After THE Alliance announced the resumption of two trans-Pacific routes suspended for nearly half a year, Maersk also resumed trans-Pacific routes and improved its Asia-US East Coast service network.
Maersk announced that starting from mid-April, it will restart the trans-Pacific TP20 route, which will run through Greater China from north to south, and then fly directly, extending the service scope to destinations such as Newark, Baltimore and Houston.
It is understood that in February this year, the import volume of containers in the United States showed a surge, and the transit restrictions of the Panama Canal were slightly relaxed. The spot freight rate has soared to twice that of at least one year ago. These positive market signals prompted Maersk to make a decision to restore TP20 service.
Maersk launched the "quality" loop service in August, 2021, and deployed 4,500 teu Panamanian ships to enjoy the market rate as high as 20,000 US dollars per 40 feet at that time. However, due to the expected decrease in global demand, the company once decided to "temporarily suspend" the TP20 route. But now, with the strong recovery of market demand, Maersk has taken decisive action. It is understood that on April 21st, the 4,334 teu Maersk Wallis, which was built in 2010, will depart from Qingdao for the maiden voyage of the restored TP20. The ship will also load goods in Shanghai and Yantian and go to several important ports along the east coast and gulf coast of the United States.
At the same time, the analysis report of the top 10 container ports in the United States released by Maccowen, a senior shipping analyst, shows that the imported containers increased by 25.3% year-on-year in February, reaching 1,833,319 teu. Imported containers increased by 25.3% year-on-year in this month, reaching 1,833,319 teu. Although Maccowen pointed out that the long Spring Festival holiday and leap year have certain influence on the import growth, he still thinks that this growth trend reflects the potential economic vitality.
In addition, Maccowen's analysis also reveals that the trend of coastal goods transferring from the west to the east is reversing. The year-on-year growth rate of Pacific ports in the United States reached 39% in February, while the growth rate of ports in the east and along the Gulf of Mexico was relatively small. This phenomenon may be related to the return of goods moving eastward and recent coastal fluctuations.
In addition to market factors, Maersk's decision to restore TP20 Ring Road may also be influenced by other factors. For example, the Red Sea crisis has led to the extension of some routes from Asia to the east coast of the United States, and the uncertainty in the negotiation of new labor contracts on the east coast may have an impact on the route planning of shipping companies. Maersk expects that the peak season will come ahead of time this year, so restoring and optimizing the TP20 route ahead of time will help the company to better cope with market changes and improve service quality and customer satisfaction.
https://www.cnss.com.cn/html/hyqy/20240325/352648.html
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