There have been a lot of things happening recently! The typhoons have been lasting for a while and the peak of the levy of tariffs have not stopped, National Day is coming! What is more, on the one hand, many Shipping Companies and major Shipping Alliances are busy rising the price and stopping the container; on the other hand, they have annouced the plans to suspend the Port Operation. Many services have been canceled /paused Asia-Mediterranean-Europe © Image | Baidu According to the reports, not only due to the pressure of rising fuel prices and the losses in the first half of the year, but also the experience of Ship Company in previous years and the bearishness of goods during the holiday, many Shipping Companies and several major Shipping Alliances have announced the plans to suspend the Port Operation! 01 The Ocean Alliance of COSCO, OOCL, CMA CGM and Evergreen have canceled two voyages of “Asia-Northern Europe”, and plan to cancel two voyages of Mediterranean in October. 02 2M Alliance, such as Maersk, also announced that will suspend an “Asia-Northern Europe” service at the end of September or early October. 03 THE Alliance also announced that will suspend two voyages in “Asia-Europe” and “Asia-Mediterranean” for ship repairs and plans to suspend the following voyages during the Golden Week. Slide Up Far East Loop 2 (FE2) TIHAMA voyage 007W, ETA CNTXG October 1, 2018 TIHAMA voyage 007E, ETA GBSOU November 8, 2018 Far East Loop 3 (FE3) YM WIND voyage 008W, ETA HKHKG October 5, 2018 YM WIND voyage 008E, ETA NLRTM November 6, 2018 Mediterranean Service (MD1) Hangzhou Bay Bridge voyage 029W, ETA CNTAO October 8, 2018 Hangzhou Bay Bridge voyage 029E, ETA ESBCN November 8, 2018 Mediterranean Service (MD2) NYK Blue Jay voyage 014W, ETA KRPUS October 7, 2018 NYK Blue Jay voyage 014E, ETA ITSPE November 11, 2018 Mediterranean Service (MD3) YM Window voyage 014W, ETA KRPUS October 6, 2018 YM Window voyage 014E, ETA TRIST November 7, 2018 © Image | Sofreight APL Intra-Asia Service Update – Asia Subcontinent Void Sailings Increase FAK rates Some Shipping Companies will also generally increase the freight rate, such as FAK rates, before they start the cancellation of the voyage. Hapag-Lloyd will charge $1,050/TEU in “Asia-Northern Europe”, $1,375/TEU in the Adriatic, and $1,500/TEU in the Eastern Mediterranean from September 1st. CMA CGM: In order to maintain its service quality on CIMEX Lines, CMA CGM informs its customers of its Rate Restoration Program for September 2018 as follows: Slide Up! The price increase is obviously an important part of the Shipping Company’s profitability in the shipping container business. Many routes and ships across the transpacific have been suspended/cancelled Some insiders are worried about whether shipping across the transpacific will be affected, but some people think that this kind of worry is too early. According to the Shanghai Container Freight Index (SCFI), the exchange rate between Shanghai – US West Coast port was set at US$2,126/FEU, US$40 higher than last week. The exchange rate between Shanghai – US East Coast Port was set at US$3,329/FEU, US$12 higher than last week. Weekly service BlueWater reported that several major Shipping Alliances are about to suspend or cancel a series of transpacific routes! These weekly services include: Maersk/MSC suspend transpacific service. THE Alliance. The Ocean Alliance. Slide Up! APL. Slide Up! At present, due to the freight is generally delayed, and the implementation of the tariff, it will be a kind of ‘Normal Phenomenon’ to be discarded the container and even to be discarded continuously! So everyone must be mentally prepared!
