Capacity on Africa route to rise 20pc

PUBLISHED : Tuesday, 05 August, 2003, 12:00am
UPDATED : Tuesday, 05 August, 2003, 12:00am
 

Capacity on the Asia/South Africa/South America east coast trade is to increase by about 20 per cent following the breakup of the Super Good Hope Express service.


No other Asian trade lane has experienced such a high capacity increase this year


The Super Good Hope Express had as vessel operators Kien Hung, CSAV and NYK until the Kien Hung buyout by Hamburg-Sud. CMA-CGM had slots on the service, and Hamburg-Sud bought slots on a separate service run by Evergreen and Cosco.


From this month, a further 10 ships, each of about 2,500 teu (20-ft equivalent units) capacity, will enter service, pushing up annualised capacity by more than 100,000 teu on a trade that, according to some sources, barely supports the level of 600,000 teu-plus now in service


Hamburg-Sud and NYK will launch their own service called the New Good Hope Express (NGX) and deploy 11 2,500-teu vessels.


Earlier, CSAV and CMA-CGM said they would launch a launch a service known as the Asia/South America Express (ASAX), which would also call at Durban westbound. The ASAX made its first sailings late last month, and will eventually deploy 10 2,000 teu vessels on a fixed-day weekly schedule


Thus, from an 11-ship service operated as the Super Good Hope Express, a new product has been formed with 21 vessels over two separate services. Significantly, CMA-CGM has moving up from a slot purchaser to a vessel provider.


Hamburg-Sud is expected to drop its slot-purchasing agreement with Evergreen and Cosco, which will continue operating their 10- ship service with 2,700-teu vessels.


Share

 

Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Enter multiple addresses separated by commas(,)

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive