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)
Maersk will launch a new SLN (Mediterranean Sea C) service calling at Barcelona, Valencia, Algeciras, Casablanca, Tangier Med, Mersin, Haifa, Alexandria, Fos, Barcelona from 12 January 2025. The service will replace its existing SLZ (Mediterranean Sea A) and SLH (Mediterranean Sea B) services that Maersk operates jointly with Arkas. The SLZ calls at Barcelona, Genoa, Alexandria, Beirut, Mersin, Aliaga, Algeciras, Tangier Med, Valencia, Barelona while the SLH calls at Barcelona, Valencia, Casabl
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
Maersk will launch a new Northern Star service connecting Shanghai, Hong Kong, Brisbane, Auckland, Nelson, Timaru, Port Chalmers, Napier, Tauranga from 20 October 2024. The Northern Star service will turn in 8 weeks and deploys 8 ships of 2,700 to 3,500 teu starting with the 3,450 teu MAERSK INNOSHIMA at Shanghai on 20 October 2024. Maersk new Northern Star service port rotationFollowing the introduction of the new service, Maersk will revise the rotation of the Southern Star service from 2 No
Maersk will launch a new Far East-Indian Subcontinent 1 (FI1) service calling at Colombo, Laem Chabang, Yantian, Hong Kong, Colombo from September 2024. The service will turn in 4 weeks and will deploy 4 ships of 3,500 teu to 7,800 teu starting with the 4,506 teu DYROS at Colombo on 10 September.
Maersk's liner business turned around in 2Q 2024 after three quarters of negative EBIT but barely got much benefits from the soaring spot freight rates during the 2Q 2024. Average freight rates earned by Maersk up only 1% YoY and 7% QoQ against CCFI's 53% YoY and 12% QoQ. Maersk's liner EBITDA margin at 16.8%, much lower than CMA CGM's 23.9% and ONE's 28.9% in 2Q 2024. So despite of the Maersk's larger fleet, Maersk's EBITDA is 35% below that of CMA CGM's in 2Q 2024. All these three liners that
MSC’s planned newbuilding orders will bring its overall fleet to 7.5m TEU by the end of 2028 as it continues to widen the gap with their main rivals. The latest MSC orders is expected to include 10 units of 21,000 teu at Hantong, as well as a series of 12,000 teu units at Rongsheng and 11,000 teu units at Penglai Jinglu to be delivered from 2027. Although CMA CGM’s new vessel delivery pipeline will allow it to surpass Maersk by 2027, it will still trail MSC by more than 2m teu by the end of 2028
With the rest of its main rivals pushing ahead with their capacity expansion plans, Maersk has been stagnant with its capacity operated capped at 4.3m TEU since 2017 as the Group pursued its logistics integrator strategy. This is set to change as Maersk stated last week that it will be “doing whatever it reasonably can to bring supply in line with businesses’ demand for capacity”, as it hints to an imminent reversal of its self-imposed capacity cap. The move follows Maersk’s withdrawal from it
Maersk has relaunched the Far East-Middle East 1 (FM1) service with a new rotation calling at Singapore, Jebel Ali, Abu Dhabi, Salalah, Singapore from 29 June 2024. The new FM1 service will turn in 28 days and will deploy 4 ships of 3,500-8,700 teu.