ONE reported calendar 4Q 2024 (fiscal 3Q) revenue fell by 17%, while EBIT decreased by 44% quarter-over-quarter. The results were in line with COSCO’s preliminary profit guidance issued earlier on 10 January, with COSCO expecting larger QoQ falls than ONE. Hapag-Lloyd also reported its preliminary full-year and 4Q 2024 results that came in at the upper end of the earnings guidance provided in its last quarterly update. Hapag-Lloyd’s higher contract exposure in 2024 contributed to more stable ea
Maersk and Hapag-Lloyd will roll out 4 new intra-Asia feeder services from February 2025 in conjunction with the launch of the new Gemini Cooperation network, with the following rotation details: * Taiwan Express (TWX) calling at Taichung, Kaohsiung, Tanjung Pelepas, Singapore, Taichung. The service will turn in 14 days using 2 ships of 2,400-2,700 teu starting with the 2,702 teu GABRIELA A at Taichung on 6 February 2025 followed by the 2,433 teu CUL QINGDAO. * China Philippines Feeder (CPF)
Hapag-Lloyd will launch a new Vietnam Cambodia (VCS) service connecting Sihanoukville, Cai Mep, Haiphong, Yantian, Shekou, Sihanoukville from 18 January 2025. The service will turn in 14 days using 2 newbuildings of 1,930 teu that Hapag-Lloyd has taken on 2 year charters from Reederei Nord starting with the NORDATLANTIC at Sihanoukville on 18 January 2025 followed by the NORDBALTIC on 25 January 2025.
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
ONE is scheduled to report its calendar Q3 results on October 31, 2024, marking the start of the reporting period for major liners. ONE has projected its Q3 2024 net profit to increase by 88% quarter-on-quarter, while COSCO recently indicated that its Q3 2024 EBIT is expected to rise by 154% quarter-on-quarter. Other liners have not provided guidance for Q3, but those that have offered FY2024 projections suggest their second-half earnings could vary from a decline quarter-on-quarter to an incre
Hapag-Lloyd has merged its South America – Africa Triangle Service (SAT) with the West Europe-West Africa (WWA) into an extended butterfly pattern covering North Europe-Africa-South America-Africa-North Europe starting from June 2024. The integrated SAT/WWA service will call at Paranagua, Santos, Navegantes, Luanda, Durban, Port Elizabeth, Luanda, Tangier Med, Rotterdam, Antwerp, Le Havre, Lisbon, Tangier Med, Tema, Pointe Noire, Luanda, Paranagua turning in 7 to 8 weeks deploying up to 8 ships
CMA CGM and Hapag-Lloyd will terminate their jointly operated India-US East Coast Indamex and Indamex 2 services from August 2024 and replace them with separate services that will be operated independently by the two carriers. Hapag-Lloyd has announced a new TPI (Indamex) service that will call at Port Qasim, Nhava Sheva, Mundra, New York, Norfolk, Savannah, Charleston, Port Qasim from 8 August 2024 with the 9,274 teu TORRENTE. The service will turn in 11 weeks and will be operated independentl
Hapag-Lloyd will relaunch its standalone China-Germany Express (CGX) peak season service from 16 June 2024. The revised CGX will take the longer Cape route calling at Yantian, Singapore, Tema, Wilhelmshaven, Antwerp, Yantian with the addition of a new call at Tema in Ghana that will offer relay connections to other West African ports. The new CGX will turn in 12 weeks using up to 12 ships of 2,800 to 9,300 teu, starting at Yantian on 16 June with the 3,398 teu EXPRESS ARGENTINA. Hapag-Lloyd f
EBIT turned around in 1Q 2024 from 4Q 2023 losses on sequentially higher freight rates. Management lifted lower end of the EBIT guidance from negative $1bn to breakeven while keeping the upper end of the guidance unchanged at $1bn.
THE Alliance carriers (Hapag-Lloyd, HMM, ONE and Yang Ming) will revise the rotation of Asia-Pacific Northwest transpacific PN2 service following the reinstatement of the PN3 service on 19 April 2024. The new rotations of the affected services are as follows:- PN2 (revised from 10 April 2024) : Singapore, Laem Chabang, Cai Mep, Yantian, Tacoma, Vancouver, Tokyo, Kobe, Singapore. The service will turn in 9 weeks using 9 ships of 10,000 to 12,700 teu on a shortened rotation with eastbound calls