One additional 6,200 TEU vessel will be added on the SCX service, and Japanese ports previously covered by the JCX will now be covered by the upgraded SCX service.
Kaohsiung will be transferred to the Super Shuttle Express (SSX) service on the Trans-Pacific eastbound call, while the westbound call on SCX will remain unchanged.
The port rotations for these services are:
TEU
A twenty-foot equivalent unit (6.1m). A standard unit for counting containers of various lengths and for describing container ship or terminal capacity. A standard 40' container equals 2 TEUs.
THC (Terminal Handling Charge)
A charge made for certain handling services performed at terminals.
Third Freedom Right
Where cargo is carried by an airline from the country in which it is based to a foreign country.
TIB (Temporary Importation under Bond)
A U.S. Customs' temporary admission into the
Logistics News: Ocean rates are continuing to drop especially on the Eastbound Transpacific trade lane.
According to an article on the JOC, the latest data from Drewry Shipping consultants shows that the average spot rate from Hong Kong to Los Angeles is now at $986 for an FEU. This represents a decrease of 51.6 percent compared to one year ago.
We are definitely seeing a race to the bottom in terms of ocean rates. With volumes down substantially and thousands of empty containers sitting on idle vessels all over the globe, many carriers are scrambling to fill vessels. From an NVOCC perspective, I am seeing many importers testing the waters in terms of what rate levels the current market will bear. Unfortunately (for many 3PL providers), with the economic downturn, I am seeing many customers using pricing as the main deciding factor when choosing new freight forwarding service offerings.
MISC will withdraw from services between the Far East and Europe & the Mediterranean.
The carrier does not operate with the Grand Alliance on the Transpacific or Transatlantic trades.
This effectively means that MISC will become an Intra-Asia operator.
The Grand Alliance says that MISC's withdrawal will not affect sailing frequencies, transit times or service structures.
The Grand Alliance fleet comprises about 140 vessels with capacities of between 2,900 and 9,000 TEU, seven of which are provided by MISC.
The remaining alliance partners, Hapag-Lloyd, OOCL and NYK, will replace these ships in the context of the alliance's normal cascading.
CFS
(Container Freight Station) - The term CFS at loading port means the location designated by carriers for the receiving of cargo to be packed into containers by the carrier. At discharge ports, the term CFS means the bonded location designated by carriers in the port area for unpacking and delivery of cargo.
CFS/CFS
(Pier to Pier) - The term CFS/CFS means cargo delivered by breakbulk to carrier's container freight station (CFS) to be packed by carrier into containers and to be unpacked by carrier from the container at carrier's destination port CFS.
CFS Charge
(Container Freight Charge) - The charge assessed for services performed at the loading or discharging port in the packing or unpacking of cargo into/from containers at CFS.
CFS/CY
(Pier to House) - The term CFS/CY means cargo delivered breakbulk to carrier's CFS to be packed by carrier into containers and accepted by consignee at carrier's CY and unpacked by the consignee off carrier's premises, all at consignee's risk and expense.
Mitsui OSK Lines' Pacific Southwest Express (PSX) service will begin calling on Cai Mep in South Vietnam.
The first vessel - the 6,350 TEU MOL Premium, will depart Cai Mep on June 4th.
The PSX service will provide comprehensive coverage of the Pacific Southwest with calls at the ports of Los Angeles and Oakland.
The PSX port rotation will be: Cai Mep ( Wed/Thu) > Hong Kong (Sun/Sun) > Yantian (Mon/Tue) > Los Angeles (Sat/Tue) > Oakland (Wed/Thu) > Tokyo (Sun/Mon) > Xiamen (Thu/Thu) > Dachan Bay (Fri/Sat) > Hong Kong (Sat/Sun) > Cai Mep (Wed).
Transit times to Los Angeles will be sixteen days from Cai Mep and eleven days from Yantian.
APL has also announced the launch of a new weekly direct container shipping service linking Vietnam and the West Coast of North America.
From June 4th, the 4,250 TEU APL Denver, which is deployed on APL's Pacific South 1 (PS1) service, is scheduled to make one of the first calls at the Saigon Port-PSA facility in the first week of June.
service (dedicated APL cargo trains scheduled to meet APL vessels, departing from on-dock rail facilities in Seattle and Los Angeles to major US inland markets).
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