Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202222] Spot freight rates continued to drop on the Asia-Europe and Transpacific routes despite the reopening in Shanghai with volumes remaining soft. The composite SCFI increase was driven by rebounds on the Latin America and Middle East routes but the increase will only be sustainable if volumes strengthen from their current levels. Expectations remain high for a rebound in volumes for the summer peak season, with new orde
Bengal Tiger Line (BTL) has teamed up with Meratus Line to launch a new China Indonesia Service (CIS) calling at Jakarta, Surabaya, Ningbo, Nansha with the 1,162 teu MTT SAMALAJU that made its maiden call for BTL at Jakarta on 3 June 2022. The Ningbo call will be replaced by Shanghai once the lockdown in Shanghai is fully lifted. The service will turn in 3 weeks, with 2 more ships from Meratus being deployed, the 1,301 teu MERATUS SORONG and the 1,129 teu MERATUS MEDAN 1. Meratus had first lau
CMA CGM, COSCO and OOCL will launch a new Far East-West Coast South America service from the end of June 2022 calling at Hong Kong, Shekou, Ningbo, Shanghai, Manzanillo, Puerto Quetzal, San Antonio, Hong Kong. The service will turn in 10 weeks, using 5 ships of 3,300 teu to 5,090 teu on a fortnightly frequency with 3 ships from CMA CGM and 2 ships from COSCO. The first sailing is scheduled on 28 June 2022 with the 3,314 teu COLOMBO from COSCO. The service is branded as the Asia Central South A
What may have gone unnoticed by the market is the outperformance of port throughput in China relative to the other Asian cargo origins. Shanghai lockdown has many expected a drop in volume out of China ...
CAM CGM is launching Turkey Med Express 1.2, a new weekly service connecting Turkey with West Med and North Africa.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202221] Freight rates remain subdued, although sentiment is buoyed by the anticipated reopening at Shanghai. Capacity utilisation levels for vessels departing from Asia has weathered the Shanghai lockdowns in the last 2 months relatively well, with no notable dips based on Linerlytica’s ship utilisation data. Market expectations of a large rebound in cargo volumes are not justified, as there is no evidence of a large cargo
PIL will launch a new Thailand China Vietnam (TCV) service calling at Laem Chabang, Qinzhou, Haiphong, Ho Chi Minh City, Laem Chabang. The service will start from 3 June from Laem Chabang with the 777 teu KOTA RATNA. The service will turn in 2 weeks, with sailings provided every fortnight. A second ship is expected to be added later with the frequency to be upgraded to weekly.
Jin Jiang Shipping (JJS) and SITC will launch a new service connecting Shanghai, Nansha, Bangkok, Laem Chabang, Ho Chi Minh City, Shanghai using 3 ships of 1,600 teu. The service will start on 1 Jun from Shanghai with the 1,608 teu HE JIN from Jin Jiang Shipping and is branded as the China Thailand Express 2 (CTX2) by JJS and Vietnam Thailand Express 5 (VTX5) by SITC.
Global port congestion remains elevated, with no material improvements seen in key hotspots over the past week. North American port congestion is inching upwards again after a brief respite, with both West Coast and East Coast ports recording higher congestion levels last week.
CMA CGM will relaunch its Indian Ocean Feeder 3 (IO Feeder 3) service that connects Pointe des Galets, Port Louis, Tamatave, Pointe des Galets, Longoni, Pointe des Galets on a fortnightly basis, linking the 3 Indian Ocean nations of Mauritius and Madagascar with the French overseas department of Reunion. The service started on 22 May 2022 with the 673 teu general cargo vessel APALOS that was recently chartered by CMA CGM. This ship was previously trading in the tramp market. CMA CGM's Indian