Only 14 containerships for 9,857 teu have been scrapped so far this year, with no new scrap sales expected in December as the high charter rates are keeping older ships from the scrapyard. The full year scrapping rate in 2025 will be the 2nd lowest on record, only surpassing 2022 when just 3 ships for 2,848 teu were sent for demolition during the height of the COVID pandemic. With over 1,690 ships for 4.40m TEU that are over 20 years old, the number of ships to be scrapped will need to accelera
The Gemini Cooperation partners Hapag-Lloyd and Maersk remain at the bottom of the EBIT margin ranking amongst the main publicly listed carriers, lagging behind their industry peers by as much as 20%. The high cost of maintaining the superior schedule reliability of the Gemini network and their inability to secure any freight rate premium have continued to drag down the 2 carriers’ operating performance.
Container traffic from the Far East to the US Transpacific volumes fell by 7.2% YoY in October following a 10.0% YoY drop in September. Volumes are starting to stabilize after the initial turbulence since import tariffs into the US were first announced in April this year, with the softening trend expected to continue into November and December. Although YTD volumes through October remains positive at 2.1% due to front loading during the first 4 months of this year and a strong rebound in July a
The vote to delay the Net-Zero Framework on 17 October 2025 reveals a deep split between IMO member states with the EU pushing the decarbonization agenda along with smaller island states that stand to gain the most from the NZF while the US and most of Asia were opposed to the adoption of carbon pricing on shipping. Countries that voted for the delay included the US, China and Russia along with other major oil exporting nations. Singapore was the only Asian country to vote against the motion to
IMO member states voted 57-49 to adjourn the MEPC meeting for one year on 17 October 2025, delaying the adoption of the Net-Zero Framework (NZF) which raises investment uncertainty for new containerships although it will not stop the ongoing wave of new ship orders. Owners have added a further 240,000 teu to the orderbook in the last 2 weeks, bringing total new containership orders in 2025 past the 4m teu mark. Containership owners and operators are already ahead of other shipping segments in t
Register Free Trial The container market barometer has shifted into negative territory again with TEU-mile demand growth slipping below the growth in vessel supply and the outlook remaining gloomy for the remainder of this year. Carriers’ reluctance to withdraw capacity during the slack winter season has hurt freight rates across key routes with the transpacific rates facing the greatest stress. Despite the softening freight market, carriers has continued to bid up charter rates and second-han
Ningbo Ocean Shipping (NBOSCO) has restarted China-Middle East Gulf Express (CGX) service as a vessel operator on the Milaha, Sinokor, Unifeeder service that is branded respectively as Milaha Gulf Express (MGX), Sinokor Gulf Service 1 (SGX1) and China Gulf Express (CGE). NBOSCO has added the 4,250 teu WADI BANI KHALID to the service from 30 October 2025 and takes over the vacant slot after CU Lines' departure from the service earlier this year. The service is currently operated with 5 ships of
Hede Shipping has launched a new Shanghai-Thailand service that connects Shanghai, Laem Chabang, Bangkok, Shanghai from 4 November 2025. The service started on a trial basis using the 1,060 teu KHARIS HERITAGE on a rolling 16-18 day rotation, with the 1,781 teu HELGOLAND to be added to the service from 30 November 2025.
Register Free Trial Improved 3rd quarter liner earnings will reverse in the 4th quarter with average CCFI rates currently down 14% QoQ. Transpacific rates are slipping badly with capacity utilization continuing to fall on weakening demand. Although Asia-Europe rates have remained resilient, spot rates also remain under pressure with European port congestion the main factor keeping supply growth in check. Intra-Asia rates have outperformed the long haul routes, with average shorthaul CCFI rates
DP World will launch a new Atlas service connecting Agadir, London Gateway, Antwerp, Casablanca, Agadir from 17 November 2025. The service will turn in 14 days using the 990 teu BF CARP and BF TROUT. The service will call at the DPW operated London Gateway and Antwerp Gateway and is aimed at fruit and vegetable exports from Morocco to Europe. It is the first service in North Europe that uses the DP World brand.