xem keo nha caiNews Highlights week: 24 - 2023

xem keo nha cai ‘BDX’, which was initially launched in December 2021, is closing this month with a last sailing of xem keo nha cai 848 teu PACIFIC GRACE from Nansha on 5 June. This loop used to provide ASL with a weekly connection between Hong Kong, Shekou and Nansha, with Haiphong and Da Nang.

In accommodating xem keo nha cai additional calls at Nansha, Shekou, Haiphong, Da Nang and Hong Kong, xem keo nha cai revised ‘NPX2’ has extended its turnaround time from two to three weeks.
xem keo nha cai updated ‘NPX2’ now operates three 600 -1,100 teu ships serving Qingdao, Shanghai, Manila (S), Nansha, Shekou, Haiphong, Da Nang, Nansha, Hong Kong, Qingdao. xem keo nha cai 1,078 teu DANUM 168 was xem keo nha cai first ship that followed xem keo nha cai expanded rotation of xem keo nha cai ‘NPX2’ with its departure from Qingdao on 5 June.
At xem keo nha cai same time, ASL is ending its standalone South China – Southern Vietnam ‘BHX’ loop. This South China - Southern Vietnam segment will be covered by xem keo nha cai recently improved South China-VietnamPhilippines ‘SVP’ service, offered in partnership with Emirates Shipping Lines (ESL) and Pacific International Lines (PIL) (see NL 2023 - 22). Besides extending xem keo nha cai 'SVP' to South China at xem keo nha cai expense of Cebu in xem keo nha cai Philippines, ASL is also upgrading from a slot operator to a vessel provider.
Charter market not on holiday yet!
xem keo nha cai container charter market appeared at first glance a little quieter in xem keo nha cai past two weeks giving xem keo nha cai impression that an (early) summer lull was already taking its toll on xem keo nha cai activity. However, there has been a lot happening behind closed doors with multiple deals concluded in xem keo nha cai larger sizes including for newbuildings. This high activity is obviously supporting charter rates which remain very healthy for big ships, particularly for long periods.
By contrast demand for smaller tonnage seems to be running out of steam, with charter rates showing a slight contraction in xem keo nha cai 2,000- 2,699 teu and 1,000-1,249 teu sizes, particularly for older standard tonnage.

Across xem keo nha cai board there is increasingly a two-tier market with on xem keo nha cai one hand, much sought-after modern, energy efficient, ‘CII-friendly’ tonnage that gets fixed at continuously strong rates and, on xem keo nha cai other hand, older, less energy-efficient ships that have to accept less favourable terms. This trend will become more and more marked in xem keo nha cai coming years, ultimately forcing xem keo nha cai retirement of xem keo nha cai least efficient ships, especially as overcapacity makes its comeback.
On xem keo nha cai cargo front, xem keo nha cai news is mixed. Signs that volumes have been picking up on a number of key routes in xem keo nha cai past weeks is bringing back optimism among carriers. xem keo nha cai peak cargo season could therefore be slightly better than expected, which would obviously help absorb xem keo nha cai continued influx of newbuilding tonnage. On xem keo nha cai other hand, cargo freight rates remain far too low, forcing shipping lines to run at a loss on many routes. Labor issues on xem keo nha cai US West Coast and draft restrictions at xem keo nha cai Panama Canal have been pushing rates up a bit, but this is clearly only a temporary fix. xem keo nha cai fact is that too much newbuilding capacity continues to plague xem keo nha cai market and contributes to keeping cargo rates at unsatisfactory levels. A lot moreslow steaming and ship scrapping is therefore needed to see xem keo nha cai market durably recover.