Consistent with the three Taiwan listed liners' revenue, OOCL's 2Q revenue dropped both QoQ and YoY. Among the routes, Transpacific underperformed being the only route with sequential drop in volume during 2Q 2025 on the Trump tariff. Transatlantic volumes accelerated to 20% year on year in 2Q 2025, from 8% year on year growth in 1Q 2025, along with a sequential increase in freight rates.
Unifeeder has started to offer slots on the India-Med Service (IMD) that is jointly operated by Arkas and Turkon that is branded respectively as the India Med Service (IMS) / Turkiye Red Sea India (TRI). The service calls at Ambarli (Kumport & Marport), Evyap, Aliaga, Mersin, Port Said East, Aqaba, Jeddah, Nhava Sheva, Mundra, Jeddah, Aqaba, Port Said East, Alexandria, Ambarli. Unifeeder's participation starts from 5 July 2025. The service turns in approximately 42 days on a 10 day frequency usi
Hai An has launched a new East China Express (ECX) service connecting Ho Chi Minh City, Haiphong, Lianyungang, Haiphong, Ho Chi Minh City from 2 July 2025. The service turns in 28 days and will deploy ships of 1,000-1,200 teu on a fortnightly frequency starting with the 1,200 teu HAIAN BELL at Ho Chi Minh City on 1 July, followed by the 1,032 teu HAIAN TIME on 14 July.
Freight futures in Shanghai declined across the board as buyers, having seized upon recent strength in the physical market, moved to unwind their positions. Open interest dropped to 73,658, the lowest since October 2024. Maersk swiftly raised its quote for shipments departing in the fourth week of July to $3,090 per FEU, up from $2,990 at its launch just a day earlier. Meanwhile, OOCL and ONE are cutting rates for near-term cargoes, leaving CMA CGM’s $4,745 per FEU quote for August shipments lo
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.