Alphaliner Newsletter no 17

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ALPHALINER
Volume 2014 Issue 17
22.04.2014 to 28.04.2014
Weekly Newsletter
Web: www.alphaliner.com
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Alphaliner Weekly Newsletter is distributed every Monday. The newsletter is available upon subscription. Information is
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Chart of the week
TSA Statement, 28 Jan 2014
•
•
•
Despite the TSA statement, the transpacific carriers appear to have done
exactly that, as several carriers have
continued to add new capacity despite their failure to raise rates.
Total weekly capacity on the transpacific routes is expected to increase by
2.5% in the third quarter of 2014, led
by CSCL/UASC and Evergreen.
Capacity via the Suez canal to the US
East Coast will exceed that routed via
Panama for the first time in history.
P3
P3
P3
P3
G6
G6
G6
G6
G6/Zim
G6
G6
G6/E
CH
CKYH
CKYH
CKYH
CHE
CHE
E
C/U
Zim
Total
TP-11 / Empire / Columbus
TP-12 / America
TP-13 / Atlantic / Vespucci
TP-15 / Everglades / PEX3
PA1 / PAX
PA2 / APX
NCE
NYE
SCE
CEC
AZX
SVS / AUE 3
GME / AWT
AWE 1 / AWH
AWE 3 / AWY
AWE 4 / AWK
NUE2 / AWE2 / AWC
AUE / AWE8
NUE
AAE1 / AUC1
ZCP
no. of weekly sailings
Suez X o
Suez o X
Suez X o
o o
Pan
Pan
Pan
Pan
Pan
Pan
Suez
Suez
Suez
Pan
Pan
Pan
Suez
Pan
Suez
Pan
Pan
Pan
4 4
Zim
CSCL
UASC
Evergreen
Hanjin Shg
K Line
Yang Ming
COSCO
NYK
OOCL
MOL
HMM
APL
Hapag-Lloyd
Service Name
MSC
Alliance
CMA CGM
Carriers
Via
“Simply rolling over last year's contract
rates – let alone reducing the rates, as
some shippers have requested – is just not
workable,”
Maersk
FE-USEC Projected services breakdown by Alliance - 3Q 2014
X
o
X
o
X
o
o
o
X
X
o
X o
o o
o o
o X
X o
X o
X o
o o
o
X
o
o
o
o
X
X
X o
o o
X o
X o
o X
X X
o X
o o
X
o
o
X
X
o o
o X
o X
X o
X
3
8
8
8
8
8
X
o X
X o
X o
o X
o X
X
X
X
X X
o
X
8 6 4 5 6 4 2 1 4
X - vessel operator / o - slots
Ave.
weekly
TEU
8,500
8,700
8,500
4,900
4,800
4,700
4,900
4,800
4,900
8,500
6,100
6,500
4,300
4,300
4,400
5,800
4,600
8,100
4,250
4,250
5,000
Capacity
by Alliance
in TEU
P3 Total
P3 Ave.
30,600
7,650
G6 Total
G6 Ave.
45,200
5,650
CKYH Total
CKYH Ave.
27,450
4,991
Evergreen Total
Evergreen Ave.
8,300
5,533
4,250
5,000
C/U Tot./Ave.
Zim Tot./Ave.
ALPHALINER
Spotlight on Transpacific carriers
INSIDE THIS ISSUE:
Transpacific rates flop
1
Idle fleet falls as carriers gear up for
peak season
Rate rally for larger tonnage brings
relief to charter market
4
Service Updates
6
CSCL/UASC upgrade Pacific Southwest services
G6/Zim to split SCE/NYE service for
peak season
UASC to offer five weekly FE-North
Europe loops
NileDutch and PIL to co-operate on FE
-West Africa
CMA CGM & ESL add Nacala/
Mombasa on ‘Swahili/GIA’
Evergreen opts for alternatives to
cover Red Sea
Far East-Eastern India 'Indfex 2' is
closed - Partners opt for alternatives
Evergreen to add connections within
SE Asia
APL and MOL organize new direct
USEC-WCSA service
Maersk to add direct USEC-WCSA link
Seago organizes direct link between
UK, Russia & Finland
Maersk Line reorganizes NZ-Fiji &
New Caledonia services
Delivery/New Order Updates
14
April deliveries
Oceanbulk/Oaktree place two 11,000
teu orders
The new 2014/15 Transpacific service contract season got off to a poor start
for carriers after they failed to push through with the proposed rate increases
effective from 1 May, with various rate reductions reported by BCOs. Carriers
continued to pursue volume over rates, as the majority of them plans to mount
capacity upgrades for the summer peak shipping season.
Total weekly capacity on transpacific services is expected to increase by 2.5%
in the third quarter of 2014, before taking into account any additional strings
that carriers could launch in the peak season, according to Alphaliner estimates. The increases are led by the CSCL/UASC grouping and Evergreen which
plan to raise their weekly capacity by 27% and 8% respectively. In contrast, the
CKYH carriers are to cut their combined capacity by 4%.
The G6 and P3 alliances are also to embark on major service upgrade programs, as they will extend their shared service networks on the Transpacific
routes: The G6 carriers will expand their cooperation to the FE-USWC routes
from May, adding to the existing joint services on the FE-USEC routes, which
started in May 2013. The six carriers will provide the widest coverage of the
Transpacific trades, offering up to 15 weekly connections to the US West Coast
and eight weekly connections to the US East Coast, although overall G6 capacity will only grow by a modest 1%.
The P3 carriers will raise their combined capacity by 4% but will have to delay
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