East calls on the current TPA service shifted to the TPN which will be renamed as the Asia-Northwest-Persian Gulf (ANP) service. The ANP service will call at Dammam, Umm Qasr, Jebel Ali, Port Klang, Laem Chabang, Cai Mep, Kaohsiung, Yantian, Shanghai, Ningbo, Tacoma, Vancouver, Tokyo, Nagoya, Osaka, Shanghai, Ningbo, Kaohsiung, Shekou, Por

Services

Asia-East Coast South America capacity upgrade scheduled in May 2024

6 carriers on the Asia-East Coast South America trade (CMA CGM, COSCO, OOCL, Evergreen, PIL and Yang Ming) will upgrade their 2 existing strings from May 2024, with average weekly capacity to rise from 21,300 teu to 24,000 teu. The first string branded as SEAS2/ESA2/TLA2/ESA3/SSA/SA5 by CMA CGM, COSCO, OOCL, Evergreen, PIL and Yang Ming respectively will call at Xingang, Qingdao, Shanghai, Ningbo, Shekou, Singapore, Rio de Janeiro, Santos, Paranagua, Itapoa, Navegantes, Santos, Colombo, Singapo

Companies

Early liners revenue report suggested EBIT turnaround to mid teen in 1Q 2024

The Taiwanese liners and OOIL have reported their top line results for 1Q 2024 between 10 April and 12 April (last week), being the first batch of operating updates from container liners for the period. The revenue for 1Q 2024 rebounded between 11% and 34% QoQ as expected but the rebound tracked below the CCFI’s 51% jump QoQ. Nevertheless, the top line rebound should move the liners’ EBIT margin to mid teen in 1Q. YMM being the liners with higher long haul spot exposure has delivered the higher

Service cancellations

OCEAN Alliance to drop North Europe service due to Red Sea crisis

The new OCEAN Alliance Day 8 network starting in April 2024 will drop one of the 7 Far East-Europe services that they current operate. The affected service is the Far East North Europe NEU3 service (branded respectively by COSCO/OOCL, CMA CGM and Evergreen as the AEU7/LL3/FAL7/NE7) calling at Xiamen, Nansha, Hong Kong, Yantian, Cai Mep, Singapore, Zeebrugge, Hamburg, Rotterdam, Port Klang, Singapore, Xiamen with the wayport call at Piraeus omitted since January due to the diversion of the servic

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