MSC will upgrade its Russia Far East network from January 2022 by splitting its current Golden Horn service into 2 separate services, as the severe congestion at the Russia Far East ports of Vladivostok and Vostochny has affected its current schedules. The Golden Horn service was first introduced in August 2020, and currently calls at Busan, Qingdao, Dalian, Xingang, Incheon, Shanghai, Ningbo, Busan, Vladivostok, Vostochny, Busan using up to 5 ships of 1,100 teu to 2,800 teu. The revised Gold
Swire Projects, a division of Swire Shipping, has launched a new Asia-US West Coast service that connects Ho Chi Minh City with Seattle. The service was inaugurated with the 2,381 teu CHANGSHA at Ho Chi Minh City on 25 December. Swire have been operating ad hoc FE-USWC sailings since July 2021 using the 2,750 teu HONIARA CHIEF that also joined the HCMC-Seattle run on 19 March 2022, with a third ship, the 2,381 teu MORESBY CHIEF added on 16 April 2022. The service is operated in partnership UWL
X-Press Feeders have launched a new China Jebel Ali X-Press (CJX) service that will connect Shanghai, Shekou, Port Klang, Jebel Ali, Shanghai. The service will turn in 5 weeks, but will initially deploy 3 ships with 2 blank sailings in each cycle. The first sailing was made on 26 December 2021 from Shanghai by the 2,741 teu X-PRESS KARAKORAM and will be followed by the 2,741 teu X-PRESS KAILASH on 2 January 2022 and the 2,742 teu AS COLUMBIA on 16 January. China Jebel Ali X-Press (CJX) port ro
X-Press Feeders have launched a new Nigeria Guinea Gulf X-Press (NGX) service that will connect Lagos in Nigeria with with the West African hub port of Lome in Togo. The service kicked off on 23 December with the 675 teu GRANADA at Lagos. It will be replaced by the 618 teu LIMASSOL on 3 January 2022. It marks the first regular service offered by X-Press Feeders in West Africa. Nigeria Guinea Gulf X-Press (NGX) port rotation
Wan Hai and Interasia Lines (IAL) have launched a new South China-Vietnam-Malaysia (CVM) service. The new service kicked off on 23 December 2021 at Haiphong with the 1,134 teu ASIATIC BAY. The service will call Haiphong, Zhanjiang, Nansha, Port Klang, Haiphong on a 14 day rotation. It will only deploy a single ship initially and call on a fortnightly frequency, with a second ship expected to be added at a later date. Port rotation of the new CVM service operated by Wan Hai and IAL
China United Lines (CUL) has launched a new China-Vietnam link branded as the China-Vietnam Express III (CV5) using the chartered 1,113 teu OCEAN GRACE. The service connects Nansha, Shekou and Ho Chi Minh City, with the first sailing from Nansha on 20 December 2021. The service turns in around 10 days.
Ningbo Ocean Shipping (NBOSCO) and China United Lines (CUL) will launch a new China Vietnam Thailand (CVT) service from 30 December 2021. The service will connect Jiaxing, Ningbo, Xiamen, Ho Chi Minh City, Bangkok, Laem Chabang, Ho Chi Minh City, Jiaxing using 3 ships of 1,800 teu. NBOSCO will provide the 1,868 teu XIN MING ZHOU 98 and XIN MING ZHOU 102 while CUL will deploy its newly chartered 1,762 teu INDURO on this new service. Port rotation of the new CVT service
MSC has acquired a 67% stake in Log-In Logistica on 21 Jan 2022
BAL Container Line has launched a new South China-Vietnam Express (SVX) service that connects Nansha, Da Chan Bay and Ho Chi Minh City. The 706 teu BAL STAR initiated the service at Nansha on 18 December 2021. The ship was previously chartered by BAL to CK Line and was operating on the South Korea, China, Vietnam route until 13 December 2021. The BAL STAR calling at Da Chan Bay on 20 December 2021BAL Container Line is the liner operating arm of the Shandong Lecang Group. The company was found
Maersk has reached an agreement on 22 December 2021 to acquire LF Logistics from current owners Li & Fung (78.3%) and Temasek Holdings (21.7%) for a total enterprise value of $3.6 Bn, with an additional earn-out of up to $160M from future earnings. The transaction will involve LF Logistics' In-Country Logistics (ICL) business which has a projected revenue of $1Bn with an adjusted EBITDA of $250M in 2021, implying a 14.4x EBITDA multiple on the purchase price. The ICL business operates a network