COSCO's intra-European feeder arm, Diamond Line, has revised its Turkey Black Sea Express 1 (TBX1) serrvice with a new call at Batumi in Georgia while the previous call at Poti is dropped. The revised TBX1 connects Piraeus, Ambarli, Batumi, Constantza, Varna, Piraeus, starting from 19 October 2022 with the 1,296 teu AS FATIMA that will be operated together with the 1,267 teu CONTSHIP JET on a 14 day rotation. The service made its maiden call at Batumi International Container Terminal (BICT) op
Walmart's 3Q 2022 sales performance showed declining general merchandise sales while inventory levels remain high, providing a cautious near term outlook for container volume. Sales increased 9% driven primarily by grocery items and partly by inflation but general merchandises were down a low single digit percentage, according to Walmart's announcement on 16 Nov 2022. Walmart's inventory level was up 8% QoQ and 13% YoY. The elevated inventory to sales ratio since 21Q3 suggests that de-stockin
MSC is not slowing down its aggressive capacity expansion program despite the worsening market outlook. It has taken delivery of 7 more second-hand acquisitions so far this month, bringing the total number of ships acquired in the resale market to 306 units since 2020 (including units that were it had previously chartered). MSC was also linked to a package deal concluded with Costamare for 7 ships of 8,500-11,000 teu for forward delivery in 2025 for 4-5 year periods. Costamare also confirmed fo
MSC has introduced a new Black Sea String B service that connects Alexandria, Ashdod, Novorossiysk, Alexandria. The service started on 9 November 2022 with the 1,512 teu MSC NITA.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202245] Freight rates slumped further with the SCFI falling by 8.6% last week as pressure mounts on the Asia-Europe and US East Coast routes where rates are still above pre-COVID levels. On the FE-US West Coast, rates have already dropped below their pre-pandemic levels with current spot rates reminiscent of the period leading to the bankruptcy of Hanjin Shipping in August 2016. Effective capacity has risen to its highest l
Sealand Asia, the intra-Asia arm of Maersk, has revamped its IA-9 service with a new streamlined port rotation calling at Qingdao, Yokohama, Nagoya, Kobe, Shanghai, Xiamen, Ho Chi Minh City, Singapore, Tanjung Pelepas, Port Klang (N), Penang, Port Klang (W), Tanjung Pelepas, Ho Chi Minh City, Hong Kong, Qingdao. Calls at Hibiki, Busan, Hakata, Moji, Xiamen and Jakarta are dropped, while a new call at Penang is added. The revised rotation will turn in 5 weeks instead of 6 weeks under the previou
Wanhai reported after Friday (11 Nov 2022) closed. Net profit dropped 42% YoY and 28% QoQ. Not much surprises since the top line has been reported few weeks ago and the QoQ quantum drop in pre tax earnings eg NTD12bn is similar to the top line QoQ drop. Liners with less contracted business ratio is still see greater earnings drop near term.
Ellerman has launched a new dedicated service connecting Iberia, UK and Netherlands called the Iberia North Europe Express (iNEX) service that connects Cadiz, Setubal, Aveiro, Teesport, Tilbury, Rotterdam, Cadiz. The iNEX service started on 5 November 2022 at Setubal with the 803 teu KRISTIN SCHEPERS and will operate on a fortnightly frequency. It is Ellerman's second dedicated service since the Ellerman brand was relaunched in December 2021, complementing the China-UK GB Express service that
Evergreen will extend its North East Asia-South East Asia Service A (NSA) to call at Philippines ports from the end of November 2022. The service currently calls at Osaka, Kobe, Moji, Hakata, Ulsan, Taipei, Taichung, Kaohsiung, Nansha, Hong Kong, Shekou, Osaka using 2 ships - the 1,809 teu GREEN CELEBRITY and the 1,984 teu EVER CONCISE. From 30 November 2022, the revised NSA rotation will call at Osaka, Kobe, Moji, Hakata, Ulsan, Taipei, Taichung, Kaohsiung, Shantou, Hong Kong, Shekou, Kaohsiu
Kalypso, part of the Italian Rif Line Group, will launch a new Italy Line service connecting Italy and Turky from 29 November 2022. The new service is expected to start from 25 Nov 2022 and will cover Salerno, Ravenna, Venice, Bari, Mersin, Salerno on fortnightly basis. Planed sailing schedule of the new Italy Line serviceUpdate : The launch was delayed to 16 December 2022 and will deploy the 1,712 teu RIJNBORG.