HMM, ONE and Yang Ming will launch a new India subcontinent-North Europe service connecting Karachi, Hazira, Mundra, Nhava Sheva, Colombo, London Gateway, Rotterdam, Hamburg, Antwerp, Karachi from 5 February 2025. The service will be branded as the India North Europe Express (INX) by HMM, Indian Ocean Express (IOX) by ONE and India Ocean Express Service (ISE) by Yang Ming. It willturn in 11 weeks using 11 ships of 6,000 to 7,000 teu. Port rotation of the new INX/IOX/ISE service
ONE will partner HMM and CMA CGM to launch a new North Europe-US West Coast Transatlantic service that are named respectively as the Atlantic 5 (AL5), Transatlantic 1 (TA1) and California Bridge (CALFB). Yang Ming, OOCL and COSCO will also participate as slot buyers on the service as the Atlantic 5 (AL5) and Atlantic West Coast (ATW). The AL5/TA1/CALFB/ATW will call at Southampton, Le Havre, Rotterdam, Hamburg, Antwerp, Miami, Cartagena (Col), Panama Canal, Balboa, Los Angeles, Oakland, Balboa,
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 will introduce a new East Coast South America Express 3 (SX3) service from 14 October 2024 through slots on HMM's Far East-India-Latin America (FIL) service. The service turns in 12 weeks and deploys 12 ships of 4,700-8,500 teu from HMM that calls at Busan, Shanghai, Ningbo, Shekou, Kattupalli, Santos, Paranagua, Rio Grande, Navegantes, Singapore, Hong Kong, Busan. ONE's slot arrangement will not include the Kattupali call.
HMM and SM Line will exchange slots on the transpacific PSX and CPX services starting from June 2024. The 2 South Korean carriers swap 300 teu each week on each service and the agreement will expire on 30 April 2025 with no automatic renewals. The PSX service calls at Shanghai, Kwangyang, Busan, Los Angeles, Oakland, Busan, Kwangyang, Incheon, Shanghai and is operated by HMM using 7 ships of 8,500 to 10,000 teu with an upgrade to 13,700 teu ships planned later this year. ONE, Hapag-Lloyd and Ya
COSCO has reached an agreement with ONE to purchase slots on the West India North America Express (WIN) service from 16 May 2024. COSCO will market the service as the India East Coast Express 2 (IPE2) and joins HMM as slot buyer on the new service that it markets as the India America Express (IAX), with each carrier taking 500 teu and 1,700 teu respectively per week, including 5o and 170 reefer slots each. ONE launched the service on 9 May 2024 on an extended routing through the Cape of Good
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
Bengal Tiger Lines (BTL) will launch a new Rio Grande-Buenos Aires-Montevideo (RBM) feeder service from 22 May 2024. The RBM service will turn weekly with the 1,756 teu TIGER PLATA (ex MAHAWELI). It will provide connections at Rio Grande to and from Buenos Aires and Montevideo, serving primarily HMM's Far East-India-Latin Amerca (FIL) service that will be truncated with the existing calls at Buenos Aires and Montevideo removed while a new call at Rio Grande's Tecon terminal is added. The revis
THE Alliance carriers (Hapag-Lloyd, HMM, ONE and Yang Ming) has announced the postponement of the Asia-US East Coast 4 (EC4/Suez1) service relaunch that was originally scheduled from 15 April 2024 after a 6 month suspension. The EC4/Suez1 was to deploy up to 13 ships of 13,000-14,000 teu with a new rotation calling at Kaohsiung, Xiamen, Yantian, Cai Mep, Singapore, Norfolk, Savannah, Charleston, New York, Singapore, Kaohsiung with the former call at Hong Kong omitted and divert from the Suez to
HMM will take slots on the new ONE/Wan Hai AP1/AA3 transpacific service that will start on 8 May 2024. HMM will have a weekly slot allocation of 250 teu from ONE on the service that it will be marketed by both carriers as the AP1. The AP1/AA3 service will turn in 7 weeks with 7 ships of 7,000 to 13,400 teu, of which 5 ships will be operated by Wan Hai and 2 ships from ONE, and will call at Haiphong, Cai Mep, Shekou, Xiamen, Taipei, Ningbo, Shanghai, Los Angeles, Oakland, Shekou, Haiphong. The