overall capacity on transpacific routes have increased materially in the past week and has outpaced demand as some carriers are offering rates below $7,000/feu to the West Coast
China United Lines (CUL) has launched the Transpacific Express III (TPN) service, its 3rd tranpacific service. The service started on 5 May with the 1,868 teu XIN MING ZHOU 106 calling at Haiphong, Ho Chi Minh City, Nansha, Ningbo, Qingdao, Los Angeles, Oakland. A sistership, XIN MING ZHOU 108 will also join the service on 20 May at Ningbo. The port rotation of this new service is irregular but is expected to call at Qingdao, Shanghai, Ningbo, Xiamen, Yantian, Los Angeles, Oakland, Qingdao.
There was further improvements in service levels to the PSW ports, with transit times recovering to...
ZIM’s strong QoQ earning growth may pause in the 21Q4 results to be announced in March. The financial market analysts expect ZIM to deliver another 10-15% QoQ growth against our estimate of potentially 15% QoQ drop in 21Q4 net profit. First, volume carried by ZIM could be lower than expected.
Maersk will launch a new TP28 transpacific service connecting Cai Mep, Yantian, Ningbo, Shanghai, Houston, Norfolk, Cai Mep using 11 ships of 4,500 teu. The new service is scheduled to start on 23 March 2022 with the 4,530 teu MAERSK WALLIS. The service will take an eastbound round-the-world route, using the Panama Canal from Asia and returning via the Suez Canal. Maersk will also concurrently revise its current TP20 service with the Cai Mep call replaced by a new call at Jakarta, while the ves
The new China-USWC service branded as SEAX by COSCO and Pacific China South Express (PCSX) by OOCL will be the largest independent transpacific service operated outside of the 3 Alliances' network. The service calls at Shanghai, Fuzhou, Xiamen, Yantian, Long Beach, Shanghai using 6 ships of 10,000 to 14,600 teu. The first sailing was made on 20 November. At Long Beach, the service will call at LBCT where it will not face the long queues that other carriers are facing at San Pedro Bay ports. CO
Swire Projects, a division of Swire Shipping, has launched a new Asia-US West Coast service that connects Ho Chi Minh City with Seattle. The service was inaugurated with the 2,381 teu CHANGSHA at Ho Chi Minh City on 25 December. Swire have been operating ad hoc FE-USWC sailings since July 2021 using the 2,750 teu HONIARA CHIEF that also joined the HCMC-Seattle run on 19 March 2022, with a third ship, the 2,381 teu MORESBY CHIEF added on 16 April 2022. The service is operated in partnership UWL
Zim to launch new standalone transpacific express service