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ALPHALINER Weekly Newsletter 2009-Week 17 axs-alphaliner.com – the worldwide reference in liner shipping MSC launches Amazon relay service Oslo Fjord service launched Indian coastal service launched Other service updates As anticipated, MSC has launched a dedicated relay service covering the Amazon, connecting its Freeport hub (Bahamas) with Manaus and Vila do Conde. It also encompasses an existing feeder loop connecting Freeport to San Juan de Puerto Rico and Port of Spain. It turns in three weeks using three ships, the MSC PROSPECT (1,354 teu), MSC ACAPULCO (1,162 teu) and PAUL RICKMERS (1,162 teu). +++ Samskip Multimodal Container Logistics (Samskip), DFDS-Lys Line and Unifeeder are to team up on the Rotterdam-Oslo Fjord route This service has been ensured by DFDS-Lys Line and Samskip since January 2006. Unifeeder will bring the recently chartered 803 teu JORK RULER alongside the LYS POINT. The JORK RULER replaces the 390 teu VANGUARD. The new joint service will include all present ports in the Oslo Fjord (Oslo, Moss, Brevik, Larvik, Kristiansand) and adds a call at Fredrikstad. +++ Caravel Lines, the NVOCC division of Chennai-based Caravel Logistics, is to launch its own Indian coastal service to connect Mundra, Cochin and Tuticorin. The service is to be ensured with the chartered 558 teu REGGEBORG, recently lying spot at Singapore. Of note, the REGGEBORG flies the Dutch flag and thus contravenes Indian regulations stipulating that cabotage services are reserved to Indian flag ships. However, this rule could be waived in case an adequate ship is not available under the Indian flag. Caravel adds to the half-dozen of carriers offering cabotage container services between Indian ports, including S.C. India, Shreyas Shipping, Seaways Shipping, Transport Corp. of India (TCI), Gati Ltd and Seabridge Maritime. Caravel Logistics was created in 1994. P a g e | 8 © Copyright Alphaliner 1999-2009
ALPHALINER Weekly Newsletter 2009-Week 17 axs-alphaliner.com – the worldwide reference in liner shipping CORPORATE UPDATES Recent MSC Fixtures NRS 8,411 Series Vessel Expected Dely NORTHERN JAVELIN Jul-09 NORTHERN JASPER NORTHERN JUBILEE Aug-09 NORTHERN JAGUAR Sep-09 NORTHERN JUVENILLE Dec-09 NORTHERN JUPITER Jan-10 NORTHERN JUSTICE Feb-10 NORTHERN JAMBOREE Jun-10 NRS 8,411 Series Vessel Expected Dely NORTHERN JAVELIN Jul-09 NORTHERN JASPER NORTHERN JUBILEE Aug-09 NORTHERN JAGUAR Sep-09 NORTHERN JUVENILLE Dec-09 NORTHERN JUPITER Jan-10 NORTHERN JUSTICE Feb-10 NORTHERN JAMBOREE Jun-10 MSC continues fixture spree MSC has recently fixed several large containerships at bargain rates, including a series of eight 8,411 teu newbuildings and five existing units of 5,000 teu. The eight 8,411 teu newbuildings are chartered from German shipowner Norddeutsche Reederei Schuldt (NRS) for the duration of one year, with an option for a further year, at a reported USD 10,000 (USD 12,000 for the optional year). The ships were ordered speculatively at DSME in two stages in May / August 2007. The first of them, NORTHERN JAVELIN, presently lies alongside at the yard, almost completed, while the second one, NORTHERN JASPER, is also close to completion. The ships delivery is however expected to take place in July-August. They were to become the first VLCS delivered without commitment to any carrier. MSC thus emerges as the White Knight for these ships which otherwise would have lied at anchor as soon as delivered. One question which springs to mind is to which route MSC will assign these ships. One would think immediately of the Far East-North Europe or transpacific routes, but actually, MSC has a sufficient number of VLCS and ULCS, including those to be delivered in the next 12 months, to fulfil its needs on these routes. The additional ships would fit well on the Indian subcontinent-Europe route or on the Europe-South America route. Other remote possibilities include the enhancement of MSC’s Far East-Middle East service (Falcon) and the organisation of a direct India-Med-US service. MSC has recently strongly boosted its Indian subcontinent-Europe service, having replaced 2,500-3,000 teu ships by 5,000-6,700 teu ones, and is still to push the capacity one step up with the new service that it is to launch in co-operation with S.C. India (see page 6). Thus, the injection of 8,000 teu ships on this route is only a matter of time. On the Europe-ECSA route, MSC is currently operating four loops employing 23 ships offering a total weekly capacity of 19,000 teu (of which 10,400 teu dedicated to the Med-ECSA route, including volumes relayed to/from Asia and Africa). 14 of the 23 ships employed fall in the 5,500-6,000 teu range. The largest ships employed do not exceed 6,000 teu for the moment, but there is scope to inject 8,000 teu ships on this route, including the NRS ones, which are fitted with 700 reefer plugs. It has also to be borne in mind that MSC is to lose four 8,400 teu ships that it had on temporary charter from CMA CGM and CSCL (as sublets) P a g e | 9 © Copyright Alphaliner 1999-2009
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