the volatility of weekly container capacity in 2023 will be much smaller than in the previous two years, Wanhai Shipping Company merged its two trans-Pacific U.S. East Coast services at the time of this change and incorporated Hapag-Lloyd ships into the newly modified service, which will lead to the withdrawal of Philadelphia Port from the rotation.
In a vessel-sharing agreement submitted by the to the Federal Maritime Commission (Federal Maritime Commission), Wanhai and Hapag-Lloyd said they plan to deploy eight and four AA7 ships in Asia, respectively, and the two airlines also plan to expand their services, ranging in capacity from 7500 to 11500 TEU. Hapapo-Lot was previously only the space charterer of the AA7 launched by Wanhai Airlines in mid-2021. The current schedule of the AA7 shows that the ships used are between 4250 and 7240 TEU.
The two airlines also plan to expand their services, ranging in capacity from 7500 to 11500 TEU. The current schedule of AA7 shows that the ships used are between 4250 and 7240 TEU.
According to sources, Wanhai Shipping signed a contract at the end of last year to lock up three Panama-type container ships built in Japanese shipyards. The ships were ordered by Interasia Lines and JMU in April last year. will be delivered in 2025 and the estimated value of each ship is about $49 million. Last year and the year before last, Wanhai Shipping ordered as many as 24 container ships, including a series of 13000TEU ships. At present, the company has begun to receive this batch of new ships.
as the loading port changes, Amanda Liow, Wanhai's business cooperation manager, said AA7 would add the port of Charleston to its rotating routes on the east coast of the United States, as well as existing services in new york and New Jersey, Norfolk and Savannah.
Charleston and Philadelphia Port were previously served by Wanhai Air's AA9, which was first launched in mid-2022. Liow said the service will be incorporated into the AA7 service, combining the two services under the improved AA7 coverage and ship size. Liow added: "There is hardly any effective change in capacity in the market. The new AA7 will provide sufficient port coverage and stable weekly capacity."
Market Goes to "Predictable Capacity"
Randy Chen, vice chairman of Wanhai, said that due to the demand shock caused by the pandemic, the weekly container capacity to the United States experienced unprecedented fluctuations between 2021 and 2022. Fluctuations in capacity turned into a vicious circle as carriers sent more ships across the Pacific to meet demand, leading to further congestion at ports. But he said a more regular ordering cycle for overseas goods would allow carriers to better plan weekly capacity.
"We need a respite, and respite is the cause of congestion," he added, "so we should move towards predictable capacity. "
Forwardernet.com
