KMTC is set to become the 3rd South Korean carrier in the Transpacific trade with the launch of its APX service when it joins the Asia West Coast (AWC) service operated by SeaLead and TS Lines from 17 June 2025. The AWC/APX service will be upgraded at the same time, with larger vessels of 6,000-10,000 teu replacing the 2,900-5,600 teu ships that are currently deployed. KMTC will operate the 6,655 teu to join 2 ships from TS Line and 3 ships from SeaLead on the upgraded service that calls at Qin
Newly established Midline Shipping will launch a new Italy-Turkey-Libya service from 23 May 2025 using the roro ship MIMER to connect Venice, Brindisi, Misurata, Benghazi, Izmir, Benghazi, Misurata, Venice. MIMER provides total roro capacity of 1,032 lane meters and has a container capacity for 120 teu on deck.
The freight futures contracts dropped this morning on profit taking with longer dated contract being weaker. Trading remain active as 105,043 contracts traded before the intermission for the morning session. Open interests remain at over 120,000 contracts. Liner's FAK quotations for Shanghai-WCNA mostly remain unchanged except for Maersk that again adjusted its quotations for May shipment upward, this time by $250/FEU to $3600 for 26 May departure. Last week's SCFI for USWC was $2347 per FEU. F
The main contracts, EC2506 and EC2508, nearly hit their limit up before moving sideways for the rest of the day. In contrast, the longer-dated contracts faced selling pressure, as traders used them to express skepticism about the sustainability of the current rally. The doubts center on whether Chinese factories are already operating at full capacity, potentially limiting their ability to increase output for US demand despite the 90-day window. Tianjin Shipping Index reported a slight drop in T
Wan Hai will launch a new India-East Med 2 (IM2) service connecting Mundra, Jeddah, Alexandria, Mersin, Jeddah, Mundra from 1 June 2025 through a partnership with Emirates Shipping Lines (ESL) on the latter carrier's existing India-East Mediterranean Express (IEX) service. The service will turn in 4 weeks and will deploy 2 ships of 2,500 teu on a fortnightly frequency. Wan Hai will deploy the 2,646 teu WAN HAI 311 at Mundra on 1 June 2025 and ESL will deploy the 2,496 teu AN HAI at Mundra on 15
Freight rates to North Europe remain under pressure, with the SCFI dropping by 3.3% last week while the SCFIS fell by 5.5%. Rates have remained under pressure since the US tariffs forced carriers to redeploy transpacific capacity to the European route since April but this is set to reverse in the next 3 months as US demand rebounds. Spot rates have dropped to a low as $1,600/FEU with carriers still under-cutting each other through the end of May. However, the situation is expected to reverse so
Shanghai–North Europe freight futures surged on 12 May with all contracts hitting their daily upper limit after the Sino-US trade deal was announced. Trading was brisk as volumes reached 158,000 contracts, almost double the average of the previous four days as both short covering and fresh buying lifted open interest to 104,000 contracts, up 19% from a week ago. The SCFIS fell a further 5.5% after market closed on 12 May, marking its 4th consecutive weekly drop but the forward curve is now pric
The de-escalation in the Sino-US trade war came earlier than expected after the 2 countries agreed to lower reciprocal tariffs to 30% for Chinese exports to the US for 90 days from 14 May 2025 while tariffs on US exports to China is lowered to 10%, setting the stage for a surge in Transpacific cargo volumes in the next 3 months. The 115% cut in US tariffs on China was larger than expected amidst signs of severe strain on US import volumes that would have hit store shelves in the coming weeks. T
Register Free Trial The de-escalation in the Sino-US trade war came earlier than expected after the 2 countries agreed to lower reciprocal tariffs to 30% for Chinese exports to the US for 90 days from 14 May 2025 while tariffs on US exports to China is lowered to 10%, setting the stage for a surge in Transpacific cargo volumes in the next 3 months. The volume rebound will coincide with the traditional summer peak season, with freight rates set to surge as a result. Carriers have pre-announced p
ONE and Samudera's newly upgraded Thailand India Gulf (TIG) service will drop calls at Nhava Sheva and Mundra from 18 May 2025 due to ongoing tensions between India and Pakistan. The revised TIG will call at Laem Chabang, Singapore, Karachi, Dammam, Jebel Ali, Port Qasim, Colombo, Singapore, Laem Chabang. The TIG has been calling at Laem Chabang, Singapore, Nhava Sheva, Mundra, Dammam, Jebel Ali, Colombo, Singapore, Laem Chabang since 16 April 2025, turning in 35 days using 5 ships of 3,000 teu