Daily Archives: 31/07/2023

New ONE East to West Coast reefer service

Connecting West Coast South America to East Coast North America in response to growth in Latin American reefer volumes.

Ocean Network Express (ONE) has announced a new reefer container service connecting the West Coast of South America to the East Coast of North America.

Launching September 2023, the FLX service will deploy four vessels directly connecting the ports of Callao and Paita in Peru and Guayaquil in Ecuador to South Florida with “one of the fastest transit times on the market”. That includes Callao-South Florida in 11 days, Paita-South Florida in 9 days, and Guayaquil-South Florida in 8 days.

FLX also provides a direct connection from South Florida to Honduras, as well as destinations in Colombia, Ecuador and Peru. Via the hub ports of Cartagena, Colombia and Callao, ONE says that its services can be “seamlessly connected with other services to/from the United States, East Coast South America, Europe, Caribbean and Asia.” Chilean exporters can also connect their cargoes via Callao.

Latin American reefer container transport volumes have grown fast over the last few years, says ONE, as the region’s fruits, vegetables and seafood have continued to gain popularity worldwide. That includes Asia, where ONE has established itself as a significant player in reefer cargo imports from South America.

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M&A-led growth strategies will boost dominance of global terminal operators

According to Drewry’s latest report M&A-led growth strategies is quickest route to build market share.

Increased privatisation activity and M&A-led growth strategies will propel leading regional container terminal operators and container shipping lines into the global terminal operator (GTO) rankings next year, according to Drewry Shipping Consultants Ltd’s latest Global Container Terminal Operators Annual Review and Forecast.

Hapag-Lloyd AG, Ocean Network Express, Adani Ports and SEZ and AD Ports Group are all set to feature in next year’s league tables, said the consultant. “While the position of the largest global terminal operators at the top of the rankings look secure, the number of companies seeking to invest in the global ports market has increased in recent years. However, with global container port volumes increasing by just 0.5% in 2022, M&A has emerged as the quickest route to build market share.”

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