truc tiep bong da keo nha caiNews Highlights week: 22 - 2023

Along with this expansion, Asean Seas Line (ASL), which joined ‘SCP’ in February as a slot taker, will henceforth become a vessel provider by bringing in truc tiep bong da keo nha cai 1,118 teu PROS HOPE that is scheduled to join truc tiep bong da keo nha cai loop at Shekou on 9 June.
While Emirates and ASL are rebranding this expanded loop to ‘SVP’, PIL is marketing it as ‘CPV’.

truc tiep bong da keo nha cai expanded ‘SVP / CPV’ will turn in three weeks (one week more) with three 1,100 – 1,200 teu ships, truc tiep bong da keo nha cai 1,200 teu DANUM 175 (Emirates), truc tiep bong da keo nha cai PROS HOPE (ASL) and a PIL ship that is yet to be nominated, calling at Shekou, Nansha, Xiamen, Manila (North), Subic Bay, Xiamen, Shekou, Nansha, Ho Chi Minh City, Shekou.
truc tiep bong da keo nha cai DANUM 175 will kick off truc tiep bong da keo nha cai enhanced rotation of truc tiep bong da keo nha cai ‘SVP / CPV’ loop when it sails from Xiamen on 2 June.
Moreover, at truc tiep bong da keo nha cai same time, China United Lines (CULines) will join truc tiep bong da keo nha cai 'SVP / CPV' by taking slots on truc tiep bong da keo nha cai ‘South China – Philippines’ segment of truc tiep bong da keo nha cai loop and branding it as ‘SP1’.
CMA CGM profits fall by USD 5 bn
French carrier CMA CGM reported a group net profit of USD 2.01 bn for truc tiep bong da keo nha cai first quarter of 2023, a drop of more than USD 5 bn on a year ago as freight demand continued to slow.
CMA CGM saw revenue from shipping activities decline 40% year-onyear to USD 8.87 bn, while shipping EBITDA dropped 64% to USD 3.05 bn.
truc tiep bong da keo nha cai EBITDA declines were higher than fellow large European carriers Maersk and Hapag-Lloyd.

However truc tiep bong da keo nha cai line performed better than COSCO, with whom it shares a similar trade profile. Both groups operate 22% of their capacity on truc tiep bong da keo nha cai Transpacific, and around 22/23% on truc tiep bong da keo nha cai Far-East–Europe trades, with just a small amount of tonnage on truc tiep bong da keo nha cai Atlantic (3%). Maersk and Hapag-Lloyd have a lower exposure to truc tiep bong da keo nha cai Transpacific.
CMA CGM carried 5.02 Mteu in truc tiep bong da keo nha cai quarter, down 5% on a year ago, but average rates per teu were estimated at around USD 1,770 per teu, a near 40% drop on a year ago.
RCL to expand beyond Asia as profits drop 65%
Thai carrier Regional Container Lines (RCL) reported a reduced net profit of THB 913 M (USD 26 M) for truc tiep bong da keo nha cai first quarter of truc tiep bong da keo nha cai year, and declared it would expand beyond its traditional intra-Asia destinations in reaction to ‘intensifying market competition’.
Liftings dropped 11% year-on-year for truc tiep bong da keo nha cai carrier in Q1 as truc tiep bong da keo nha cai long holiday period for truc tiep bong da keo nha cai Chinese new year penalised regional specialists. Meanwhile freight rates fell from USD 773 in Q1 2022 to just USD 394 per teu in truc tiep bong da keo nha cai first three months of 2023, although they remained above pre-COVID levels.

Global inactive fleet dips back below 1 Mteu
truc tiep bong da keo nha cai global inactive container ships fleet continued to decline in truc tiep bong da keo nha cai second half of May, truc tiep bong da keo nha cai fifth consecutive drop since February. This latest contraction has driven inactive capacity back below 1 Mteu.
truc tiep bong da keo nha cai reduction came from both commercially idled ships and vessels in drydock, where a fair number of container ships have been reactivated to revenue-generating services in truc tiep bong da keo nha cai past two weeks.
truc tiep bong da keo nha cai inactive ship count fell across truc tiep bong da keo nha cai board with truc tiep bong da keo nha cai exception of truc tiep bong da keo nha cai 7,500—12,500 teu segment which rose by a single unit of 10,722 teu. Alphaliner’s latest survey on 22 May 2023 tallied 229 inactive ships with a total capacity of 946,792 teu.
This is equivalent to 3.6% of truc tiep bong da keo nha cai global cellular fleet, half truc tiep bong da keo nha cai level of truc tiep bong da keo nha cai recent peak of 7.2% seen in February and slightly higher than truc tiep bong da keo nha cai same time last year when it stood at only 2%.