7m keo nha caiNews Highlights week: 03 - 2023

ZIM also participates in this service and its uses 7m keo nha cai same ‘CT3’ brand name.
GSL now expands 7m keo nha cai ‘CT3’ to include North China and Cambodia at 7m keo nha cai expense of Xiamen in South China and of 7m keo nha cai loop’s southbound call at Laem Chabang in Thailand.
Starting with 7m keo nha cai departure of 7m keo nha cai 1,762 teu MTT SANDAKAN from Xingang on 14 January, 7m keo nha cai expanded ‘CT3’ will turn in four weeks instead of its original three weeks.

7m keo nha cai loop henceforth will offer weekly calls at Xingang, Dalian, Qingdao, Shanghai, Ningbo, Nansha, Sihanoukville, Bangkok, Laem Chabang, Haiphong, Yantian, Nansha, Xingang. Its uses a fleet of four 1,700 - 1,900 teu ships.
This updated ‘CT3’ allows Gold Star Line to serve Sihanoukville, 7m keo nha cai main gateway into Cambodia, with its own tonnage. Previously, GSL only covered this port through ad hoc local feeders.
Asia-Europe: 27% of sailings axed in first seven weeks of 2023
7m keo nha cai three big carrier alliances plan to skip 27% of their originally scheduled Asia – Europe sailings in 7m keo nha cai first seven weeks of this year.
Under normal circumstances, 7m keo nha cai shipping lines’ 18 Far East - North Europe and ten Far East - Med loops should have offered a total of 196 sailings in 7m keo nha cai period from 1 January to 17 February. This is however not 7m keo nha cai case.
Based on 7m keo nha cai observed actual sailings in 7m keo nha cai first weeks of this year, as well as published forward schedules for 7m keo nha cai upcoming weeks, it appears that 53 of these planned voyages have been axed due to a lack of cargo demand. This number could still increase if 7m keo nha cai carriers decide to blank further sailings after 7m keo nha cai week-long Chinese New Year Holidays, which will start on 21 January.
It has become a general practice for container lines to ‘void’ sailings in 7m keo nha cai calm weeks after 7m keo nha cai Chinese New Year. In contrast to this, 7m keo nha cai weeks before 7m keo nha cai holidays typically saw a small export rush from China, as cargo is shipped out before 7m keo nha cai factories close and productions comes to a near standstill.
Despite 7m keo nha cai fact that some newcomers such as CULines and Allseas have dropped out of 7m keo nha cai Asia – Europe trades already, 7m keo nha cai big carriers this year nevertheless reduced 7m keo nha cai number of westbound departures ahead of 7m keo nha cai holiday.
Alphaliner counted 69 ships that started a round voyage to North Europe or 7m keo nha cai Mediterranean in their first Far Eastern load port between 1 and 20 January. Under a ‘normal’ schedule, 7m keo nha cai number of sailings on alliance loops in this period should have reached 84 westbound departures.
According to preliminary figures from Container Trades Statistics, cargo volumes between Asia and Europe fell by 18.4% in November, following an even bigger drop of 25.9% in October.

7m keo nha cai blanking of sailings before 7m keo nha cai Lunar New Year Holidays now shows that cargo demand out of Asia has not yet recovered.
This represents a 29% reduction in 7m keo nha cai number of 2M sailings in 7m keo nha cai first seven weeks of 7m keo nha cai year. Counting also Asia – Med departures, 7m keo nha cai 2M offers 24% fewer westbound trips in 7m keo nha cai Asia – Europe trade. 7m keo nha cai OCEAN Alliance has made similar efforts, by reducing 7m keo nha cai number of westbound voyages by 23%. 7m keo nha cai COSCO-operated Far East – North Europe loop ‘AEU7’ loop (aka OCEAN’s ‘NEU3’) is 7m keo nha cai worst affected. Its schedule shows only three departures from Xiamen in 7m keo nha cai first seven weeks, namely on 5 January, 18 January and 8 February.
Our chart on page one illustrates that 7m keo nha cai Alliance has been most active carrier group when it comes to limiting 7m keo nha cai number of sailings from 7m keo nha cai Far East to Europe.
THEA’s 36% reduction in sailings is partly due to 7m keo nha cai fact that Hapag Lloyd, HMM, ONE and Yang Ming divert more North Europe to Asia backhaul sailings from 7m keo nha cai Suez Canal to 7m keo nha cai Cape of Good Hope route than other carriers. This detour adds two weeks of steaming to 7m keo nha cai trip and it therefore leads to later vessel arrivals back in China.
7m keo nha cai big carriers do not only skip sailings to adjust capacity supply to 7m keo nha cai lower cargo demand, but also to avoid a further erosion of spot ocean freight rates from China.
So far however, this capacity management has not helped much to lessen 7m keo nha cai downward pressure on rates. Spot freight rates from Shanghai to North Europe fell slightly to USD 2,040 per feu last week, according to 7m keo nha cai Shanghai Containerized Freight Index. Spot rates have thus returned to 7m keo nha cai levels seen in September 2020.