CMA CGM's intra-Asia arm CNC has teamed up with CK Line and SeaLead to launch a new Korea Indonesia 8 (KI8)/China Indonesia Korea (CIK)/Intra Asia Service (SEA7) connecting Busan, Incheon, Shanghai, Ningbo, Jakarta, Semarang, Ho Chi Minh City, Busan from 15 September 2025. The KI8/CIK/SEA7 service will turn in 28 weeks and deploys 4 ships of 1,700 to 2,800 teu starting with the 2,822 teu CNC PANTHER at Busan on 15 September to be followed by the 2,693 teu SKY PRIDE from CK Line and 1,732 teu HA
ANL/CMA CGM will launch a new Northeast Asia to PNG and Far North Queensland APR2 service connecting Qingdao, Busan, Shanghai, Ningbo, Nansha, Lae, Motukea, Brisbane, Gladstone, Townsville, Qingdao from 12 September 2025. The service turns in 42 days using 3 ships of 1,700 teu on a fortnightly frequency starting with the 1,756 teu SAN GIORGIO at Qingdao on 12 September, followed by the 1,740 teu ELA and 1,794 teu SEVILLIA.
COSCO has launched a new Yangpu Batam Express (YBX) connecting Yangpu, Kota Kinabalu, Batam, Singapore, Yangpu from 13 August 2025. The service turns in 14 days and operates initially on a fortnightly basis with the 1,064 teu CTP MAKASSAR from Yangpu on 13 August 2025 for a single round trip before being replaced by the 1,008 teu DANUM 171 at Batam on 1 September 2025.
COSCO will launch a new Southeast Asia India 1 (SEI1) calling at Surabaya, Jakarta, Singapore, Port Klang, Nhava Sheva, Port Klang, Singapore, Surabaya from September 2025. This service will turn in 28 days using 4 ships of 2,700 to 4,200 teu srarting with the 4,250 teu XIN TAI CANG at Surabaya on 24 September 2025.
The futures opened higher on Maersk's blank sailing announcement but reversed course through the morning as traders judged that the blankings would not be sufficient to halt the spot rate decline. Bottom fishers then entered the market before HMM’s rate cut (from $2,100 to $1,700 per FEU) on next week’s sailings sent shockwaves through the market. Liquidation for EC2510 continued while the open position for EC2512 remain depressed.
CMA CGM has launched a new new Male Shuttle (MLEFEED) service connecting Colombo, Male, Colombo from 24 August 2025. The service turns in 14 days and will operate initially with the 1,794 teu SEVILLIA and 1,713 teu CMA CGM DANANG.
CMA CGM will launch a new intra-Med Maestrale Service connecting Malta, Durres, Rijeka, Salerno, Malta from 5 October 2025. The service turns in 14 days and will initially deploy the 750 teu JSP CARLA and 707 teu MEDKON SAMSUN.
The idle containership fleet continued to creep upwards to reach 148,000 teu or 0.5% of the total fleet this week, driven entirely by the redelivery of 15 of SeaLead’s OFAC sanctioned ships that has added 67,400 teu to the idled fleet capacity after they completed cargo discharge. SeaLead has confirmed that it has permission from OFAC to load empty containers from the Med on one remaining 6,882 teu ship that is currently making its way back to Asia. SeaLead has not been able to replace these re
Asia-Europe freight rates continued to slide, with both the SCFI and SCFIS indices recording accelerated declines. Carriers have largely abandoned any hopes for a September rate push, and are shifting their attention to filling their ships and building up cargo roll pools ahead of the Golden Week holidays in October. Carriers have only themselves to blame for their current predicament given the total absence of capacity withdrawals necessary to arrest the declining freight rates. Their willingn
Freight futures listed in Shanghai extended their decline from the final hour of yesterday’s session (2 Sep), as traders began to question whether MSC’s blanking of four voyages would be enough to offset the expected volume dip in the first half of October. In the physical market, however, liners continue to cut quotations for September FAK shipments, with Gemini operators reducing their offers to USD 1,650–1,700 per FEU. Trading volume fell sharply from yesterday’s 117,491 contracts to 40,534