MSC will launch a new Bengal Service connecting South China and Bangladesh. The service will start on 27 April with the 1,732 teu MSC KYMEA from Hong Kong. The service calls at Hong Kong, Yantian, Shekou, Singapore, Tanjung Pelepas, Chittagong, Singapore, Tanjung Pelepas, Hong Kong and will deploy 4 ships of 1,600-2,000 teu. MSC Bengal Service port rotation
CMA CGM will reinstate its Indian Ocean Feeder 3 (IO Feeder 3) service from June 2022. The service willl call at Point des Galets, Port Louis, Tamatave, Pointe des Galets, Longoni, Pointe des Galets. Indian Ocean Feeder 3 (IO Feeder 3) port rotation
The shareholders agreement between CSAV, with Kühne Maritime and HGV Hamburger Gesellschaft fur Vermogens-und Beteiligungsmanagement (City of Hamburg has been extended from the end of 2024 to the end of December 2026. The agreement was first signed on 17 November 2014 for a term of 10 years, where the 3 parties agreed to retain their controlling shares in Hapag-Lloyd for 10 years (except for HGV who may release 50% of its shares after 5 years) and to pool their voting rights on all decisions re
Hapag-Lloyd will launch a new Turkey East Coast Express (TEX) connecting Mersin, Izmit, Aliaga, Tangier, New York, Norfolk, Savannah, Tangier, Mersin. The service will start from mid May 2022 and will deploy 6 ships. Rotation of the Hapag-Lloyd's TEX service
Register Free Trial [https://www.linerlytica.com/register/] Need the latest situation of port congestion? You now can have full control of the most-up-to-date congestion trend and information in last 18 months for over 150 ports globally. "Weekly Market Pulse" includes News and Newsletter Market Pulse Library at US$1,500 per year. Global overview"Linerlytica Website" - the Full Suite Product includes "Weekly Market Pulse" plus database access with search, filter and sorting functions coverin
Chinese container ports recovered by a stronger expected rate in March, with a 0.1% year on year gain and a 11.0% rebound from the February lows that were affected by the Chinese New Year holidays.
Global port congestion has eased slightly over the past week, due to reduced queues at China with carriers omitting calls at Shanghai as export cargo volumes have been substantially affected by the extended lockdowns. Waiting times at Shanghai and Ningbo remain at less than 2 days on average...
OOIL's top line come out in line with what we saw in the Taiwanese liners. The big YoY growth should be expected but the sequential growth in revenue should surprise positively.
The 3 main Taiwanese carriers have reported an 8% QoQ growth in revenue for the 1st quarter of 2022. It is their 7th consecutive quarterly growth, built on higher freight rates and stronger USD.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202215] MARKET BRIEF - 2022 WEEK 15 The build up of ships waiting at Shanghai and Ningbo remain high but global capacity tied up by port congestion has declined last week as the pace of Chinese exports have slowed down due to the extended lockdowns at several key cities in China. Freight rates continued to trend downwards, with no rebound expected until Chinese exports return to their former pace. US bound rates remain relat