A large number of container shipping companies have suspended their flights, which has pushed up the
- Author:sofreight.com
- Source:sofreight.com
- Release Date:2023-08-29
NO.1 Shipping companies suspend a large number of flights to push up freight rates
Alphaliner noted in its latest weekly report that cancellations are now part of normal shipping business on major east-west container routes.According to Alphaliner data, in June and July, 10.8% of the scheduled voyages on the 25 Central China-Europe routes provided by the three major alliances were cancelled.
Alphaliner believes that limiting shipping capacity should relieve some of the pressure on the spot market, while experts from the container shipping platform Freightos said: "There has been a moderate increase in peak season volumes, coupled with the increase in blank voyages, the carrier's spot freight rates have increased in recent weeks.The upward trend ended the downward trend of freight rates for more than a year.”
Given the recent increase in freight rates, it is expected that this strict capacity management will continue, which also means that the suspension of sailings will continue until demand recovers."There are already indications that another increase in freight rates across the board is likely next month," said an update from Atlantic Pacific Global Logistics yesterday.
NO.2 Saudi port container throughput increased in July
The Saudi Ports Authority (Mawani) reported a consolidated container throughput of 753,496 TEU in July, 19% higher than the same period last year.More specifically, Mawani's data for July showed that export containers increased by 34.56% to 250,004 TEU from 185,791 TEU last year, and import containers increased by 30.09% from 180,329 TEU to 234,592 TEU.
Also, Mawani will register an annual growth rate of 0.41% in its transshipment segment to 268,901 TEUs in July 2023.On the other hand, cargo volumes in July fell by 9.84% to 25,096,888 tons this year from 27,836,906 tons in the same period last year.
It is reported that the vessel traffic volume in July was estimated at 1,017 vessels, an increase of 2.94% from 988 vessels in the same period last year, and the number of passengers was 57,730, a year-on-year increase of 32.57%.
NO.3 Delta Air Lines adds more flights to China and the United States
Delta Air Lines recently issued a statement saying that the company will increase the number of flights between China and the United States in October this year, and further increase the number of flights between the two countries next year.
Delta will begin operating one daily flight from Seattle to Shanghai Pudong International Airport and three weekly flights from Detroit to Shanghai Pudong International Airport starting October 29, the statement said.From March next year, Delta will resume four weekly flights from Los Angeles to Shanghai Pudong International Airport.
NO.4 Hapag-Lloyd is considering joining the HMM acquisition battle
Recently, Hapag-Lloyd, the fifth largest container shipping company in the world, is trying to bid for HMM in order to increase the fleet size and increase market share.
It is understood that Hapag-Lloyd has recently received an investment prospectus from Samsung Securities, the lead manager of the sale, containing details of the sale of HMM, and is considering participating in the bid.Hapag-Lloyd has been discussing the possibility of acquiring HMM and creating synergies after choosing Goldman Sachs as its advisory firm.
According to industry insiders, Hapag-Lloyd's move aims to increase the size of the fleet and increase its global market share.According to the latest data from Alphaliner, Hapag-Lloyd's current capacity is about 1,881,603 TEU, with a market share of about 6.9%, while HMM's capacity is about 790,342 TEU, with a market share of about 2.9%.
NO.5 CNC adds BBX6 route
Source: Weiyun.com Invasion and deletion
In late August, CNC, the Asian regional subsidiary of CMA CGM Group, will add a new flight service "BBX6" connecting China, Vietnam, Malaysia and Bangladesh.It can go directly to Ho Chi Minh Kale, Klang North, Chittagong, etc.
The service of this route will call at: Qingdao-Shanghai-Kalai, Ho Chi Minh City-Klang North-Chittagong-Klang North-Kalai Ho Chi Minh City-Xiamen.
The upcoming "BBX6" will be provided by CNC through the China-Vietnam-Malaysia-Bangladesh part of the common cabin of the "CBX2" service operated by SITC, which starts in November 2022.The route is operated by 6 ships of about 2600TEU, and the cycle time is 6 weeks. The CNC space is limited to the above-mentioned ports.
Alphaliner noted in its latest weekly report that cancellations are now part of normal shipping business on major east-west container routes.According to Alphaliner data, in June and July, 10.8% of the scheduled voyages on the 25 Central China-Europe routes provided by the three major alliances were cancelled.
Alphaliner believes that limiting shipping capacity should relieve some of the pressure on the spot market, while experts from the container shipping platform Freightos said: "There has been a moderate increase in peak season volumes, coupled with the increase in blank voyages, the carrier's spot freight rates have increased in recent weeks.The upward trend ended the downward trend of freight rates for more than a year.”
Given the recent increase in freight rates, it is expected that this strict capacity management will continue, which also means that the suspension of sailings will continue until demand recovers."There are already indications that another increase in freight rates across the board is likely next month," said an update from Atlantic Pacific Global Logistics yesterday.
NO.2 Saudi port container throughput increased in July
The Saudi Ports Authority (Mawani) reported a consolidated container throughput of 753,496 TEU in July, 19% higher than the same period last year.More specifically, Mawani's data for July showed that export containers increased by 34.56% to 250,004 TEU from 185,791 TEU last year, and import containers increased by 30.09% from 180,329 TEU to 234,592 TEU.
Also, Mawani will register an annual growth rate of 0.41% in its transshipment segment to 268,901 TEUs in July 2023.On the other hand, cargo volumes in July fell by 9.84% to 25,096,888 tons this year from 27,836,906 tons in the same period last year.
It is reported that the vessel traffic volume in July was estimated at 1,017 vessels, an increase of 2.94% from 988 vessels in the same period last year, and the number of passengers was 57,730, a year-on-year increase of 32.57%.
NO.3 Delta Air Lines adds more flights to China and the United States
Delta Air Lines recently issued a statement saying that the company will increase the number of flights between China and the United States in October this year, and further increase the number of flights between the two countries next year.
Delta will begin operating one daily flight from Seattle to Shanghai Pudong International Airport and three weekly flights from Detroit to Shanghai Pudong International Airport starting October 29, the statement said.From March next year, Delta will resume four weekly flights from Los Angeles to Shanghai Pudong International Airport.
NO.4 Hapag-Lloyd is considering joining the HMM acquisition battle
Recently, Hapag-Lloyd, the fifth largest container shipping company in the world, is trying to bid for HMM in order to increase the fleet size and increase market share.
It is understood that Hapag-Lloyd has recently received an investment prospectus from Samsung Securities, the lead manager of the sale, containing details of the sale of HMM, and is considering participating in the bid.Hapag-Lloyd has been discussing the possibility of acquiring HMM and creating synergies after choosing Goldman Sachs as its advisory firm.
According to industry insiders, Hapag-Lloyd's move aims to increase the size of the fleet and increase its global market share.According to the latest data from Alphaliner, Hapag-Lloyd's current capacity is about 1,881,603 TEU, with a market share of about 6.9%, while HMM's capacity is about 790,342 TEU, with a market share of about 2.9%.
NO.5 CNC adds BBX6 route
Source: Weiyun.com Invasion and deletion
In late August, CNC, the Asian regional subsidiary of CMA CGM Group, will add a new flight service "BBX6" connecting China, Vietnam, Malaysia and Bangladesh.It can go directly to Ho Chi Minh Kale, Klang North, Chittagong, etc.
The service of this route will call at: Qingdao-Shanghai-Kalai, Ho Chi Minh City-Klang North-Chittagong-Klang North-Kalai Ho Chi Minh City-Xiamen.
The upcoming "BBX6" will be provided by CNC through the China-Vietnam-Malaysia-Bangladesh part of the common cabin of the "CBX2" service operated by SITC, which starts in November 2022.The route is operated by 6 ships of about 2600TEU, and the cycle time is 6 weeks. The CNC space is limited to the above-mentioned ports.