Mexico has been a key beneficiary of the container traffic boom in the last 2 years where Mexican ports have enjoyed a significant spillover of North American cargo demand
Transit time performance were mixed in the 4 main trades last week, with improvements seen in the PSW and USEC ports but worsening waiting times in the PNW as well as the North European and Med ports.
Average capacity is 17.7% higher to the USEC compared to a year ago, with cargo diversions from the USWC continuing in anticipation of a potential disruption at the west coast gateway ports from the ILWU contract negotiations.
There is still more capacity increases expected in the next 3 weeks, with an average of over 330,00 teu expected in June, comparing to 287,000 teu in last week. As highlighted previously, carriers are not removing any capacity on the European trade despite clear signs of demand softness.
Average capacity in the last 13 weeks has inched up 0.4% higher compared to the same period last year, as the easing congestion in LA/LB have encouraged the new carriers including CUL, BAL, TS Lines, Sea-Lead, Transfar and Swire to add capacity on this route
Blue Water Shipping has launched a new fortnightly service connecting Port Klang, Lihir and Brisbane using 3 multipurpose ships of 336 teu. The service will serve Newcrest Mining's operations in Lihir in Papua New Guinea (PNG). The first sailing from Port Klang was on 5 June with the BBC OCEAN that has been time chartered from Briese Schiffahrts for the service along with 2 other sister ships BBC AUSTRALIA and BBC PACIFIC.
Maersk is launching new shuttle service connecting Port Said East and Northern Italian port, Vado Ligure. MAERSK PALERMO will start the service, calling Port Said East on June 30.
The new service, China Vietnam Thailand (CVT), will start with SKY RAINBOW calling Incheon on June 25.
Saint John Express will run weekly in rotation, Hamburg - Antwerp - Saint John - Hamburg with 4 ships.
MSC will launch a new Pertiwi service that connects Busan, Qingdao, Incheon, Dalian, Xingang, Cai Mep, Laem Chabang, Singapore, Tanjung Pelepas, Jakarta, Panjang, Singapore, Tanjung Pelepas, Busan from 8 July 2022. 5 ships of 2,500 teu are expected to be deployed on this service that will turn in 35 days, starting with the 2,526 teu CARDIFF TRADER that will join the service on 8 July at Busan under its new MSC name. MSC Pertiwi service port rotation