Red Sea

Services

MSC adds West Med to Red Sea service

MSC has launched a new West Med to Red Sea service connecting Barcelona, Gioia Tauro, Mersin, Jeddah, King Abdullah Port, Port Said, Barcelona. The service turns in 3 to 4 weeks and will deploy up to 6 ships of 4,800-6,800 teu with the first sailing by the 6,724 teu MSC MELISSA on 14 January 2024.

Services

Hapag-Lloyd and ONE add separate Jeddah feeder connections

Hapag-Lloyd has launched an ad hoc Jeddah Express (JDX) service connecting Tanger Med, Damietta, Jeddah, Damietta, Tanger Med to facilitate cargo connections to Jeddah that are affected by the Red Sea blockade since December 2023. The service will connect to Jeddah via the Suez Canal from the north, allowing it to avoid the Gulf of Aden. The 4,252 teu SEASPAN HAMBURG has been deployed on the JDX since 31 December 2023, with the 2,518 teu ZHONG GU XIONG AN joining the service on 29 January. The

Service cancellations

THE Alliance/Wan Hai suspends Asia Red Sea (AR1) service

The Asia Red Sea (AR1) service jointly operated by THE Alliance and Wan Hai will be suspended with the last westbound sailing to depart from Singapore on 31 January 2024. 4 ships are currently deployed on this service which typically turns in 7 weeks on the Red Sea route calling at Busan, Shanghai, Ningbo, Shekou, Singapore, Jeddah, Aqaba, Sokhna, Jeddah, Singapore, Busan. The 5,610 teu WAN HAI 613 was the last ship to transit via the Gulf of Aden while 3 other ships (YM MUTUALITY, YM MODERAT

Services

MSC adds Djibouti service

MSC has launched a new Djibouti service connecting Colombo, Djibouti, Aden, Colombo from 23 January 2024. The service will turn in 2 weeks and deploys 2 ships - the 4,056 teu MSC GINA and 3,424 teu MSC ROSSELLA.

Services

CUL adds Red Sea Service (REX)

China United Lines have introduced a new Red Sea Service (REX) to connect China and Jeddah amidst the on-going Red Sea crisis that has seen a reduction in the number of ships able to serve the Red Sea region. The REX service calls at Qingdao, Shanghai, Ningbo, Nansha, Jeddah, Qingdao with a single 2,786 teu ship (CUL MANILA) deployed since 28 December 2023. The service turns in around 30 to 35 days on a monthly frequency.

Markets

80% of all containerships on Suez route have diverted to the Cape of Good Hope

The number of containerships that has been diverted from the Suez to the Cape route has reached 354 ships since 15 December 2023, accounting for 80% of all the ships moving between the Atlantic/Med basins and the Indian Ocean. The number will continue to grow over the coming week with most of the main carriers currently opting for the Cape route. Only CMA CGM and a small number of niche carriers operating in the Asia to East Med and Baltic markets that have continued to use the Suez route with r

Services

MSC adds Red Sea Express service

MSC has introduced a new Red Sea Express service that connects Tekirdag, Derince, Mersin, King Abdullah Port, Jeddah, Aqaba, Tekirdag from 31 December 2023 with the 4,872 teu MSC CARMEN. The service will provide connections to the Red Sea ports in Saudi Arabia and Jordan that are currently restricted.

Services

Hapag-Lloyd adds Tanger-Damietta-Jeddah service for Red Sea cargo affected by diversions to Cape route

Hapag-Lloyd will introduce a new shuttle service for Red Sea cargo connections calling at Tanger, Damietta, Jeddah, Tanger from 19 January 2024 using the 4,252 teu SEASPAN HAMBURG. The service will turn on a 10-12 day frequency initially with feeder connections offered at Jeddah to Aqaba and Port Sudan. The temporary solution will replace current connections to the Red Sea that have been affected by vessel diversions to the Cape route.

Markets

Red Sea crisis to keep freight rates elevated through February

The number of containerships diverted to the Cape Route has reached 262 ships as at 31 December 2023 with a total capacity of 3.4m teu or 12% of the global capacity. Apart from ships diverted from the Suez route, there is also an increasing number of ships diverted from the Panama Canal to avoid the Canal congestion. With the crisis hitting Europe rates the hardest, European carriers have taken a divergent approach with Maersk and CMA CGM resuming Suez transits as of last week while MSC and Ha

Markets

Capacity crunch looms as diversions from the Red Sea hit record high

The number of containerships diverted from the Suez to the Cape Route has surged to 125 units compared to 44 a week ago, including 16 ships that turned back in the Red Sea to the Med after making their southbound Suez passage. The record number of diversions far exceeds the number of ships that were diverted during the EVER GIVEN incident on the Suez Canal in March 2021 when less than 20 ships were diverted. While the previous Suez blockage in 2021 lasted barely 7 days, the impact of the current

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