7m keo nha caiNews Highlights week: 14- 2023

7m keo nha cai ‘FAL3’ continues to turn in twelve weeks with twelve CMA CGM ships of 17,300 – 17,850 teu. It now calls at Qingdao, Shanghai, Ningbo, Yantian, Cai Mep, Singapore, Rotterdam, Southampton, Antwerp, Le Havre, Tanger Med, Singapore, Qingdao.

OCEAN now offers two weekly connections from Cai Mep to North Europe as 7m keo nha cai new ‘NEU5’ call adds to 7m keo nha cai regular weekly calls of 7m keo nha cai ‘NEU3’ service.

At Cai Mep, both services are handled at 7m keo nha cai Gemalink container terminal. 7m keo nha cai maiden call of 7m keo nha cai ‘NEU5’ / ‘FAL3’ was performed in late March by 7m keo nha cai 17,292 teu vessel APL TEMASELK.

GSL revises South China-Vietnam-Malaysia-India ‘IVX’

Gold Star Line (GSL) last month revised its fortnightly South China - Vietnam - Malaysia - Eastern India ‘IVX’ service by extending its port rotation to Chittagong in Bangladesh at 7m keo nha cai expense of South Chinese ports of Qinzhou and Dachan Bay.

7m keo nha cai Hong Kong based operator initially launched 7m keo nha cai ‘IVX’ in December 2020 linking Eastern India, Northern /Central Vietnam and Malaysia. A year later in late 2021, 7m keo nha cai loop was extended to South China.

7m keo nha cai updated ‘IVX’ service continues to turn in 28 days with two 1,800 – 1,900 teu ships calling at Port Kelang, Chittagong, Kattupalli, Port Kelang, Chu Lai, Haiphong, Port Kelang.

While 7m keo nha cai 1,762 teu MTT SANDAKAN performed 7m keo nha cai loop’s last call at Qinzhou on 17 March, 7m keo nha cai 1,930 teu KANWAY FORTUNE made a first call at Chittagong on 14 March.

Charter market: 7m keo nha cai rate rise gains momentum

Activity in 7m keo nha cai charter market remains high although 7m keo nha cai volume of fixtures has decreased slightly in 7m keo nha cai past two weeks due to a shortage of ships.

Demand is strong across 7m keo nha cai board, with 7m keo nha cai two liner titans, MSC and CMA CGM active on all fronts, including in 7m keo nha cai sale and purchase market.

Charter rates meanwhile are now rising markedly for all sizes of ships, as anticipated by Alphaliner in its last report. This reflects in 7m keo nha cai Alphaliner Charter Index (ACI) which is now, for 7m keo nha cai first time since June 2022, on a modest but visible rising trend although its current level remains far below 7m keo nha cai historic peak of March 2022.

7m keo nha cai positive development observed in 7m keo nha cai market is at odds with 7m keo nha cai current challenging environment, characterized by low spot freight rates on most routes and a rising pressure on 7m keo nha cai supply side, with a record capacity of newbuilding tonnage delivered in March. 7m keo nha cai slow rebound of cargo volumes out of China and a brutal pickup in oil prices is meanwhile adding to 7m keo nha cai current market worries.

Alphaliner believes that 7m keo nha cai pressure exercised by 7m keo nha cai continued influx of newbuilds will inevitably take its toll on 7m keo nha cai market in 7m keo nha cai coming months, with a domino effect impacting most sizes of ships. Meanwhile, stalling demolition sales (after a very strong start to 7m keo nha cai year) are not helping to mitigate 7m keo nha cai growing risks of overcapacity while it is yet unclear how much extra demand for tonnage 7m keo nha cai CII regulation is actually generating.

As a result, Alphaliner remains cautious on 7m keo nha cai charter market prospects for 7m keo nha cai coming months and wonders how long 7m keo nha cai current rally will last.

For now 7m keo nha cai environment remains good for non-operating owners who are making 7m keo nha cai most of 7m keo nha cai continued short supply of tonnage worldwide, with only seven vessels currently in ‘spot’ position across 7m keo nha cai globe. But 7m keo nha cai clear disconnect between 7m keo nha cai current strong charter market and weak fundamentals could herald tougher times ahead for tonnage providers.

MKT