The 2,407 teu HORIZON ENTERPRISE has been scrapped in Alang under the scrap name ENTERPRISE on 10 July 2025, marking the first US built containership to be scrapped outside of the US since 2016. The HORIZON ENTERPRISE was delivered as the AUSTRAL PURITAN in July 1980 as the second unit of 2 ships of the C8-S-85d class built at Bethlehem's Sparrows Point shipyard for Farrell Lines. The first ship of the series, the AUSTRAL PIONEER was scrapped earlier as the HORIZON PACIFIC in Brownsville, Texas
New New Shipping has kicked off the first sailing on the Northern Sea Route (NSR) for the 2025 season with the 1,220 teu XIN XIN HAI 1 at Lianyungang on 8 July 2025 for a trip to Arkhangelsk. New New Shipping completed 13 voyages on the NSR in 2024, with Safetrans making a single voyage. The NSR window runs from July to October of each year.
Freight futures listed in Shanghai edged higher today, supported by a modest but positive movement in Maersk’s freight rate quotations. After the market closed yesterday (9 July), Maersk published a new rate of $2,990 per FEU for Shanghai to Rotterdam shipments in the fourth week of July, compared to last week’s rate of $2,980 per FEU for the third week of July. The latest quotation quickly rose to $3,000 per FEU, indicating strong buying interest at this level.
Transit Line has launched a new China-Novorossiysk FETLED Express service connecting Qingdao, Shanghai, Nansha, Ambarli, Izmit, Novorossiysk, Qingdao with the 1,930 teu TRANSIT TAVAYZA on 23 June 2025. The service will operate on an irregular basis with a turnaround time of 9 weeks.
Taiwan-listed container liners reported a 14% month-over-month rebound in June revenue, outpacing the average China Containerized Freight Index (CCFI) rebound of 15% month over month. Analysts may have anticipated the liners' revenue to outperform the CCFI, given the clear evidence of a volume pickup during June. For the second quarter of 2025, revenue declined by 10% quarter over quarter, missing the typical seasonal uptick. This underperformance is attributed to the negative impact of the Tru
Clarion Shipping West Africa has completed the first voyage on its newly acquired 349 teu OCEAN DRAGON on an ad hoc trip from Qingdao to Lagos on 2 July 2025 after a 11 week voyage that started at Qingdao on 16 April 2025. The ship will be deployed on a new West Africa coastal service connecting Nigerian ports.
There is no improvement in the port congestion in North Europe, with waiting times at Rotterdam and Antwerp extended up to 7 days, while berthing at Hamburg and Bremerhaven are delayed up to 3 days. Barge delays also remain severe with waiting times of up to 3 days, which has exacerbated the severe yard congestion situation. Spot rates to North Europe continue to edge upwards on rising utilization which edged higher as weekly capacity remained steady at 300,000 TEU for a third consecutive week,
CMA CGM leads the list of carriers on the Suez/Red Sea route with 12 containership passages in June. Apart from regular passages on its Asia-Med Phoenician Express and Levant-Middle East Express services that have retained their Suez routing since last year, CMA CGM added 3 ad-hoc sailings last month, including the first of the Middle East-Med Express ships that will resume full Suez passages from the end of June. CMA CGM was the only main carrier to enjoy the Suez Canal Authority’s 15% discoun
The strength of the US container cargo demand remains very much in evidence, with preliminary import volume data for May and June showing imports from Asia declining by only 5.6% in the last 2 months despite the severe disruption from the Trump tariffs. Although imports from China dropped by 24% yoy, volumes from all other Asian origins recorded positive gains, led by Vietnam and Indonesia which grew by 34% and 33% respectively. The 20% tariff on Vietnamese imports announced last week will not
After a day of mark-to-market trading yesterday (8 July), futures participants retreated to the sidelines today (9 July), awaiting the next catalyst. Market consensus remains stubbornly bearish, with most expecting freight rates to decline. The principal concern among traders is not a sudden surge in rates, but rather that time may run out for a meaningful drop before the August contract expires. Both daily volume and open interest dropped sharply day to day today. Vessel utilisation continues