Shipping article(s)
Port of Long Beach achieves its busiest November
Port of Long Beach achieves its busiest November
Freightos: Trump support for ILA may make strike less likely
​OOCL upgrades Trans-Atlantic services from North Europe to North America
OOCL launches new services between China and India
MSC announces update on solo East/West network
South Korea to invest US$10B to develop Jinhae New Port in Busan
Trump appears to support dockworkers in port automation fight
FedEx, Hong Kong Customs sign MoU on cross-boundary express cargo clearance
US halts Premier Alliance, requests additional information
​OOCL announces new China-Laem Chabang service
Yang Ming to launch China-Thailand Express Service to boost Intra-Asia network
Contecon Guayaquil strengthens trade connection to Asia
OOCL to launch second 16,828 TEU vessel on the Transpacific trade
UNCTAD: Global trade will reach a new high in 2024
Ocean Alliance maintains highest capacity market share
Basra Gateway Terminal welcomes first RCL service to Iraq
OOCL names the first of ten Neopanamax vessel
Hapag-Lloyd breaks ground in Uganda
WorldACD: Tonnages hold firm while rates continue to build in peak season
PSA, Evergreen Marine form JV for Singapore container terminal operations
ONE strengthens Southeast Asia presence with Indonesia terminal acquisition
Hapag-Lloyd concludes long-term offtake agreement for green methanol
Trump's new tariff threat could lead to frontloading, rate increases
Global schedule reliability improves marginally in October
MOL signs MoU with Maritime and Port Authority of Singapore
PSA, NUS facilitates sustainable supply chain growth with supply chain living lab launch
Sea-Intel: Major ocean carriers report 600% growth in Q3 earnings over last year
DP World eyes auto sector growth, offers solutions to China’s EV makers
Saudi ports booming as they seek role as logistics hubs
East, Gulf ports strike’s ripple effect could disrupt schedules into 2025
DHL warns of volatile ocean rates and surging capacity ahead
Kerry Logistics appoints Wong Siew Loong as chief commercial officer
Port of LA exceeds 900,000 container units for fourth month
S&P: Operational performance declines in most Southeast Asian ports in Q3
Freightos: No real air peak yet
Globalization remains at a record level, despite geopolitical tensions, uncertainties
Global trade shifts to continue into 2025
ONE, Seaspan announce establishment of OneSea Solutions Pte. Ltd.
PSA BDP inks commitment to Science Based Target Initiatives
Rail transport grows at the Port of Hamburg
Savannah container volumes up 10% in October despite labour disputes
Frankfurt saw another month of cargo growth in October
ONE connects Jacksonville port with five ports in Asia
Canada ports resume operations after government steps in to end labour disputes
Hapag-Lloyd orders 24 container ships worth US$4B
Air cargo peak season to be “much tamer” than expected due to early front loading
Maersk tops Sea-Intel's reliability ranking so far this year
ZIM accelerates global rollout of smart containers
ICTSI blasts Maersk over Durban Container Terminal legal fiasco
CMA CGM said EU ETS regulation changes would raise its surcharges by 75%
DP World to acquire Australia's Silk Logistics
Freightos: Trump win could trigger frontloading ahead of expected tariffs
Trump presidency could reignite US-China trade war, threaten a spike in ocean rates
Drewry: Intra-Asia container shipping market outpaces global growth
Container ship deliveries hit new record of 2.5 million TEUs
DaChan Bay Terminals welcomes new, enhanced Middle East services
MOL to build logistic center on Kobe’s Port Island
Hapag-Lloyd welcomes 7th 23,660 TEU ship “Hamburg Express”
Global shipping schedule reliability drops to 51.4% in September
Strike to hit Canada West Coast ports from November 4
Supply chain resilience drives 18% YoY growth in global M&A in Q3
Singapore port authority says cleanup of oil spill incident completed
Port of New York and New Jersey report second-busiest September
Shipping companies will remain profitable in 2024 despite sharp fall in rates
Greece leads the world’s top 5 largest shipping fleets
MPA said no impact to navigational traffic due to oil spill off Changi
ZIM to restructure its cross-Atlantic service
Hong Kong to Europe tonnages continue to build
Attacks on ships in Ukraine threaten 1% of dry bulk market
Port NOLA appoints Beth Ann Branch new president & CEO
Vessel bunching back to a level almost matching the pandemic peak
Singapore Changi Airport maintains double-digit cargo growth in Q3
CMA CGM, Suez sign MoU for biomethane production in Europe
Strong container throughput at Port of Antwerp-Bruges despite market woes
Port of LA achieves record September, best quarter ever from peak-season volumes
PSA breaks ground for its new supply chain hub near Tuas Port
Yang Ming to launch two Europe-East Med express services
Panama Canal reduces wait times for ships by 15 hours in FY2024
DP World acquires 47,000 TEUs to boost capacity
Port of Long Beach sees strongest September on record
East Coast ports face some congestion clearing strike backlogs
ICTSI's Mindanao terminal welcomes new Evergreen, Wan Hai Lines service
BIMCO approves first management agreement for autonomous ships
Sea-Intel: 10-17% capacity decline to come from USEC port strike
ICTSI's VCT installs two new mobile harbor cranes
Singapore, Shandong sign deal for green and digital shipping corridor
Continued pressure on air cargo as congestion from East Coast port strikes ease
ICTSI's East Java Multipurpose Terminal opens
Kerry Logistics inks HK$1B ESG loan facility
Flexport notes limited air freight impact of US East, Gulf coast ports strike
Port strike on the US East Coast ends as parties agree to a tentative deal
US port strikes add to “storm brewing” in air freight market
Indonesia to get faster int'l deliveries with new direct DHL flight from Hong Kong
DP World progresses with Mozambique port expansion plans
Global shipping schedule reliability improves, but down year-on-year
US East, Gulf ports strike begins as parties fail to reach deal
Rating
CKYHE COOPERATION TO CHINA-US TRADE
November 3, 2014
Hanjin Transits Suez Canal
The CKYHE Alliance lines have announced plans to expand their cooperation to the US trades.

One of the biggest moves to affect the China/US container trades in recent weeks has been the announcement by the CKYHE Alliance lines (COSCO, K Line, Yangming, Hanjin, Evergreen), that they intend to expand their cooperation to the US trades.
Consequently, the lines have submitted a formal letter to China’s Ministry of Transport, filed with the Federal Maritime Commission a Filing Agreement to cover US trades, and informed the EU Commission of those developments.
The much expected, but now officially announced move, means that on the US trades, CKYHE will follow the same pattern of cooperation that the alliance lines have used on the Asia/Europe and Asia/Mediterranean trades during the past year.
After the regulators approve, the parties will discuss and agree their cooperation with a target implementation date of spring 2015.
The China/US West coast trade has also welcomed its first containerships in the 13,000+ teu capacity frame, with COSCO, Evergreen and Mediterranean Shipping Co (MSC) leading the way into the megaship league.
COSCO and Evergreen have just completed the capacity upgrade of their jointly-operated Taiwan/Hong Kong – Pacific South West (PSW) network known as the HTW/SEA service from mid-October with the deployment of the 13,386 teu newbuilding COSCO Denmark.
The upgrade will then mean the service will be the first on the Asia/USWC trade to operate entirely with 13,000+ teu vessels. The only other operating with 13,000 teu vessels is the MSC/CMA-CGM Pearl River Express which has a mixed capacity deployment of 11,000/13,000 teu vessels.
COSCO Denmark is scheduled to phase in at Taipei on October 15, replacing the 10,020 teu COSCO Pacific, and from then on the service will operate with six 13,000+ teu vessels


Port coverage: Taipei, Xiamen, Hong Kong, Yantian, Long Beach, Los Angeles, Taipei


Three of the six vessels are operated by COSCO, the other three by Evergreen on charter from COSCO.
On the operational side, the G6 Alliance lines have announced a winter service programme for the Asia/USEC trade, which combines the NYE and SCE services, taking out around 4,700 teu of weekly on the Panama Canal route in order to cater for the seasonal downturn.


Under the newly-merged service structure, the port rotation will be: Xiamen, Kaohsiung, Hong Kong, Yantian, Shanghai, Pusan, Manzanillo, Kingston, Savannah, Charleston, New York, Norfolk, Jacksonville, Kingston, Manzanillo, Balboa, Pusan, Xiamen


The first sailing of the combined service will be by the 4,646 teu Hyundai Glory, which is scheduled to leave Xiamen on October 30.
The last sailings of the temporarily suspended NYE and SCE services are as follows:


NYE: Week 44 eastbound from Kaohsiung
SCE: Week 43 eastbound from Xiamen


Further to that development, the G6 alliance lines will suspend their jointly-operated CC2 service covering the Asia/USWC trade from the end of October to cater for the seasonal downturn. The suspension takes out some 6,000 teu of weekly capacity from the trade.


CC2 service details:
Port coverage: Ningbo, Shangha1, Los Angeles, Ningbo
Deployment: 5 x 5,500/6,500 teu vessels
Last sailing eastbound from Shanghai on October 31


The fall in fuel prices has also resulted in some interesting developments on the Asia/US trade.
Hanjin has decided to opt for the Cape of Good Hope transit route on the eastbound rotation for its participation in the Asia/USEC all-water service known as the AWE8/AUE.
Hanjin will continue to cover the westbound route by taking the Suez transit, but eastbound will transit via the Cape in the medium term, until at least April 2015.
Evergreen and COSCO, which are also tonnage providers on the service, will continue via the Suez in both directions.


Service coverage: Xiamen, Kaohsiung, Hong Kong, Yantian, Singapore, (Suez transit), New York, Norfolk, Savannah, (Suez transit for Evergreen/COSCO, Cape of Good Hope transit for Hanjin), Xiamen
Deployment: 11 x 7,500/8,500 teu vessels (6 x Evergreen, 3 x Hanjin, 2 x COSCO)


The Cape route alternative will not effect eastbound service transit times, and Savannah/Xiamen will remain at 37/38 days for the service. Consequently, Hanjin will increase the speed of its vessels eastbound but save on Suez transit fees by the re-routing.

By Paul Richardson
Sea Freight Correspondent | London

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