Neptune Pacific has launched Australia New Zealand Pacific (ANZPAC) service, a new Pacific service, that calls Sydney, Melbourne, Auckland, Suva, Lautoka, Apia, Tauranga, Sydney on fortnightly basis with 3 ships. 1730 teu CAPITAINE TASMAN has phased in on 30 April at Sydney while 1730 teu CAPITAINE DAMPIER and 1713 teu CAPITAINE TUPAIA will phase in at Sydney on 14 May and 28 May respectively. CMA CGM will take slot on this service.
Arkas and Evergreen are launching a new North Africa Express (NAX) that will call Piraeus, Algiers, Valencia, Casablanca, Piraeus on 21-day round trip. 1,164 teu UNI-ASSURE and 1,445 teu CORELLI will phase in at Piraeus on 14 May and 19 May respectively. This new service looks like an upgrade of the present Greece-Algeria service (GAS) operated by Arkas with 1,136 teu KRETAS that calls Piraeus, Algiers, Piraeus. KRETAS will be re-deployed to Arkas's Spain-Portugal-Tangier (SPT) at Piraeus on 1
Maersk reported result before market today (4 May) where earnings fell hard as expected but $2.6bn at bottom line is still better than any quarters before 2021. Full year guidance stay unchanged, suggesting the EBIT for the next 3 quarters will range between negative $561mn or $2,4bn, which is a very wide range comparing to Maersk's track record before 2021. $2.4bn for 3 quarters would still be very good earnings while negative $561mn would be the worst ever. Maersk Line's unit revenue (total
FESCO has revived its former FESCO Baltorient Line (FBOL) brand for a new direct service connecting China and St Petersburg that operates on a monthly basis. The FBOL will connect Rizhao, Lianyungang, Ningbo, Shanghai, Yantian, Mundra, St Petersburg, Rizhao on a 80-88 day rotation using 3 ships of 2,400-3,000 teu with inducement calls on the backhaul leg from St Petersburg that are currently scheduled to call at Xingang (on 1 June 2023), Durban (on 2 July 2023) and Mundra (on 18 July 2023). T
FESCO has upgraded its FESCO China Express (FCXP) service with the addition of new port calls at Nansha and Dalian. The FCXP is split into 3 loops on a weekly frequency with the following revised rotations starting from May 2023 using a total of 6 ships with a combined capacity of 13,100 teu. * FCXP-1 calling at Vladivostok, Yantian, Nansha, Xiamen, Vladivostok on a 14 days rotation using the 1,732 teu HISTORY ELIZABETH and the 1,746 teu VLADIVOSTOK that will join the service on 19 May
MSC will launch a new Far East-India West Coast service branded as Shikra in May 2023. The new service will connect Qingdao, Shanghai, Ningbo, Kaohsiung, Shekou, Singapore, Colombo, Nhava Sheva, Mundra, Colombo, Port Klang, Singapore, Tanjung Pelepas, Cai Mep, Qingdao starting from 23 May 2023 with the 15,934 teu MSC MARA at Qingdao. The Shikra service will replace the Far East-India leg of the current Sentosa service that was only introduced in February 2023. The Sentosa service will revert
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202318] Market sentiment turned negative ahead of the Labour Day holidays, with the SCFI dropping by 3.6% in the last week of April, reversing part of its mid-April gains. Charter rates and second hand containership prices continued to strengthen despite the softening freight rates heading into the summer season with significant uancertainty over the direction that the market will take in the next 3 months amidst growing ind
COSCO provided full 1Q results after market on Friday (28 April) in addition to the EBIT, Net Profit figures already provided in an alert on 4 April. In the new disclosure, operating expenses in A-share accounting fell by 41% YoY while the volume fell by only 12% YoY. In our estimate, COSCO slot costs (annualised opex/capacity) fell 47% YoY in 1Q23. We will compare COSCO’s OPEX with the industry peers when more peers’ figures are available.
ONE reported its 4Q earnings for fiscal year 2022, which is 1Q23 on calendar year, during lunch break last Friday (28 Apr) with net profit down 56% QoQ and 76% YoY. Though, such quarterly results were still better than any quarter before 2021. The average unit revenue earned by ONE fell just 38% YoY whereas CCFI dropped 68% YoY as ONE likely benefited from higher contract mix and more diversified route mix than the CCFI, which is based on all China origin cargoes. ONE management has not prov
China's April PMI New Export Order came out as 47.6 on 30 April, suggesting Chinese export order experienced sequential contraction in April comparing to that of March. Reading through to the volume, the China PMI export orders suggests container volume may experience sequential softening in May or even June relative to the previous months. Though, it is important to read this data bearing in mind that China could be losing export market share to the ASEAN exporters (read here [https://www.liner