CMA CGM and ONE will update the port rotation on their NC Levant/North Europe-East Mediterranean Express (NEX) service that connects North Europe with the East Med/Levant. The new rotation will call at Felixstowe, Hamburg, Rotterdam, Antwerp, Le Havre, Malta, Alexandria, Damietta, Beirut, Iskenderun, Mersin, Malta, Tanger, Felixstowe with the changes to take effect from 26 February 2023. The changes include the following: * Existing Southampton call is replaced by Felixstowe * New northbou
OVP Shipping/海液通船務 has launched a Qingdao-Novorossiyk service using the 1,581 teu HONG PROSPERITY. The ship departed from Qingdao on 18 November 2022 and called at Ningbo, Taicang, Dachan Bay, Jebel Ali, Ambarli before arriving at Novorossiyk on 3 January 2023. OVP was established on 28 Dec 2020 in Hong Kong, with OVP Shipping (Hainan) as its general agent in China with the main business of LNG tank shipping transportation covering China to North Asia and South Asia corridors. OVP launched a N
Zim will introduce a new ZIM Colibri Xpress (ZCX) service connecting San Antonio, Callao, Guayaquil, Cartagena, Kingston, Philadelphia, Miami, Kingston, Buenaventura, Guayaqui, Callao, San Antonio. The ZIM Colibri Xpress (ZCX) is named after the South American Colibri hummingbird and is scheduled to start in March 2023 deploying 6 ships of 1,600-1,900 teu that will be chartered by Zim. Apart from offering direct connecting between South America West Coast and US East Coast service. the ZCX wi
PIL will team up with IRIS Logistics, the shipping arm of Philippine's Royal Cargo group to launch a new Philippines-Singapore-Thailand from 15 February 2023. The new Thailand Philippines Straits (TPS) service will call at Manila, Singapore, Bangkok, Laem Chabang and will turn in 2 weeks using the 1,118 teu IRIS PAOAY from IRIS Logistics and the 1,080 teu KOTA HAPAS from PIL. Port rotation of the new Thailand Philuppines Straits (TPS) serviceIt will replace IRIS Logistics' current Manila-Bang
Zim will add a new calls at Jakarta, Laem Chabang and Haiphong on its ZIM Xpress Baltimore (ZXB) service connecting Southeast Asia and South China to the US East Coast. It will also add a new call at Kingston to provide additional relay options to ZIM’s Latin America regional network and an additional direct call at Norfolk. The revised ZXB will call at Jakarta, Laem Chabang, Cai Mep, Haiphong, Yantian, Kaohsiung, Panama Canal, Kingston, Baltimore, Norfolk, New York, Boston, Suez Canal, Jakart
Hapag Lloyd reported preliminary results today (31 Jan) before European market open. EBIT at $3.3bn for 4Q, down 37% QoQ and 21% YoY, tracking above our expectation on better than expected freight rates but broadly in line with guidance. Average freight rates fell just 15% QoQ in 4Q, comparing to CCFI's 45% QoQ fall.
ONE reported during lunch break today (31 Jan). Net profit dropped 50% QoQ and 2022 financial year (Apr 2022-Mar 2023) earning guidance was cut by 4% or Q4 (Jan-Mar 2023) earing guidance was cut by 37%m. The 50% QoQ drop in net earnings is a touch better than the 60% QoQ drop that we previously estimated based on the Taiwanese liner's top line results here [https://www.linerlytica.com/app/post/twn-liners-top-line-reports-hinted-potentially-60-qoq-fall-in-net-profit/] . ONE's average freight ra
ONE has introduced a new Callao-Arica link named as the Altiplano Service (ATS) starting from 6 February 2023. The service will ride on slots on X-Press Feeders' Chile Peru X-Press (CPX) that calls at Callao, Arica, Iquique, Callao that is operated on a weekly frequency with the 1,638 teu BALTIC PETREL.
Asean Seas Line (ASL) and Emirates Shipping Line (ESL) will team up on the new North China Philippines Express (NPX2/NPX) service calling at Qingdao, Shanghai, Ningbo, Manila (S), Qingdao. The service will commence on 6 February 2023 at Qingdao and will turn in 2 weeks using the 848 teu PACIFIC GRACE and 1,118 teu VIMC DIAMOND. Both ships are operated by ASL with ESL taking slots under a slot exchange arrangement involving ESL's South China Philippines (SCP) service. Port rotation of the new N
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202305] The 2M breakup will trigger another round of market instability as Maersk and MSC jostle for pole position on the East-West routes where they currently cooperate. While MSC will have sufficient new ship capacity by 2025 to fully replace Maersk’s current vessel contribution to the 2M network, an independent Maersk network will fall behind MSC, OCEAN Alliance and THE Alliance offerings. Freight rates are still droppin