ZIM announced the launch of a new US-West route
On 27th June, Star Line announced the new launch of ZX2 (Central China Xpress).
According to the introduction, the ZX2 service will start operation on 3 July, calling Shanghai, Ningbo and Los Angeles, and it only takes 13 days to travel from Ningbo to Los Angeles.
According to EStar Shipping, the ZX2 route has a number of service advantages, including dedicated berths at the port of departure and destination; simplified import process, fast cargo pickup without appointment; efficient railway connection for fast inland delivery within the US; and dedicated channel for import pickup.
Hani Kalinski, Executive Vice President of EStar's Pacific Business Unit, said, "Our new ZX2 service is designed to meet the changing needs of the market by providing flexible, high-quality and premium services."
In addition, Starfish has also upgraded another US West service, ZEX, which is scheduled to be inaugurated by ZIM FALCON on 16 July, with the new ports of call as follows: Gemay - Yantian - Los Angeles - Gemay.
It is worth noting that the U.S. market has recently seen a surge in transport demand, in addition to Star Shipping, including COSCO Sea Controls, Mediterranean Shipping Company (MSC), ONE, SeaLead Shipping and other liner companies, recently opened or upgraded the U.S. West routes one after another.
Data released by the General Administration of Customs showed that in the first five months of 2024, the total value of China's trade with the United States was 1.87 trillion yuan, an increase of 2 per cent year-on-year. Among them, China's exports to the United States 1.39 trillion yuan, an increase of 3.6 per cent year-on-year, the trade surplus with the United States 911.08 billion yuan, expanding by 7.2 per cent.
Meanwhile, the trans-Pacific shipping rates rose significantly. According to the Shanghai Export Container Freight Index (SCFI) released by Shanghai Shipping Exchange, on 21 June, the market freight rate (shipping and shipping surcharge) for export from Shanghai port to the U.S. West and U.S. East base ports was US$7,173/FEU and US$8,277/FEU, respectively, an increase of about 38% and 28% in one month.
Analysts at the Shanghai Shipping Exchange said that since 2024, China-U.S. trade has continued to grow steadily despite the intricacies it faces, which is conducive to the long-term stability of the North American shipping market.
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