There was further improvements in service levels to the PSW ports, with transit times recovering to...
Cosco's profit margin dropped in P&L but rise in the cashflow during 21Q4. Much of the expenses were booked into payables, leading to extraordinary fall in working capital relative to its peers.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202214] MARKET BRIEF - 2022 WEEK 14 Freight rates from Asia have continued to weaken led by further declines to Europe while US rates are comparatively firm as the market appear to have priced in ILWU disruptions with spot rates in some case falling below new contract rates on expectations of further supply chain disruptions later this summer. Extended lockdowns in various China cities have led to significant export cargo s
MSC will launch a unique Le Havre-Boston transatlantic shuttle service to take advantage of booming transatlantic demand. The new service will start on 4 April with the 2,564 teu MSC SAMIRA III. The service will turn in 5 weeks using 5 ships of 2.500-3,400 teu. 3 of these ships are redeployed from the Baltic feeder service where volumes have been affected by the drop in Russian volumes. Freight rates have surged on the westbound transatlantic route since the middle of 2022 and remained sustain
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202213] MARKET BRIEF - 2022 WEEK 13 Weak market demand continued to push freight rates downwards, with further softness expected in the next 2 weeks. The SCFI recorded its 12th consecutive weekly decline and is 15% lower than the peak in January. Space is open out of all Asian origins, with vessel utilisation not strong enough to support any rate increase in April. Port congestion eased from the peak recorded last week, wit
China United Lines (CUL) has launched a new Asia-East Mediterranean Sea Service (AEM) in March 2022. The service kicked off on 10 March 2022 with the 4,395 teu REN JIAN 16 calling at Qingdao, Shanghai, Ningbo, Shekou, Ashdod, Ambarli, Piraeus, Qingdao with an ad-hoc westbound call at Cai Mep also added. The service is currently running on a monthly basis, with the second sailing scheduled on 8 April 2022 with the 2,492 teu GROTON.
Zim and its affiliate Gold Star Line will launch a new Bangladesh Thailand Service (BTS) from 13 April 2022 to connect Laem Chabang, Port Klang, Chennai, Colombo, Laem Chabang. The service will initially run on a fortnightly basis with 2 ships of 1,050-1,150 teu, starting with the 1,054 teu SINAR BANGKA on 13 April followed by the 1,155 teu SPIRIT OF DUBAI in May.
Download Full Report [https://www.linerlytica.com/uploads/Linerlytica-MP12.pdf?utm_source=W202212] MARKET BRIEF - 2022 WEEK 12 Freight rates registered their 11th consecutive weekly fall to reach a 7 month low, with weakness across all tradelanes out of China, with the sharpest falls on the Europe, South America, Australia and Middle East routes. The newly announced lockdowns in Shanghai will further dampen export demand out of China. Charter rates have finally broken their 4 month rising traje
OOCL’s second half net profit came out after market about $1bn (i.e. 20%) below our estimate on much higher than expected operating expenses. Having been a more costs efficient operator for most of the past couple decades, OOCL reported much higher unit costs than the industry average for 21H2.
Interasia Lines, Pacific International Lines and Regional Container Lines will jointly launch a new China India service in April. The service is branded by the respective partners as the China-Saigon-India/China Vietnam India/RCL Far East Madras 2 (CSI/CVI/RFM2). The service will call at Ningbo, Shanghai, Ho Chi Minh City, Singapore, Chennai, Visakhapatnam, Port Klang, Ho Chi Minh City, Ningbo using 4 ships of 1,7000-2,400 teu of which PIL will contribute 2 ships while IAL and RCL will provide