Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202304] The Lunar New Year provides a timely break from the turbulence in the container markets, with more clarity to emerge after the holidays in the Far East on the direction that prices are heading. Freight rates slipped marginally in the last 2 weeks with capacity utilisation dropping in the week just before the holidays. Although carriers were able to build roll pools on the Asia-Europe route where utilisation levels we
ONE will take slots on the Far East-USWC leg of CMA CGM's Columbus JAX service connecting Port Klang, Laem Chabang, Cai Mep, Yantian, Los Angeles, Oakland, Yantian, Cai Mep, Singapore, Port Klang from 15 February 2023. ONE will brand the service as the China Pacific Southwest 6 (CP6), which is operated by CMA CGM with 19 ships of 11,000-15,000 teu on an extended pendulum that connects the USEC-FE-USWC as part of the Ocean Alliance's PSW3|USEC3/Columbus JAX/SEA2|AWE5/SEAP-PSW|SEAP-USEC/PE1 servi
CNC (CMA CGM) has added a new call at Mongla on the Bengal Bay Express (BBX) service. The revised rotation will call at Singapore, Port Klang, Chittagong, Mongla, Singapore using the 2,257 teu UBENA from 5 January 2023 with the first call at Mongla on 15 January 2023.
The four carrier partnership of ANL (CMA CGM), Hapag-Lloyd, Maersk and ONE on the SE Asia-Australia route will revise their 3 existing services from March 2023. The first service, branded respectively as the ANL 'AAX-S' (changed from AAX1), Hapag-Lloyd 'SEA', Maersk 'Greater Australia Connect' (GAC) (changed from Cobra) and ONE 'AU1', will call at Port Klang, Tanjung Pelepas, Singapore, Melbourne, Sydney, Adelaide, Fremantle, Port Kelang from 9 March 2023 with the 8,400 teu MAERSK STRALSUND .
Matson has just reported preliminary earnings before US market open on 19 Jan, as the first container liner to report 4Q 2022 bottom line results. Preliminary net earnings in between $69.9mn and $74.8mn, down 72% QoQ and 81% YoY. In EPS, it would be about $1.88 to $2.01, much lower than the capital market consensus of $3.42 (source: Refinitive IBES). To be fair, this set of results are better than our expectation as we expect Matson could be close to loss making since, in our estimates, probably
The intra-Asia tradelanes are coming under the most pressure at the moment with rates on several key corridors already slipping to pre-2020 levels as capacity that were previously redeployed to the Transpacific are now returning to Asia. Total containership capacity employed on the Intra-Far East routes is rising again after a 2 year decline, as ships that were redeployed to the more lucrative long-haul trades now returning in large numbers. Intra-FE capacity peaked in early 2020 at 3m teu bu
Hapag-Lloyd will take slots from CMA CGM on the Asia-North Europe FAL3 service (operated as the OCEAN Alliance NEU5) starting from 14 February 2023. The service connects Qingdao, Ningbo, Shanghai, Yantian, Singapore, Tangier, Southampton, Rotterdam, Antwerp, Le Havre, Tangier, Jeddah, Qingdao with Hapag-Lloyd not participating on the calls at Tangier. Hapag-Lloyd will brand the services as the FE9, which will add to the existing Hapag-Lloyd Asia-Europe services operated through THE Alliance o
The active fleet has started to creep upwards and is now at their highest levels since 2020, reaching 17.7m teu on lower idling and drydocking positions as well as easing congestion in North America and Europe. The pick up in vessel scrapping has hardly made a dent on the overall supply of ships as it is limited to smaller ships. The delivery schedule for new ships is picking up as well, with over 2.5m teu of new capacity scheduled in 2023. The idle containership fleet continued to fall, with
Hapag-Lloyd will withdraw its China-Germany Express (CGX) service with the last sailing scheduled to depart from Shanghai on 1 February 2023 with the 4,043 teu LIMARI. The service was first launched on 9 April 2022 as a 2 port shuttle service connecting Dachan Bay and Wilhemshaven to turn in 56 days, offering a direct weekly link from China to Germany with a one way transit time of 27 days. The original plan to call at Hamburg was replaced by the call at Wilhemshaven before the launch due to
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202303] Capacity pressure is building up with the active containership fleet reaching its highest levels since 2020 on easing port congestion, reduced vessel idling and drydocking, coupled with a fresh influx of new ship deliveries. Total deliveries are expected to reach 2.5m teu this year, with no material delays expected and close to no order cancellations. Freight rates continued to drop, with the pre Chinese New Year ru