OOIL's fourth-quarter report and the December revenue reports from Taiwanese liners indicate that many liners could experience a quarter-over-quarter revenue drop of between 18% and 25%, potentially resulting in earnings declines of up to 50%. COSCO’s full year profit alert shows a 50% qoq drop in earnings in the 4th quarter.
The OCEAN Alliance carriers will have the largest market share and widest market coverage in 2025 after they unveiled their Day 9 product that will be launched in April this year. 3 additional Alliance services will be added to their existing service network, giving them a dominant position on the Transpacific market with 15 sailings to the West Coast and 8 sailings to the East Coast. It will also have the widest coverage to North Europe with a 7th service to be added, matching MSC’s coverage t
ONE will join CMA CGM, COSCO and OOCL to operate a new Med-US Transatlantic 4 service branded respectively as AT4/Amerigo/MENA/ATM. The service will call at Salerno, La Spezia, Genoa, Vado Ligure, Valencia, Algeciras, New York, Norfolk, Savannah, Miami, Algeciras, Salerno. The new service will replace the existing AL6 that is jointly operated by CMA CGM, COSCO, OOCL and Hapag-Lloyd in a cross-Alliance service that also includes Evergreen, Yang Ming, ONE and Zim. The revised AT4/Amerigo/MENA/AT
COSCO Shipping has launched a new Yangpu Indonesia Express (YIX) service connecting Yangpu, Nansha, Jakarta, Semarang, Singapore, Semarang, Jakarta, Yangpu from 26 December 2024. The YIX turns in 3 weeks using 3 ships of 1,000-1,800 teu starting with the 1,876 teu BRIGHT COSMOS at Yangpu on 26 December 2024.
ONE will join the OCEAN Alliance carriers - CMA CGM, COSCO/OOCL and Evergreen - to operate 3 transatlantic services connecting North Europe to US East Coast and Gulf Coast from February 2024. The 4 partners will jointly operate the following services: * North Atlantic (NATL) service connecting Southampton, Antwerp, Rotterdam, Bremerhaven, Le Havre, New York, Norfolk, Baltimore, Southampton using 6 ships of 10,600 teu (3 from COSCO/OOCL, 2 from CMA CGM and 1 from Evergreen) and brande
ONE will partner CMA CGM to launch a new North Europe-US West Coast Transatlantic service that are named respectively as the Atlantic 5 (AL5), and California Bridge (CALFB). HMM, Yang Ming, OOCL and COSCO will also participate as slot buyers on the service as the Transatlantic 1 (TA1), Atlantic 5 (AL5), Atlantic West Coast (ATW) and Atlantic West Coast (ELSA). The AL5/CALFB/TA1/ATW/ELSA will call at Southampton, Le Havre, Rotterdam, Hamburg, Antwerp, Miami, Cartagena (Col), Panama Canal, Balboa
COSCO remains the largest carrier on the Transpacific market, with a 16.5% share of total container volumes shipped on the Far East-US route for the 2024 contract season from May to November 2024. COSCO’s larger capacity share on the US West Coast allowed it to dominate the market compared to their European rivals (CMA CGM and Maersk) who deploys a larger proportion of their capacity on the US East Coast.
Market Pulse Week 48: Zim reported net profits of $1.13 Bn and EBIT of $1.24 Bn for the 3rd quarter of 2024, concluding the reporting season for the publicly listed carriers. Zim’s EBIT margin of 44.7% puts it in 4th place behind EMC, HMM and Yang Ming but Zim delivered the highest annualized RoE of 115% in Q3 2024 - twice that of the second-best performer EMC and more than 4 times more than the industry average ROE of 25%. Market Pulse Week 47: Asian carriers have outperformed their European p
COSCO has launched a new Oman-UAE X-Press (OUX) service connecting Abu Dhabi, Sohar, Ajman, Abu Dhabi from 18 October 2024. The weekly service turns in 7 days and deploys the 1,049 teu OKEE AURELIA.
CMA CGM/CNC and COSCO have launched a new Thailand Indonesia Service (TIX2/MTS) connecting Bangkok, Laem Chabang, Singapore, Jakarta, Pasir Gudang, Singapore, Bangkok from 14 October 2024. The TIX2/MTS will turn in 14 days using the 1,032 teu PADIAN 3 from CMA CGM and 1,200 teu DANUM 175 from COSCO.