USWC

Services

MSC combines Swan and Sentosa to become a North Europe-Asia-USWC pendulum service

MSC will combine its existing Asia-Europe Swan service with its Asia-USWC Sentosa service into a new North Europe-Asia-USWC pendulum service called Swan Sentosa. The Swan Sentosa is scheduled to start from 3 July 2024 and will call at Qingdao, Ningbo, Shanghai, Yantian, Tanjung Pelepas, Felixstowe, Antwerp, Singapore, Laem Chabang, Cai Mep, Busan, Long Beach, Oakland, Busan, Qingdao. The new service will turn in 19 to 20 weeks and will deploy up to 20 ships of 8,000 teu to 19,000 teu starting

Services

MSC relaunch Mustang transpacific service to US West Coast

MSC will launch a new Mustang service connecting Yantian, Ningbo, Shanghai, Long Beach, Yantian from 8 July 2024. The service will turn in 6 weeks and will deploy 6 ships of 8,000-16,000 teu starting with the 16,616 teu MSC LELLA. The Mustang service was first launched by MSC in October 2021 and was withdrawn in June 2022. The service operated previously on constantly changing rotations that last covered Shanghai, Busan, Portland, Los Angeles, Shanghai using ships of 5,000-8,000 teu.

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

Wan Hai relaunch Asia America 1 (AA1)

Wan Hai has relaunched the Asia America 1 (AA1) transpacific service from 25 May 2024. The service will have irregular port calls that will provide connections from various Chinese and Taiwan ports including Nansha, Shekou, Xiamen, Ningbo, Shanghai, Qingdao and Taipei to Long Beach or Los Angeles. The service started with the 3,013 teu WAN HAI 357  with the initial voyage covering Shekou, Xiamen, Los Angeles, Shekou. The Asia loading ports will vary with 2 or 3 load ports per sailing. After the

Services

SeaLead resumes Transpacific service

SeaLead will launch a new America West Coast (AWC) service connecting Nansha, Ningbo, Shanghai, Long Beach, Nansha from June 2024. The service will operate on an irregular basis, with 2 sailings currently planned in June, with subsequent sailings still to be confirmed. The service will turn in around 6 weeks, and will deploy 2 ships initially - the 1,809 teu ADAMASTOS scheduled at Nansha on 17 June and the 5,610 teu SUEZ CANAL due at Nansha on 26 June. SeaLead started its transpacific operati

Ports

USWC regaining lead vs USEC

US West Coast ports are set to gradually recover part of the share that they have lost to their East Coast counterparts, with the latest data for May showing their strongest performance since 2021. The West Coast share rose to 54% after dropping to 47% last year, and the resolution off the ILWU contracts in both the US and Canada will pave the way for further normalization.

Markets

Fresh Lows For USWC Rates

Transpacific rates have fallen to fresh lows with rates dropping to $1,100 to $1,150/feu to the West Coast which is below the SCFI assessment of $1,207/feu. Rates to the US East Coast rates took a larger tumble with rates set to drop below $2,000/feu compared to the current SCFI rate of $2,103. The resolution of the ILWU negotiations will put further pressure on transpacific freight rates as the threat of a peak season disruption to cargo flows into the US has been removed and with no pick up c

Port Congestion

Waiting Time Outside USWC Ports Largely Under Control

US west coast ports remain open despite the work actions taken by the ILWU last week, with the build up of vessels waiting at west coast anchorages largely under control. Although the Pacific Maritime Association (PMA) said that cargo operations at the port of Seattle were shut down on 9 and 10 June, this was disputed by the ILWU. Port productivity at Seattle and Tacoma have slowed with over the past week with port stays extended by several days and vessel berthing delays continuing although t

Port Congestion

N.AM port congestion down

Overall congestion in North American ports has improved with around 900,000 teu of vessel capacity currently waiting at the main US and Canadian gateways, compared to a peak of over 1.5m teu in February. The West Coast has seen the largest improvements while the East Coast ...

© 2023 Linerlytica (ver. 1.0.16). All rights reserved.
Liner Analytics Pte. Ltd.