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PostHeaderIcon UASC sets record load of 18,601-TEU on board 18,800-TEU Al Muraykh

DUBAI's United Arab Shipping Company (UASC) has achieved a record breaking load of 18,601 TEU, 98.9 per cent capacity aboard the 18,800-TEU Al Muraykh, one of the world's three greenest vessels.


UASC sets record load of 18,601-TEU on board 18,800-TEU Al Muraykh

DUBAI's United Arab Shipping Company (UASC) has achieved a record breaking load of 18,601 TEU, 98.9 per cent capacity aboard the 18,800-TEU Al Muraykh, one of the world's three greenest vessels.

The ultra-large container vessel departed Port Klang in Malaysia bound for Felixstowe as part of AEC1 service carrying 18,601 TEU. 

"This unprecedented westbound shipment has decreased the CO2 output per TEU. It is set to be more than 60 per cent lower if the same containers were shipped on board a 13,500-TEU ship," the company said.

The containers on board were loaded by the shipping line and its partners in the Ocean Three alliance, which comprises CMA CGM, CSCL and UASC.

 

PostHeaderIcon Capacity cuts fail to reverse slump in freight rates

THE drastic capacity cuts in the containership industry, which have resulted in the size of the idle global containership fleet hitting a five-year high with one million TEU, has failed to tackle the problem of slumping freight rates.
Capacity cuts fail to reverse slump in freight rates

THE drastic capacity cuts in the containership industry, which have resulted in the size of the idle global containership fleet hitting a five-year high with one million TEU, has failed to tackle the problem of slumping freight rates.

In an effort to restore the balance between supply and demand shipping lines have been removing capacity on most of the main trade routes, with the Asia to Europe trade lane seeing the most drastic cuts.

Of the 21 strings operated by the four main carrier alliances in the Far East to North Europe trade, two have been removed by the 'Ocean 3' and 2M alliances. The G6 and CKYHE have removed nine and five sailings respectively in November and December, the Hellenic Shipping News reported quoting data from Alphaliner.

The drastic capacity cuts, however, have been insufficient to reverse the slump in freight rates. Spot rates from Shanghai to North Europe declined to US$409 per TEU last week according to the SCFI. Furthermore, shipping lines have not managed to retain most of the rate gains from the November 1 general rate increase (GRI), which ranged from $750 to $1,200 per TEU.

Despite cutting the number of weekly sailings by 3.8 strings in the fourth quarter, the capacity reduction on the Far East to North Europe route is only one per cent lower year on year.

The average size of ships deployed on this trade has risen from 12,000 TEU a year ago to 14,000 TEU at present. Last year, only one container line service offered a weekly capacity in excess of 17,000 TEU, now there are four such strings on the Asia to Europe trade lane.

 

PostHeaderIcon CKYHE alliance announces NUE3 (AWS) seasonal suspension due to low demand

PAN-ASIAN CKYHE shipping alliance member lines comprising COSCON, Yang Ming, Hanjin Shipping and Evergreen Line, has decided to suspend their NUE3 (AWS) service connecting Asia to US East Coast (USEC) from December 3, as a response to decreased winter market demand.
CKYHE alliance announces NUE3 (AWS) seasonal suspension due to low demand

PAN-ASIAN CKYHE shipping alliance member lines comprising COSCON, Yang Ming, Hanjin Shipping and Evergreen Line, has decided to suspend their NUE3 (AWS) service connecting Asia to US East Coast (USEC) from December 3, as a response to decreased winter market demand.

An alliance said in a statement that the M/V Nagoya Tower will conduct the final voyage as part of the NUE3 (AWS) service on week 47 from Ningbo, and void sailing is scheduled for week 48.

"Meanwhile other AWE services will continue to provide high service quality to customers. CKYHE alliance will still be providing one of the most comprehensive service coverage's in the market even after this adjustment," the statement added.

Earlier this month the alliance announced that it would cancel a total of 9 voyages on their Asia-North Europe and Mediterranean service loops from November 2015 through December 2015.

CKYHE alliance started the Asia-USEC via Panama service on March 27 from Ningbo. Nine ships averaging 4,380 TEU were deployed in the service with Evergreen contributing to the service with five vessels, Hanjin with two and Cosco and Yang Ming added one each.

The port rotation of the NUE3 included Ningbo, Shanghai, Qingdao, Busan, Colon (Panama), Savannah, Charleston, Colon (Panama), Busan, and Ningbo.

 

PostHeaderIcon Maersk plans to raise Asia-Europe rates 429pc to US$1,000/TEU from November 1

Maersk plans to raise Asia-Europe rates 429pc to US$1,000/TEU from November 1

COPENHAGEN's Maersk Line plans to raise Asia-northern Europe rates US$1,000 per TEU from November 1, the company announced in a notice to trade, said Reuters.

The rate hike is 429 per cent more than current levels. According to the Shanghai Containerised Freight Index, rates from Asia to Europe stood at $233 per TEU - well below the loss-making level.

 

PostHeaderIcon OOCL cancels Asia-Europe, Asia-Mediterranean sailings over Christmas

HONG KONG's Orient Overseas Container Liner (OOCL) announced  the cancellation of the following Asia-Europe sailings in response to the expected low demand during the Christmas period.

On the Asia-Mediterranean service, the EUM MOL Belief (BEF) 003 W/E (ETA Busan on November 22 in Week 48 on WB and ETA Genova on December 23, 2015 in Week 52 on EB) is cancelled.

on the Asia-North Europe service, Loop 6 Hyundai Victory (HVY) 007 W/E (ETA Fuzhou (Fuqing) on November 19 in Week 47 on WB and ETA Southampton on December 22, 2015 in Week 52 on EB) is cancelled.

Also Loop 4 OOCL Korea (OKR) 008 W on Week 47 adds Xiamen and Colombo calls, to the port rotation of Ningbo, Shanghai, Xiamen, Yantian, Singapore, Colombo, Port Said, Le Havre, Southampton, Hamburg, Rotterdam, Port Said, Jeddah, Singapore, Hong Kong, and back to Ningbo.

Also Loop 7 MOL Quartz (QRZ) 010 W / E on Week 47 WB adds Kaohsiung and on Week 52 EB adds Jebel Ali to the port rotation of Qingdao, Shanghai, Kaohsiung, Hong Kong, Yantian, Singapore, Rotterdam, Hamburg, Gdansk, Gothenburg, Antwerp, Southampton, Jebel Ali, Singapore, Yantian and back Qingdao.

Moreover the Nansha shipment into be connected to Loop 7 MOL Quartz (QRZ) 010 W on Week 47 WB via transshipment at Hong Kong by feeder.

The Antwerp shipment is to be transshipped at Rotterdam on feeder. Week 47 Loop 7 MOL Quartz (QRZ) 010 W can serve Antwerp direct call but transit time is long.

 
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