CMA CGM axes SEA-X – prelude to the end of transpacific premium products?

CMA CGM appears to be set to close its transpacific express container shipping service, after worsening congestion at Los Angeles port impacted delivery guarantees.
According to Alphaliner, the French carrier has closed its transpacific premium SEA-X service, and is set to launch a new route between China and rival west coast ports of Oakland and Seattle.
The SEA-X service offered shippers a money-back if containers were not ready to pick up at …

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CMA CGM makes bold pitch for premium business on booming transpacific

Transpacific ocean carriers are ramping up their premium services to take full advantage of the continued demand spike on the route.
Recently during an earnings call, niche US flag carrier Matson chairman and CEO Matt Cox gave investors “a sense of the demand right now”.
He said: “On our CLX and CLX+ services each week we are turning away more cargo than we are carrying.”
CMA CGM announced today that, from the end …

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Hapag-Lloyd latest carrier to offer service with no rollover promises

Hapag-Lloyd is the latest carrier to announce a shipment guarantee premium product, which it claims will “increase supply chain efficiency” for customers.
Loaded as Booked is the fourth part of the carrier’s rollout of 10 quality promises through to the end of next year.
Hapag-Lloyd said subscribing would mean a promise to load 95% of a customer’s confirmed bookings “on the exact ship specified” in the booking confirmation.
“Missed loadings have always been …

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Zim targets e-commerce traffic with launch of transpacific express service

Israeli shipping line Zim has become the latest carrier to offer an express transpacific service, yesterday announcing the launch of its Zim eCommerce Xpress (ZEX) string on 22 June.
The service will connect the Pearl River Delta ports of Yantian and DaChan Bay with Los Angeles, and offer a transit time of 12 days.
The service is particularly targeting e-commerce cargo shippers, “especially now due to the growing e-commerce demand following the …

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Priority ocean services on the rise as air freight capacity becomes scarce

Soaring airfreight rates have left some commodities on the ground, but expedited ocean services offer an alternative.
To offer a faster maritime link across the Pacific, less-than-container load (LCL) consolidator ECU Worldwide launched an LCL express service between Shanghai and Los Angeles towards the end of last month.
Its Xlerate offering uses Matson Navigation for a 10-day transit between the two ports and ECU claims this is the fastest port-to-port time on …

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Asia-Europe airfreight traffic could be permanently lost to rail or sea

Major supply chains out of Asia could see a sustained modal shift in the aftermath of global coronavirus lockdowns, as supply and demand in the air fright sector continues to fluctuate wildly.
Jan van Castaeran, Europe managing director at Flexport, told The Loadstar this week the response of carriers to coronavirus was pushing many shippers to rethink their supply chains.
“The first quarter in ocean freight saw a decent recovery, and the …

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Carrier ‘no rollover’ guarantees will face a stiff test as demand slumps

CMA CGM is launching a new premium product tomorrow that, it claims, offers customers transport guarantees and priority boarding across its liner network.
“Seapriority Go provides customers exclusive treatment,” said CMA CGM, “their goods will be given priority whether it be for container allocation or loading on board.
“This new solution helps to expand our customers’ business, even when demand is strong, giving them more agility, flexibility and protection.”
The French carrier said …

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CMA CGM stake in Ceva ‘is no threat to the forwarders’

CMA CGM’s investment into Ceva Logistics is not a threat to forwarder-controlled ocean freight, according to Nicolas Sartini, CEO of subsidiary carrier APL.
Speaking prior to yesterday’s announcement that CMA had upped its stake in Ceva to 33%, Mr Sartini said the rationale of the investment was to provide integrated services to large shippers that want to do direct business with carriers.
“Some customers want to deal only with forwarders, some only carriers and …

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