LINERLYTICA

28 February 2022
Issue 2022-8
Please send enquiries to
editor@[Link]

Market Pulse – 2022 Week 8

MARKET BRIEF – 2022 WEEK 8 CONTAINER MARKET BAROMETER
The Ukraine crisis has no immediate impact on the container markets even 2022 WEEK 8
though spot freight rates dropped broadly albeit marginally last week, with
Asian export volumes still insufficiently strong to support rates. Although some
carriers have announced early March rate increases, most carriers have Neutral
extended their rates until Mid-March before they push for further GRIs. This has
not deterred some carriers from pushing onward with vessel charters as
charter rates continue to hit fresh highs with tonnage availability still extremely
low. Port congestion remain high with improvements in LA negated by
worsening congestion in other US gateways, while various Asia, Europe and
Australia ports are also witnessing longer vessel waiting times.

Port Congestion Port Throughput Freight Rates

Ships delivered Ships Ordered
Week 7 Jan (early SCFI Week 8
Last 30 days Last 30 days
projections)

2.96m TEU 1.5% YoY 11 ships 22 ships 4,818 -2.6%

11.7% of fleet 47,173 TEU 183,,660 TEU Up 73.6% YoY
1.3% MoM
Up 0.1%

The Russia-Ukraine conflict will not have a material impact on global container trade volumes, as the total
Ukrainian container throughput of 1.0m teu in 2021 account for just 0.11% of global container volumes. Even if
economic sanctions affect container volumes in Russia, the total impact on global container trade volumes will be
just 0.6%. However, not all of the Russian container volumes would be affected as the growing Russian Far East
container trade through the ports of Vladivostok and Vostochny is expected to continue to thrive. In 2021, the 2 main
Far Eastern ports of Russia handled 1.6m teu, accounting for one-third of total Russian container port volumes.

Container throughput at Ukrainian Ports

1,400 0.25%
Chornomorsk (formerly Ilyichevsk)
Annual throughput in TEU Thousands

Pivdennyi (formerly Yuzhny)

1,200 Odessa
Total Ukraine volumes as % of global container throughput 0.20%
1,000

0.15%
800

600
0.10%

400
0.05%
200

0 0.00%
2021
2012
2011
2007

2017
2014

2015
2004

2005
2003

2013

2020
2006

2008

2009

2016

2018

2019
2000

2010
2002
2001

28/2/2022 ©LINERLYTICA 2022 1

 LINERLYTICA Global Port Congestion Watch

Port congestion by region Port congestion remains elevated, with

North America still the main chokepoint
Breakdown as at 27 Feb 2022
3.50 accounting for 47% of global vessels
North Asia 15%
Capacity in TEU Millions

Southeast Asia 6% waiting at anchorages.

3.00 ISC/Middle East 4%
Africa 4% Total vessels at North American
Med 5% anchorages have receded slightly to
2.50
North Europe 15% 1.38m teu compared to 1.53m teu last
North America 47%
2.00 South America 3% week due to improvements in San
Oceania 1% Pedro (LA/LB), with total vessel
capacity waiting for berths currently at
1.50
426,000 teu compared to a peak of
738,000 teu just one month ago.
1.00 However, this has been replaced by
increased queues at Oakland and the
0.50 ports in Puget Sound (Seattle, Tacoma,
Vancouver, Prince Rupert). Congestion
0.00 also remain high in the US East Coast
Oct 2020

Nov 2020

Dec 2020

Jan 2021

Feb 2021

Mar 2021

Apr 2021

May 2021

Jun 2021

Jul 2021

Aug 2021

Sep 2021

Oct 2021

Nov 2021

Dec 2021

Jan 2022

Feb 2022
especially in Charleston, New York,
Norfolk and Houston, with only
Savannah recording improvements.

LINERLYTICA Weekly Congestion Spotlight

Port Congestion - North China
1,000,000 Congestion at the main Chinese have
Shanghai/Ningbo
picked up slightly after dropping since
800,000 the Chinese New Year holidays, in the
Capacity at anchorage (TEU)

first signs that activity is picking up

again after Chinese factory production
600,000
and export volumes come back from
the post CNY dip.
400,000
Congestion numbers are still well
200,000 below their previous peaks last year,
but the rise is coming ahead of the
busier summer season and is trending
0
ahead of the trend last year.
Oct 2020

Nov 2020
Dec 2020

Jan 2021

Feb 2021
Mar 2021

Apr 2021
May 2021

Jun 2021
Jul 2021
Aug 2021

Sep 2021
Oct 2021

Nov 2021
Dec 2021
Jan 2022

Feb 2022

Cargo demand needs to rebound

strongly to support the carriers’
Port Congestion - South China/Taiwan attempts to push ahead with their rate
700,000 increase efforts that have mostly been
Shenzhen/HK Xiamen/Taiwan
pushed back to mid-March, although
600,000 some carriers are proceeding with
Capacity at anchorage (TEU)

early March rate increases on the

500,000
Transpacific routes.
400,000
Carriers are positioning ahead of the
300,000 key Transpacific contract rate
negotiations as it is critical that they
200,000
maintain spot rates above the proposed
100,000 contract rate levels.

0
Oct 2020

Nov 2020
Dec 2020

Jan 2021
Feb 2021
Mar 2021

Apr 2021
May 2021

Jun 2021
Jul 2021

Aug 2021

Sep 2021
Oct 2021

Nov 2021
Dec 2021

Jan 2022

Feb 2022

28/2/2022 ©LINERLYTICA 2022 2

 LINERLYTICA Port Throughput Watch
Monthly Port Volumes - Linerlytica Global Sample
70 60%
Throughput in TEU Millions

50%
65 40%

30%

16.6%

% Growth YoY
15.2%

0.015058532
60

13.5%
13.6%

12.3%
20%

7.8%
6.2%
6.0%
5.9%
5.4%

5.6%

4.9%
4.7%
4.4%

4.0%
3.8%
3.7%

3.3%
3.1%
3.1%

2.1%
1.9% 10%

1.5%

1.3%

1.3%

0.3%
0.1%
55
0%

-0.4%
-1.4%

-1.6%
-3.8%

-4.4%
-10%
-0.3%

50

-7.6%
-8.2%
-4.4%
-20%
Includes preliminary estimates and subject to changes
45 -30%
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Weekly Ports Highlights January 2022 (f) MoM% YoY%
Global Sample 1.3% 1.5%
Additional January port volumes reported over the past week have reaffirmed the rebound in Breakdown by region
demand last month, with volumes growing by 1.3% compared to December 2021 and 1.5% year-
China & HK 3.5% 0.3%
on-year compared to January 2021.
Other North Asia 1.0% 4.8%
The rebound in the Chinese port volumes were the main driver for the rebound, with other key SE Asia -0.5% 1.4%
Asian ports in Korea, Taiwan and Vietnam also showing some resilience ahead of the Lunar Indian sub-cont. -1.7% 1.5%
New Year.
Middle East -4.0% -1.4%
Port volumes in the Middle East and Indian subcontinent region are still not fully reported and North America 1.4% 1.6%
may still be revised upwards, with positive cargo trends ahead of the Ramadan peak shipping Latin America -4.0% 7.9%
season expected to aid demand. North Europe 1.2% 0.0%
Container volumes in the Black Sea and Baltic regions could be affected by the Ukraine- South Europe 2.7% 4.8%
Russian conflict and sanctions against Russia but the impact will only be reflected in the Africa -0.2% 1.7%
coming months. Oceania -3.7% -4.5%

Weekly Port Focus : Far East Ports

A strong rebound in port volumes in Korea, Vietnam and Taiwan Container throughput in TEU
helped to push the January port volumes ahead of the Lunar 2,500,000
New Year holidays in these 3 countries.

Busan port reported 1.94m teu in January, which is 4.4% ahead 2,000,000
of their December numbers with strong North Asia cargo
volumes pushing up the performance. Busan has also been a
beneficiary of the rise in Russian Far East volumes in the last 2 1,500,000 Busan
years and this trade is expected to thrive as Russian cargo
faces potential sanctions in Europe.
HCMC+Cai Mep
1,000,000
In Vietnam, cargo volumes at Ho Chi Minh City and Cai Mep
posted its 4th consecutive month on month increase, driven by Kaohsiung
rising export volumes after the strict country wide COVID
500,000
lockdowns that were only lifted in September last year.

Volume growth at the main Taiwanese port of Kaohsiung were

relatively lacklustre but it still registered a 2.5% gain in January 0
2019

2020

2021

2022

compared to a month earlier.

28/2/2022 ©LINERLYTICA 2022 3

 LINERLYTICA Containership Charter & Resale Market Watch

Containership charter rates $/day Charter rates continue to rise and break
160000 (based on 12 month fixtures) new records, with Euroseas announcing the
8,000 teu 25 year old 1,439 teu AEGEAN EXPRESS
140000 5,600 teu fetched a very strong rate of $41,000 on a 3
4,250 teu year extension to Continental Shipping for
120000 2,700 teu its Straits-Myanmar service.
1,700 teu
100000 1,100 teu Chartering activity was limited to smaller
sizes only, with larger tonnage remaining in
80000
very short supply at the moment. Demand
60000 remains high with several carriers still
short of tonnage for the new services
40000 planned in the next 3 months.

20000 FESCO was reported to have acquired 3

ships of 980-1,050 teu from Ortolan but the
0 deal could be aborted due to potential
2003

2005
2006

2009
2001

2004

2008
2002

2013

2015
2016

2019
2000

2011

2014

2021
2007

2018
2012

2022
2010

2020
2017
Russian sanctions.

New charters
Name TEU Built Gear Owner Charterer Rate $/day Period Laycan
KOTA LATIF 4,253 2007 No PIL Matson 44,000 46-50m Feb-22
EMMA A 2,837 2007 No Arkas Group Hapag-Lloyd 40,000 36m Feb-22
MARTINIQUE 2,824 2007 No Zeaborn ONE 39,950 36m Feb-22
EM CORFU 2,556 2001 Yes Eurobulk Maersk 40,000 36-38m Feb-22
FUTURE 2,174 1997 No Danaos COSCO € 26,250 36m Feb-22
GREEN DAWN 1,809 2020 No XT Shipping X-Press Feeders 33,000 36m Feb-22
SEAMASTER 1,756 2013 Yes Eastern Med Maritime Zim 35,000 36m Feb-22
TZINI 1,756 2013 Yes Eastern Med Maritime Zim 35,000 36m Feb-22
KONRAD 1,740 2005 Yes Akar Shipping Hapag-Lloyd 44,000 12m Feb-22
MTT PASIR GUDANG 1,740 2000 Yes MTT Shipping Yang Ming 59000 9-11m Feb-22
OPHELIA 1,717 2018 No Leonhardt & Blumberg Zim 34,500 36m Feb-22
A. IDEFIX 1,674 2008 Yes Capital Ship Management X-Press Feeders 42,500 36m Feb-22
TIGER LONGKOU 1,384 2022 No Tiger Investment SITC na na Feb-22
OEL INDIA 1,030 2008 Yes Transworld Group Maersk 20,300 24m Feb-22
AURORA 868 2001 No Reederei Rudolf Schepers BG Freight E18,000 30-32m Feb-22

New ownership changes

Name TEU Gear Built Yard Delivery Price Sellers Buyers

SEASPAN LEBU 4,253 No 2010 Yangzijiang Feb-22 Seaspan CMA CGM
BALTHASAR SCHULTE 4,250 No 2012 Yangzijiang Feb-22 Borealis Maritime MSC
FILIA T 1,774 No 2019 Yangzijiang Feb-22 $41m Lomar Wan Hai
LUCKY MERRY 1,708 Yes 2007 Imabari Feb-22 Lucky Shipping Navigation Celcius Shg
MANATEE 1,577 Yes 2006 Imabari Feb-22 Tanto Intim Line Celcius Shg
RUN HE 1,200 No 2003 Hegemann Rolandwerft Feb-22 Fonway Shipping MSC
VEGA SKY 1,020 No 2012 Tsuneishi Feb-22 Kambara Kisen Onward Marine

28/2/2022 ©LINERLYTICA 2022 4

 LINERLYTICA Containership Capacity Watch

Ships delivered in last 30 days

Name TEU DWT Yard Built Delivered Owner Operator
EVER OPUS 2,476 33,496 Imabari Zosen 25/2/2022 Northstar Ship Mgmt Evergreen
CONSIGNIA 1,091 13,273 Tsuneishi Zhoushan 24/2/2022 Kotoku Kaiun TS Lines
SITC YUNCHENG 2,433 24,400 Jiangsu New Yangzi 24/2/2022 SITC SITC
WAN HAI 292 2,038 23,803 Huangpu Wenchong 23/2/2022 Wan Hai Lines Wan Hai
CMA CGM INTEGRITY 15,264 136,240 Hyundai (Ulsan) 23/2/2022 Eastern Pacific Shg CMA CGM
TIGER MAANSHAN 1,384 26,177 Jiangsu New Yangzi 14/2/2022 Tiger Gas
CMA CGM DIGNITY 15,264 158,999 Hyundai H.I. 10/2/2022 Eastern Pacific Shg CMA CGM
EVER OATH 2,476 33,541 Imabari 8/2/2022 Shoei Kisen Evergreen
STAR RANGER 963 13,071 Daesun 4/2/2022 Namsung Namsung
EVER CONNECT 1,984 23,377 I-S Shipyard 28/1/2022 Daiwa Kisen Evergreen
H CYGNUS 1,800 24,480 Jiangsu YZJ Xinfu 28/1/2022 Huayuan Shg Zim

Ships deleted in last 30 days

Name TEU LDT Built Scrap Location Deleted $/LDT Last Commercial Owner
No ships were deleted in the last 30 days

Ships ordered in last 30 days

Owner TEU Units Yard Reported Delivery Price m Remarks
China United Lines 7,000 2 Shanghai Waigaoqiao 25/2/2022 2024 85
China United Lines 2,700 2 Huangpu Wenchong 15/2/2022 2023 39
PIL 14,400 2 Jiangnan 12/2/2022 2024 160 LOI, LNG
Tsakos 2,800 4 Hyundai Mipo 2/2/2022 2023-24 42.7
Zodiac 15,000 6 DSME 29/1/2022 2025 182.8 for MSC charter, LNG
Capital Ship Management 7,165 4 Dalian (DSIC) 28/1/2022 2024 80
Euroseas 2,800 2 Hyundai Mipo 28/1/2022 2023-24 43.2

New Deliveries and Deletions by Month 2000-2025 An active week for new ship
350,000 deliveries with 6 ships joining the
fleet last week including the dual
300,000 fuel 15,264 teu CMA CGM INTEGRITY
that has been deployed by CMA CGM
250,000 to the OCEAN Alliance’s Pearl River
Express (PRX) service connecting
Capacity delivered in TEU

200,000 South China with to Los Angeles.

150,000 The 1,384 teu LNG container deckship

TIGER MAANSHAN has also been
100,000 delivered, the second unit of a new
series of LNG tank carriers that can
50,000
also be used for containers. The first
ship in the series TIGER LONGKOU
0
has joined SITC but the second unit
-50,000 remains un-deployed.

-100,000 CUL added a fresh order last week

for 2 units of 7,000 teu at Shanghai
2007
2003

2005
2006

2009
2001

2004

2008
2002

2013

2015
2016

2019

2023

2025
2000

2011

2014

2018

2021

2024
2012

2022
2010

2017

2020

Waigaoqiao for delivery in 2024.

28/2/2022 ©LINERLYTICA 2022 5

 LINERLYTICA Containership Capacity Watch

Fleet Status
Active In Port At anchor Idle Drydock % Active
Source : Linerlytica 75%
The total active fleet fell to
Capacity in TEU Millions

25 73% 15.5m teu or 61% of the global

fleet, as the active fleet remains
71%
constrained due to port
23 69% congestion and longer port
67%
stays taking away capacity from
21 the market.
65%

63% There was an increase in ships

19 in dry dock as well, with
61%
500,000 teu currently at
17 59% shipyards compared to 450,000
teu a week ago as Chinese
57%
yards are back at their regular
15 55% work schedules.
Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2020 2020 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2022 2022

Idle Fleet Tracker : 2008 to 2022 There is no material change in

3.50 Idle TEU excl. scubber Scrubber retrofits the idle fleet, with 29 ships for
Idle containership capacity in TEU Millions

60,982 teu that are presently

3.00 inactive.
2.50
The Iranian flagged idle ships
2.00 remain unchanged at 7 units for
24,324 teu, while the disabled
1.50 fleet was also unchanged at 12
ships for 18,795 teu.
1.00
10 ships for 17,863 teu are
0.50 temporarily unemployed as they
are waiting for their new
0.00 employment or crew change
2011

2017
2014

2015
2008

2013

2020
2009

2016

2018

2019

2022
2010

2021
2012

window.

Containerships at yards for scrubber retrofit 3 more ships have entered

130 yards last week for scrubber
120 Breakdown by size range
retrofits, bringing the total
No. of ships undergoing retrofit

110 >15,000 TEU

number of ships under retrofit
100 10,000-15,000 TEU
to 6 ships.
90 5,100-10,000 TEU
80 <5,100 TEU The 8,508 teu EVER LUCENT will
70 be receiving a scrubber along
60 with an upgrade on its loading
50 capacity to 9,532 teu. The
40 retrofit is expected to take
30 about 70 days. The EVER LEGION
20 has been docked since mid-
10 December for a similar retrofit,
0 and is expected to rejoin the
Evergreen fleet next week.
2018

2020
2019

2022
2021

28/2/2022 ©LINERLYTICA 2022 6

 LINERLYTICA Freight Rates Watch
Change vs
Shanghai Container Freight
25-Feb-22
1 week 1 month 3 months 1 year
Index
18-Feb-22 % 28-Jan-22 % 26-Nov-21 % 26-Feb-21 %
SCFI 4,818 4,946 -2.6% 5,010 -3.8% 4,602 4.7% 2,775 73.6%
Shanghai export freight rates (in US$/TEU except to USEC/USWC in US$/FEU) to:-
Europe (Base port) 7,519 7,652 -1.7% 7,780 -3.3% 7,549 -0.4% 4,047 85.8%
Mediterranean (Base port) 7,339 7,416 -1.0% 7,520 -2.4% 7,234 1.5% 4,147 77.0%
USWC (Base port) 8,066 8,117 -0.6% 7,957 1.4% 6,730 19.9% 3,968 103.3%
USEC (Base port) 10,864 10,870 -0.1% 10,985 -1.1% 10,427 4.2% 4,814 125.7%
Persian Gulf (Dubai) 3,426 3,518 -2.6% 3,535 -3.1% 3,360 2.0% 1,692 102.5%
Australia (Melbourne) 4,379 4,515 -3.0% 4,552 -3.8% 4,448 -1.6% 2,387 83.5%
West Africa (Lagos) 7,115 7,174 -0.8% 7,380 -3.6% 7,444 -4.4% 6,403 11.1%
South Africa (Durban) 6,097 6,140 -0.7% 6,275 -2.8% 6,454 -5.5% 2,849 114.0%
South America (Santos) 8,801 9,093 -3.2% 9,837 -10.5% 10,137 -13.2% 8,120 8.4%
West Japan (Osaka/Kobe) 319 317 0.7% 287 11.4% 318 0.4% 252 26.7%
East Japan (Tokyo/Yokohama) 290 291 -0.3% 286 1.6% 305 -4.8% 260 11.7%
Southeast Asia (Singapore) 1,236 1,403 -11.9% 1,483 -16.6% 1,124 9.9% 1,004 23.1%
Korea (Busan) 369 404 -8.7% 449 -17.9% 343 7.7% 301 22.6%

China-US West Coast Freight Rate

4,000 Spot rates to the US West Coast
SCFI
$20,000 S&P Platts weakened slightly last week, with
WCI 3,500 capacity currently open and rate
FBX premiums mostly eroded. Several
3,000

CCFI (Indexed rate)

$15,000 CCFI carriers have pushed for a 1 March
2022 rate increase of $300 to 500
US$/FEU

2,500 per feu but the majority of carriers

$10,000 have extended rates until mid-
2,000 March.
1,500
$5,000
The mid-March test will determine if
carriers can reverse the recent rate
1,000
weakness and much will depend if
volumes recover sufficiently to
$0 500
create more space tightness.
Jan 20
Feb 20
Mar 20
Apr 20
May 20
Jun 20
Jul 20
Aug 20
Sep 20
Oct 20
Nov 20
Dec 20
Jan 21
Feb 21
Mar 21
Apr 21
May 21
Jun 21
Jul 21
Aug 21
Sep 21
Oct 21
Nov 21
Dec 21
Jan 22
Feb 22
Mar 22

China-North Europe Freight Rate Spot rates on Asia-Europe also fell

$18,000 6,500 dropped slightly, with the SCFI
SCFI
S&P Platts recording a 6th consecutive weekly
$16,000
WCI 5,500 fall.
$14,000 FBX
With full year contract rates already
CCFI (Indexed rate)

CCFI 4,500
$12,000
settled at significantly higher levels
US$/FEU

$10,000 than last year, the fall in the spot

3,500 rates are not a cause for concern as
$8,000
it is still holding up well compared
$6,000 2,500 to the falls that were seen last year.
$4,000
1,500 The Ukraine-Russia conflict will
$2,000 create some short term uncertainty,
with about 3-4% of total Asia-
$0 500
Europe volumes potentially at stake.
Jan 20
Feb 20
Mar 20
Apr 20
May 20
Jun 20
Jul 20
Aug 20
Sep 20
Oct 20
Nov 20
Dec 20
Jan 21
Feb 21
Mar 21
Apr 21
May 21
Jun 21
Jul 21
Aug 21
Sep 21
Oct 21
Nov 21
Dec 21
Jan 22
Feb 22
Mar 22

28/2/2022 ©LINERLYTICA 2022 7

 LINERLYTICA Transpacific Capacity Deployment Watch (FE-West Coast North America)
Far East-West Coast North America capacity by week
Capacity to the US West Coast remains
Actual TEU Ave. 4wks Scheduled TEU Ave. 4w (Proforma)
450,000 constrained and are 10.8% lower than the
same time last year.
400,000
However, more capacity will be available
350,000 from next week as vessels returning from
the congested West Coast ports will provide
Weekly capacity in TEU

300,000 some relief.

250,000 The improvements in the San Pedro (LA/LB)

congestion situation will be the key driver
200,000
behind any short term capacity increases,
before the next round of capacity
150,000
adjustments take place in April when the
100,000 restructured Alliance networks are
implemented.
50,000
Only the OCEAN Alliance and THE Alliance
0 have revealed their full network changes,
May 21

Jul 21
May 20

Jul 20

Sep 21

Jan 22

Mar 22
Jan 20

Mar 20
Apr 20

Sep 20
Feb 20

Jun 20

Oct 20
Nov 20

Aug 21
Aug 20

Jan 21

Mar 21
Apr 21

Apr 22
Feb 21

Jun 21

Oct 21
Nov 21
Dec 21

Feb 22
Dec 20

and further changes are expected to be

announced in the coming weeks.

Far East-West Coast North America : Capacity Share by Carrier

Weekly FE-WCNA weekly capacity in TEU

Capacity Change
capacity
share YoY 0 10,000 20,000 30,000 40,000 50,000
(TEU)
COSCO/OOCL 49,184 17.4% -17.3% COSCO/OOCL
MSC 45,964 16.2% 3.2% MSC
CMA CGM 39,446 13.9% -11.7% CMA CGM
Maersk 30,353 10.7% 43.3% Maersk
Evergreen 25,826 9.1% -12.8% Evergreen
ONE 22,441 7.9% -32.5% ONE
Yang Ming 13,712 4.8% -25.0% Yang Ming
HMM 8,760 3.1% -53.2% HMM
Matson 8,493 3.0% 20.2% Matson
Hapag-Lloyd 7,232 2.6% -46.2% Hapag-Lloyd
Wan Hai 6,745 2.4% -15.9% Wan Hai
ZIM 6,524 2.3% -29.0% ZIM
SM Line 6,294 2.2% -16.5% SM Line
China United Lines 2,632 0.9% China United Lines
Westwood Shipping 1,910 0.7% -10.1% Westwood Shipping
TS Lines 1,360 0.5% TS Lines
Transfar Shipping 1,185 0.4% Transfar Shipping
Sea-Lead Shipping 1,065 0.4% Sea-Lead Shipping
Pasha 759 0.3% 272.0% Pasha Alliance Independent
Others 3,049 1.1% Others
Total all carriers 282,934 100.0% -10.8%
Weekly capacity is based on average of capacity deployed over the last 13 weeks
Others include ad hoc sailings by DKT Allseas, BAL, Vasi, X-Press Feeders, CIMC, Swire, CEVA, Jinjiang Shipping and others/
Does not include capacity on non-cellular ships.

28/2/2022 ©LINERLYTICA 2022 8

 LINERLYTICA Transpacific Capacity Deployment Watch (FE-East Coast North America)

Far East-East Coast North America capacity by week

Actual TEU Ave. 4wks Scheduled TEU Ave. 4w (Proforma)
300,000 The diversion of capacity away from the
congested US West Coast ports have mostly
gone to the US East Coast, with average
250,000 weekly capacity up by 17.1% in the last
quarter compared to a year ago.
Weekly capacity in TEU

200,000 This increase has been the main reason

behind the increase in East Coast congestion.
There has been limited reductions in the
150,000
departures from Asia, although this has been
falling in the last 3 weeks due to the
bunching of ships arriving back from the US.
100,000

There are further capacity expansion on the

50,000
US East Coast planned in May, with the
launch several new all-water services from
the revamped alliance networks.
0
May 21

Jul 21
May 20

Jul 20
Aug 20

Mar 21

Sep 21

Jan 22

Mar 22
Apr 22
Jan 20

Mar 20
Apr 20

Sep 20

Jun 21

Oct 21
Nov 21

Feb 22
Feb 20

Jun 20

Oct 20
Nov 20

Aug 21
Jan 21

Apr 21
Feb 21

Dec 21
Dec 20

Far East-East Coast North America : Capacity Share by Carrier

Weekly FE-ECNA weekly capacity in TEU

Capacity Change
capacity
share YoY
(TEU) 0 10,000 20,000 30,000 40,000 50,000

Maersk 44,439 22.1% 7.6% Maersk

CMA CGM 34,863 17.3% 19.9% CMA CGM
COSCO/OOCL 23,406 11.6% -0.7% COSCO/OOCL
Evergreen 19,580 9.7% -3.8% Evergreen
ONE 17,655 8.8% -1.9% ONE
HMM 13,188 6.6% 30.6% HMM
ZIM 12,807 6.4% 31.0% ZIM
MSC 11,220 5.6% 68.2% MSC
Hapag-Lloyd 10,469 5.2% 116.5% Hapag-Lloyd

Wan Hai 7,014 3.5% Wan Hai

Yang Ming 5,435 2.7% -33.1% Yang Ming

Transfar Shipping 474 0.2% Transfar Shipping

BAL 376 0.2% BAL

Alliance Independent
CIMC 271 0.1% CIMC

Total all carriers 201,198 100.0% 17.1%

Weekly capacity is based on average of capacity deployed over the last 13 weeks
Does not include capacity on non-cellular ships.

28/2/2022 ©LINERLYTICA 2022 9

 LINERLYTICA Far East-North Europe Capacity Deployment Watch

Far East-North Europe capacity by week

Actual TEU Ave. 4wks Scheduled TEU Ave. 4w (Proforma) Average weekly capacity to North Europe is
400,000
1.8% higher compared to a year ago, with no
change in the Alliance networks over the last
350,000 12 months while only 2 new carriers have
entered the market, which is different from
300,000 the larger number of new carriers who are
crowding into the Transpacific markets.
Weekly capacity in TEU

250,000
The main capacity adjustments this year will
200,000 come from the addition of 1 new service by
Hapag-Lloyd in April, but the impact is
150,000
minimal as the independently operated
China-Germany Express service is expected
to deploy ships of less than 5,000 teu.
100,000

Weekly departures from Asia remain steady

50,000 and are mainly affected by delays in
European ports, with congestion remaining
0 an issue in all of the North European main
May 21

Jul 21
May 20

Jul 20

Sep 21

Mar 22
Jan 20

Mar 20
Apr 20

Sep 20
Feb 20

Jun 20

Oct 20
Nov 20

Aug 21
Aug 20

Jan 21

Mar 21
Apr 21

Apr 22
Feb 21

Jun 21

Oct 21

Jan 22
Nov 21
Dec 21

Feb 22
Dec 20

ports.

Far East-North Europe : Capacity Share by Carrier

Weekly FE-North Europe weekly capacity in TEU

Capacity Change
capacity
share YoY 0 10,000 20,000 30,000 40,000 50,000 60,000
(TEU)
Maersk 53,748 19.1% -14.9% Maersk

COSCO/OOCL 46,137 16.4% -6.0% COSCO/OOCL

CMA CGM 40,006 14.2% 2.8% CMA CGM

MSC 36,846 13.1% 16.3% MSC

Evergreen 36,368 12.9% 20.9% Evergreen

HMM 27,010 9.6% 28.0% HMM

ONE 22,552 8.0% -6.9% ONE

Hapag-Lloyd 9,759 3.5% -33.7% Hapag-Lloyd

Yang Ming 4,354 1.5% 101.0% Yang Ming

China United Lines 1,661 0.6% 699.1% China United Lines

Ellerman 1,406 0.5% Ellerman

Alliance Independent
Others 1,233 0.4% 85.2% Others

Total all carriers 281,080 100.0% 1.8%

Weekly capacity is based on average of capacity deployed over the last 13 weeks
Others include ad hoc sailings by Sea-Lead, DKT Allseas, X-Press Feeders, BAL and others

28/2/2022 ©LINERLYTICA 2022 10

 LINERLYTICA Far East-Mediterranean Capacity Deployment Watch

Far East-Mediterranean capacity by week

Actual TEU Ave. 4wks Scheduled TEU Ave. 4w (Proforma) Capacity to the Mediterranean is expected to
250,000
remain firm in the coming 4 weeks, with the
the Ukraine-Russia conflict not expected to
have an immediate impact on capacity
200,000 deployed on the trade.

All carriers have suspended bookings to

Weekly capacity in TEU

Ukraine, while a some carriers have also

150,000
limited bookings to Russia via Black Sea
gateways. Cargo that are already loaded will
be discharged at various Med ports, which
100,000 could create some short term pressure on
yard capacity in the coming weeks.

50,000
There will be 1 new Med service introduced in
April when ZIM revives its ZIM Med Pacific
pendulum service. The service will deploy 15
ships of up to 4,300 teu and will replace its
0 existing participation on the 2M services on
May 21
May 20

Jul 20

Sep 21
Sep 20
Jun 20

Nov 20

Jul 21
Aug 21
Aug 20

Jan 21

Mar 21
Apr 21
Jan 20

Mar 20
Apr 20

Feb 21

Jun 21

Jan 22

Mar 22
Apr 22
Oct 21
Nov 21
Dec 21

Feb 22
Feb 20

Oct 20

Dec 20

the Asia-Med route.

Far East-Mediterranean : Capacity Share by Carrier

Weekly FE-Mediterranean weekly capacity in TEU

Capacity Change
capacity
share YoY 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000
(TEU)
MSC 40,105 31.4% 1.3% MSC

CMA CGM 20,593 16.1% 11.9% CMA CGM

Hapag-Lloyd 17,254 13.5% -15.6% Hapag-Lloyd

Maersk 14,304 11.2% 10.6% Maersk

COSCO/OOCL 10,782 8.4% -29.3% COSCO/OOCL

ONE 9,198 7.2% 107.4% ONE

Yang Ming 7,601 5.9% -27.9% Yang Ming

Evergreen 6,516 5.1% -22.9% Evergreen

Sea-Lead Shipping 638 0.5% Sea-Lead Shipping

RIF Line 457 0.4% 7.7% ZIM

ZIM 327 0.3% RIF Line

Alliance Independent
Others 74 0.1% -80.7% Others

Total all carriers 127,848 100.0% -2.3%

Weekly capacity is based on average of capacity deployed over the last 13 weeks
Others include HMM and X-Press Feeders.

28/2/2022 ©LINERLYTICA 2022 11

 LINERLYTICA Transit Time Analysis

Transit times on the 4 main headhaul trades from Asia to North America and Europe saw some improvements in February but
remain well above their historical averages as congestion continues to hold up much of the cargo moving on these routes.

On the US West Coast, transit times to the Pacific Southwest ports improved slightly from its peak of 35 days last month to 32 days
due to the receding queues in LA/LB. Despite the improvement, transit times are still more than 2 times longer than the 14 days that
it took for ships on this corridor before the current congestion driven environment There were also small improvements on the
PNW, US East Coast and US Gulf Coast transit times that fell from their January peaks but it remains to be seen if these
improvements can be sustained.

Worsening congestion in North Europe has pushed up waiting times marginally on the Northern European loops, but UK ports saw
some improvements due partly to port omissions. The main improvements was recorded in the East Med, where waiting times at
Piraeus improved significantly from over 10 days to just 4 days currently.

Average transit times : Far East to West Coast North America Average transit times : Far East to East Coast North America
40 35
PNW ECNA
35 30
PSW USGC
30
25
Transit time (No. of days)

Transit time (No. of days)

25
20
20
15
15
10
10

5 5
Transit time based on days from last Asia port to first N. America port Transit time based on days from last Asia port to first N. America port
0 0
Jul-20

Sep-20

Jul-21

Sep-21
Feb-20

Apr-20

Dec-20

Feb-21

Apr-21

Dec-21

Feb-22
Jan-20

May-20
Jun-20

May-21
Aug-20

Oct-20
Nov-20

Jan-21

Jun-21

Aug-21

Oct-21
Nov-21

Jan-22
Mar-20

Mar-21
Apr-21
May-21

Aug-21
Mar-20

Oct-20
Nov-20
Feb-20
Apr-20

Oct-21
May-20

Sep-20

Mar-21

Nov-21
Jan-20

Jun-20
Jul-20

Feb-21

Sep-21
Jan-21

Jun-21
Jul-21

Feb-22
Jan-22
Aug-20

Dec-20

Dec-21

Average transit times : Far East to North Europe Average transit times : Far East to Mediterranean
35 35
North Europe West Med
30 30
UK East Med
25 25
Transit time (No. of days)

Transit time (No. of days)

20 20

15 15

10 10

5 5
Transit time based on days from last Asia port to first Europe port Transit time based on days from last Asia port to first Europe port
0 0
Apr-20

Oct-20

Oct-21
Mar-20

Jul-20

Sep-20

Mar-21

Jul-21

Sep-21

Dec-21
Feb-20

Dec-20

Feb-21

Apr-21
Jan-20

May-20
Jun-20

Aug-20

Nov-20

Jan-21

May-21
Jun-21

Aug-21

Nov-21

Feb-22
Jan-22

Sep-20

Sep-21
Feb-20

Apr-20

Dec-20

Feb-21

Apr-21

Dec-21
Aug-20

Oct-20

Aug-21

Oct-21
Nov-20

Nov-21

Feb-22
Mar-20

Jul-20

Mar-21

Jul-21
Jan-20

May-20
Jun-20

Jan-21

May-21
Jun-21

Jan-22

28/2/2022 ©LINERLYTICA 2022 12

 LINERLYTICA Top 50 Carriers as at 28 February 2022
Current Fleet Orderbook Current
% No. of share of
No. of Owned/ FL Owned/FL Chartered Chartered Orderbook Orderbook
Rank

Company Fleet TEU chartered ships on global liner

ships ships Fleet TEU ships Fleet TEU TEU %
(TEU) order fleet
1 MSC 654 4,301,897 377 2,651,336 277 1,650,561 38% 90 1,435,028 33% 17.0%
2 Maersk 739 4,301,145 363 2,719,292 376 1,581,853 37% 34 333,130 8% 17.0%
3 CMA CGM 575 3,256,477 229 1,925,798 346 1,330,679 41% 60 530,811 16% 12.8%
4 COSCO Group 483 2,921,950 244 2,111,786 239 810,164 28% 32 585,272 20% 11.5%
5 Hapag-Lloyd 249 1,744,945 113 1,069,767 136 675,178 39% 22 413,272 24% 6.9%
6 ONE 206 1,512,763 107 927,144 99 585,619 39% 40 551,398 36% 6.0%
7 Evergreen 201 1,476,574 150 1,133,665 51 342,909 23% 66 604,936 41% 5.8%
8 HMM 78 823,104 48 615,458 30 207,646 25% 12 156,000 19% 3.2%
9 Yang Ming 92 664,778 59 313,716 33 351,062 53% 5 58,570 9% 2.6%
10 ZIM 116 432,410 6 18,220 110 414,190 96% 41 350,936 81% 1.7%
11 Wan Hai 146 410,261 90 260,199 56 150,062 37% 42 254,530 62% 1.6%
12 PIL 85 269,237 81 248,410 4 20,827 8% 2 28,800 11% 1.1%
13 KMTC 70 159,293 35 90,941 35 68,352 43% 0 0 0% 0.6%
14 SITC 101 151,142 77 119,365 24 31,777 21% 32 57,496 38% 0.6%
15 Unifeeder/DPW 101 150,606 2 3,292 99 147,314 98% 0 0 0% 0.6%
16 X-Press Feeders 92 145,535 34 64,459 58 81,076 56% 25 108,860 75% 0.6%
17 IRISL 31 142,470 27 84,438 4 58,032 41% 0 0 0% 0.6%
18 Zhonggu Logistics 95 121,560 30 66,051 65 55,509 46% 20 87,940 72% 0.5%
19 TS Lines 56 111,542 26 65,839 30 45,703 41% 26 80,768 72% 0.4%
20 Sinokor 72 104,584 55 82,865 17 21,719 21% 24 46,816 45% 0.4%
21 Antong Holdings 73 89,356 45 69,079 28 20,277 23% 0 0 0% 0.4%
22 Sea-Lead Shg 25 88,638 1 6,882 24 81,756 92% 0 0 0% 0.3%
23 China United Lines 33 83,037 2 1,967 31 81,070 98% 10 31,920 38% 0.3%
24 RCL 40 73,003 35 58,501 5 14,502 20% 0 0 0% 0.3%
25 Matson 26 69,214 17 41,750 9 27,464 40% 0 0 0% 0.3%
26 Global Fdr Shg 22 67,566 16 47,701 6 19,865 29% 0 0 0% 0.3%
27 SM Line 12 63,025 8 33,298 4 29,727 47% 0 0 0% 0.2%
28 Arkas / EMES 32 53,010 31 50,518 1 2,492 5% 0 0 0% 0.2%
29 NBOSCO 61 52,904 22 28,770 39 24,134 46% 9 18,850 36% 0.2%
30 Emirates Shg 11 50,908 1 2,518 10 48,390 95% 0 0 0% 0.2%
31 Swire Shg 31 48,932 27 44,248 4 4,684 10% 0 0 0% 0.2%
32 Grimaldi 34 48,250 34 48,250 0 0 0% 6 12,000 25% 0.2%
33 Sinotrans 40 47,995 23 26,282 17 21,713 45% 6 11,800 25% 0.2%
34 Interasia 19 47,257 9 19,182 10 28,075 59% 0 0 0% 0.2%
35 Meratus Line 55 37,835 55 37,835 0 0 0% 2 3,600 10% 0.1%
36 Samudera 30 36,257 6 5,099 24 31,158 86% 0 0 0% 0.1%
37 SPIL 55 35,753 55 35,753 0 0 0% 0 0 0% 0.1%
38 Seaboard Mar. 22 34,506 6 9,327 16 25,179 73% 3 10,500 30% 0.1%
39 Tanto Intim 53 34,216 53 34,216 0 0 0% 0 0 0% 0.1%
40 SIPG Logistics 42 33,868 35 24,980 7 8,888 26% 4 7,472 22% 0.1%
41 Trawind Shipping 17 31,638 10 21,641 7 9,997 32% 0 0 0% 0.1%
42 BAL Container Line 8 28,685 2 2,324 6 26,361 92% 0 0 0% 0.1%
43 Namsung Shg 25 27,926 21 24,838 4 3,088 11% 6 11,462 41% 0.1%
44 Messina Line 10 24,360 4 11,680 6 12,680 52% 0 0 0% 0.1%
45 Transfar Shipping 8 23,198 0 0 8 23,198 100% 0 0 0% 0.1%
46 Great White Fleet 10 22,924 4 9,238 6 13,686 60% 0 0 0% 0.1%
47 Temas Line 41 20,721 41 20,721 0 0 0% 0 0 0% 0.1%
48 Pasha 9 19,196 6 11,520 3 7,676 40% 2 5,050 26% 0.1%
49 FESCO 15 19,163 12 13,944 3 5,219 27% 0 0 0% 0.1%
50 Saltchuk 19 15,600 19 15,600 0 0 0% 0 0 0% 0.1%

28/2/2022 ©LINERLYTICA 2022 13

 LINERLYTICA Top 50 Carriers as at 28 February 2022

Top 50 Carriers : Capacity Deployment Profile by Trade

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

MSC 18% 24% 4% 18% 4% 9% 13% 2% 7% 2%

Maersk 22% 23% 2% 19% 4% 11% 10% 5% 3% 1%
CMA CGM 25% 23% 1% 16% 7% 9% 8% 5% 5% 2%
COSCO Group 26% 25% 2% 9% 5% 3% 11% 15% 2% 2%
Hapag-Lloyd 14% 23% 11% 25% 3% 4% 16% 2% 2%
ONE 34% 25% 4% 12% 3% 4% 7% 7% 1% 2%
Evergreen 32% 37% 1% 8% 1%1% 6% 12% 1% 2%
HMM 32% 50% 6% 1% 5% 4% 1%
Yang Ming 47% 20% 2% 2% 19% 9% 1% 1%
ZIM 50% 9% 1% 9% 8% 10% 6% 7%
Wan Hai 40% 16% 14% 29% 1%
PIL 25% 10% 33% 24% 7% 1%
KMTC 36% 64%
SITC 2% 93% 4%
Unifeeder/DPW 52% 46% 2%
X-Press Feeders 1% 13% 6% 47% 11% 21% 1%
IRISL 2% 79% 20%
Zhonggu Logistics 90% 10%
TS Lines 9% 34% 18% 38%
Sinokor 21% 72% 7%
Antong Holdings 95% 5%
Sea-Lead Shg 41% 16% 37% 1%1% 4%
China United Lines 41% 31% 12% 15% 1%
RCL 50% 47% 4%
Matson 69% 3% 21% 7%
Global Fdr Shg 94% 6%
SM Line 96% 4%
Arkas / EMES 16% 77% 7%
NBOSCO 99% 1%
Emirates Shg 15% 85%
Swire Shg 5% 92% 3%
Grimaldi 39% 5% 54% 2%
Sinotrans 12% 71% 17%
Interasia 57% 43%
Meratus Line 100%
Samudera 36% 64%
SPIL 100%
Seaboard Mar. 100%
Tanto Intim 100%
SIPG Logistics 10% 89% 1%
Trawind Shipping 100%
BAL Container Line 41% 32% 24% 2%
Namsung Shg 100%
Messina Line 24% 72% 4%
Transfar Shipping 100%
Great White Fleet 100%
Temas Line 98% 2%
Pasha 40% 46% 14%
FESCO 100%
Saltchuk 60% 40%

Transpacific Asia-Europe Transatlantic LTAM Oceania Africa ISC/ME Intra-Asia Intra-Europe Intra-N Am. Others

28/2/2022 ©LINERLYTICA 2022 14

 LINERLYTICA Global Containership Deployment Breakdown as at 28 Feb 2022
Average
Ships TEU
TEU Deployment breakdown by vessel count
Asia-Europe 344 5,442,030 15,820
Far East-Med 117 1,595,593 13,638 0 500 1,000 1,500 2,000
Far East-North Europe 227 3,846,437 16,945 Asia-Europe 5.9%
Transpacific 695 5,734,590 8,251 Transpacific 11.9%
Far East-East Coast North America 287 2,640,165 9,199 Transatlantic 2.2%
Far East-West Coast North America 408 3,094,425 7,584
ME/ISC 11.2%
Transatlantic 131 698,438 5,332
Latin America 11.4%
Med-North America 66 357,094 5,411
North Europe-North America Africa 7.5%
65 341,344 5,251
Middle East/Indian Subcontinent 654 3,071,797 4,697 Oceania 4.6%

North America-ME/ISC 63 447,378 7,101 Intra-Far East 31.0%

Europe-ME/ISC 105 751,646 7,159 Intra-Europe 10.7%

Far East-Middle East 99 740,050 7,475 Intra-N. America 0.3%
Far East-Indian Subcontinent 157 690,156 4,396 Tramp Trades 0.0%
Far East-Bengal 73 130,222 1,784 Drydocked 2.6%
ISC-Bengal 16 24,510 1,532 Idle/Casualties 0.5% As % of total fleet
Intra-ISC 28 53,105 1,897
Intra-ME 77 130,232 1,691
ME-ISC 36 104,498 2,903 Deployment breakdown by vessel capacity
Latin America 666 3,457,538 5,191
Far East-Latin America
Capacity in TEU Millions
192 1,648,025 8,583
North America-Latin America 190 473,091 2,490 0.00 1.00 2.00 3.00 4.00 5.00 6.00
Europe-Latin America 170 1,082,779 6,369 Asia-Europe 21.6%
Intra-Latin America 114 253,643 2,225 Transpacific 22.7%
Africa 439 1,581,744 3,603
Transatlantic 2.8%
Far East-Africa 160 794,236 4,964
ME/ISC 12.2%
Europe-Africa 151 492,224 3,260
Americas-Africa 19 42,793 2,252 Latin America 13.7%

Africa-ME/ISC 66 193,945 2,939 Africa 6.3%

Intra-Africa 43 58,546 1,362 Oceania 4.0%

Oceania 269 1,012,461 3,764 Intra-Far East 10.7%
Europe-ANZ 25 156,162 6,246 Intra-Europe 4.0%
Far East-ANZ 155 689,427 4,448 Intra-N. America 0.1%
Far East-South Pacific 33 45,298 1,373 Tramp Trades 0.0%
North America-Oceania 23 84,110 3,657
Drydocked 1.7%
Intra Oceania 33 37,464 1,135
Idle/Casualties 0.2% As % of total fleet
Intra-Far East 1,812 2,689,505 1,484
North Asia-Southeast Asia 600 1,361,666 2,269
Intra-North Asia 308 333,669 1,083
Intra-Southeast Asia 173 259,296 1,499
Russia Far East 49 64,803 1,323 Average vessel size by trade
Domestic - Japan 43 8,981 209 Vessel size in TEU
Domestic - China 375 504,444 1,345 0 5,000 10,000 15,000
Domestic - Philippines 31 15,492 500
Domestic - Vietnam 20 13,532 677 Asia-Europe 15,820

Domestic - Malaysia 16 11,353 710 Transpacific 8,251

Domertic - Indonesia 197 116,269 590 Transatlantic 5,332
Intra-Europe 624 1,009,735 1,618 ME/ISC 4,697
Intra-Iberia 49 48,332 986 Latin America 5,191
Intra-Med 273 404,454 1,482 Africa 3,603
Intra-North Europe 247 290,894 1,178 Oceania 3,764
North Europe-Med 55 266,055 4,837
Intra-Far East 1,484
Intra-North America 19 37,593 1,979
Intra-Europe 1,618
Jones Act 16 35,030 2,189
Canada Intra-N. America 1,979
3 2,563 854
Tramp Trades 2 627 314 Tramp Trades 314

Drydocked 152 435,383 2,864 Drydocked 2,864

Idle/Casualties 29 60,982 2,103 Idle/Casualties 2,103

Total All Containerships 5,836 25,232,422 4,324

28/2/2022 ©LINERLYTICA 2022 15

 Ready to subscribe?
LINERLYTICA Visit [Link] Weekly News Briefs

ZIM to push ahead with its revived ZMP service in April

Zim has unveiled its new ZIM MED PACIFIC (ZMP) pendulum service that will connect the Asia-PNW and Asia-East Med
trade.

The ZMP will start on 1 April and will call at Busan, Vancouver, Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Port
Klang, Haifa, Ambarli, Izmit, Port Klang, Cai Mep, Dachan Bay, Yantian, Xiamen, Ningbo, Shanghai, Busan.

It will deploy 15 ships of 3,400 to 4,300 teu and replaces ZIM’s current participation on the 2M services covering the ‘TP-
8/Orient’ service to PNW and the AE-12/Phoenix and AE-15/Tiger services to the East Med.

The cooperation on the PNW and East Med will be terminated at the end of March, but the separate ZIM/2M alliance
partnership on the Asia-US East Coast/Gulf Coast trades will be renewed. The new agreement is expected to be
concluded shortly and will effective on 1 April 2022. The partnership was first launched in September 2018
.
Hapag-Lloyd/ONE/ZIM split Asia-East Africa service in new partnership with PIL
Hapag-Lloyd, ONE and ZIM will upgrade their jointly operated Asia-East Africa service (EA3/EAF/CEA) by splitting it into 2
weekly services that will serve Mombasa and Dar Es Salaam separately. The service will incorporate PIL's independently
operated EAS service in a new 4-carrier partnership.

The Mombasa loop (EAS3/EA3/EAS) will start on 13 March 2022 and call at Qingdao, Shanghai, Ningbo, Nansha,
Singapore, Port Klang, Mombasa, Port Klang, Singapore, Nansha, Qingdao.

The Dar Es Salaam loop (EAS4/EA4/EA3) will start on 10 March 2022 and call at Shanghai, Ningbo, Nansha, Singapore,
Port Klang, Dar Es Salaam, Port Klang, Singapore, Shanghai.

The 2 new loops will replace the current EA3/EAF/CEA service that calls at Shanghai, Ningbo, Nansha, Singapore, Port
Klang, Mombasa, Dar Es Salaam, Port Klang, Singapore, Shanghai using 7 ships of 2,600 to 2,800 teu. The service was
launched in April 2021 with Hapag-Lloyd and ONE contributing 2 ships each while ZIM currently operates 3 ships on this
loop.

It also replaces PIL's EAS service that calls Qingdao, Shanghai, Ningbo, Nansha, Singapore, Mombasa, Dar es Salaam,
Singapore, Nansha, Qingdao that uses 7 PIL ships of 2,750 to 3,560 teu.

CNC to take slots on 2 of ASL’s South China-Vietnam services

Asean Seas Lines will revise 2 of its South China to Central and Northern Vietnam services, with CNC taking slots.

The Hong Kong Danang Service (HDS) will start on 28 February 2022 and call at Hong Kong, Shekou, Nansha, Danang,
Hong Kong with the 357 teu HUA KAI. The Hong Kong Haiphong Express 5 (HHX5) will start from 7 March 2022 and call at
Qinzhou, Hong Kong, Nansha, Haiphong, Qinzhou with the 599 teu FAR EAST CHEER.

28/2/2022 ©LINERLYTICA 2022 16

 Ready to subscribe?
LINERLYTICA Visit [Link] Weekly News Briefs

Summary of forthcoming service launches

Service Name Operator Route Rotation Ships deployed Launch Date

C3A ZIM N Asia-Australia Xingang, Dalian, Qingdao, Busan, Ningbo, Sydney, Melbourne, 7 x 1,700-2,700 teu 28 Feb 2022
Brisbane, Xingang
SAE/CA2 PIL/TSL/YM/Sea-Lead China-Australia Qingdao, Shanghai, Nansha, Shekou, Sydney, Melbourne, 6 x 2,600-5,000 teu 10 Mar 2022
Brisbane, Qingdao
TP28 Maersk Far East-US Gulf Cai Mep, Yantian, Ningbo, Shanghai, Houston, Norfolk, Cai 11 x 4,500 teu 23 Mar 2022
Mep
ZMP ZIM Med-Asia-PNW Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Port Klang, 15 x 3,400-4,300 teu 1 Apr 2022
Haifa, Ambarli, Izmit, Port Klang, Cai Mep, Dachan Bay,
Yantian, Xiamen, Ningbo, Shanghai, Busan, Vancouver, Busan
CGX Hapag-Lloyd China-Germany Dachan Bay, Hamburg TBN Early April 2022

FE5 THE Alliance SE Asia-N. Europe Laem Chabang, Cai Mep, Singapore, Colombo, Rotterdam, 11 x 14,000 teu Early April 2022
Hamburg, Antwerp, London Gateway, Jeddah, Singapore,
Laem Chabang

PS7 THE Alliance Far East-PSW Singapore, Laem Chabang, Cai Mep, 2 South PRC ports, Los 7 x 14,000 Early April 2022
Angeles or Long Beach, Oakland, South PRC, Singapore
PSW11/SEAX/PCSX OCEAN Alliance Far East-PSW Shanghai, Fuzhou, Xiamen, Yantian, Long Beach, Shanghai 6 x 12,000 teu Early April 2022

PSW12/CENX/PCN2 OCEAN Alliance Far East-PNW Qingdao, Shanghai, Prince Rupert, Qingdao 5 x 4,000 teu Early April 2022

USEC8/CBX/AWE7/ECC3 OCEAN Alliance Far East-USEC Yantian, Ningbo, Shanghai, Busan, Norfolk, Savannah, 10 x 11,400 teu Early April 2022
Charleston, Miami, Yantian

SCFI : Shanghai to Melbourne

5,000 Spot freight rates on the China-Australia route could come under pressure in
4,500 the next few weeks with the launch of 2 new services that are aimed at
4,000 capitalizing on the lucrative rates on this route.
3,500
3,000 The North China Australia Express (C3A) starts from this week, with 7 ships of
2,500
1,700 to 2,700 teu deployed. It follows the China Australia Express (CAX)
launched in October 2020 and the China-Australia 2nd Express (C2A) in
2,000
December 2020.
1,500
1,000 This will be followed by the planned launch of the new SAE/CA2 service by
$/TEU

500 PIL, TSL, Yang Ming and Sea-Lead in what is becoming a crowded market
0 place, even as congestion at the 2 main Australian ports of Melbourne and
Jan-22
Jan-17

Jan-20
Jan-13

Jan-15
Jan-16

Jan-19
Jan-11

Jan-14

Jan-18

Jan-21
Jan-12
Jan-09
Jan-10

Sydney are worsening.

Ready to subscribe? Visit : [Link]/subscription/

Weekly Market Pulse: US$1,200 per year (discount until end of March). Full price US$1,500 per year

28/2/2022 ©LINERLYTICA 2022 17