Futures traders in Shanghai maintain their risk-off mode—further liquidation by short sellers pushed prices higher. EC2510 dropped as diverging quotations among liners again cast doubt on the mid-October GRI. The new Chinese Port Dues targeting ships owned or controlled by US interests affect only 6 ships or 1.6% of the capacity currently deployed in the Far East to North Europe route.
CMA CGM will add new calls at Qingdao and Aqaba on its stand-alone Asia-Red Sea REX2 service from 16 October 2025. The enhanced REX2 service will call at Qingdao, Shanghai, Ningbo, Shekou, Nansha, Singapore, Djibouti, Jeddah, Sokhna, Aqaba, Qingdao, turning in 9 weeks using 9 ships of 5,000 to 9,000 teu with a extra week added to the rotation.
Classical risk off rally today starting from the afternoon session: big price move but also a lot of liquidation. So most of the buy trades were just short covering. The news was China's big port due on US related vessels kick in today, which may force the carries to withdraw some capacity etc. What may have gone unnoticed in the market was the Maersk listed $1,800 per FEU for the 30 Oct i.e. the first week of November, which is even lower than the freight rates that it quoted for the shipments
Register Free Trial Sino-US trade tensions escalated over the past week after China announced retaliatory special port fees targeted at US-linked companies with a much wider coverage than initially expected. Even following a last minute notice to exempt ships built in China, container carriers could be liable to pay up to $2.3Bn in the first year for calling at Chinese ports, compared to $1.2Bn that Chinese operators would pay for calling at US ports starting from 14 October. The US threatened
TS Lines will cease its participation on the Transpacific trade from November 2025 when it withdraws its single vessel operated on the Asia-US West Coast (AWC) service that is jointly operated with SeaLead and KMTC. The 2,954 teu TS TACOMA will end its AWC rotation at Busan on 29 October and will be redeployed to the China-Australia CA3 service. The AWC service was launched in June 2024 and turns in 6 weeks callings at Qingdao, Shanghai, Ningbo, Busan, Long Beach, Busan, Qingdao. The service wi
CU Lines will add a new Sokhna-Jeddah-Aden (SJA) service connecting Sokhna, Jeddah, Aden, Jeddah, Sokhna from 29 October 2025. The service will turn in 18 days using the 870 teu SUNNY 68 on a rolling 18 day frequency.
The Taiwanese and OOCL's 3Q top line reports suggested sequential increase in earnings during 3Q but the level of earnings will likely be on par with 1Q 2025 but unlikely to be substantially higher than the same in 1Q 2025. ONE has guided 62% higher EBIT for 3Q 2025 comparing to 1Q 2025. Taiwanese liners reported September revenue, which dropped by 8% month on month but declined by 31% year on year as the recently seasonal uptick in freight rates peaked in July. For 2025 3Q, the Taiwanese liner
There were more sell-offs today, but overall trading volume was lighter than yesterday but still showed better speculative interest comparing to what we have seen seen in the past month. Open interest rebounded above 70,000. SCFI-EUR jumped 10% after the market, reflecting liner quotations, though cracks remain apparent as several carriers have extended their current rates into the third week of October.
The SCFI and CCFI have slipped by 70% and 50% respectively since their 2024 peaks, but Linerlytica’s Charter Rate Index (CRI) has continued to rise throughout this period. The CRI to CCFI ratio has reached a record high of 318%, but charter rates and second hand prices show no signs of weakening as carriers continue to chase after tonnage in an early warning that capacity management remains elusive. The mid-October rate hikes are unlikely to succeed given the lack of capacity cuts even as the m
Futures traders in China returned from the week-long holiday to a sell-off triggered by peace news from the Middle East. However, near-term contracts proved resilient, with EC2512 dipping below 1,600 at its intraday low before rebounding to close just 1.8% lower, while EC2510 held firm, supported by liner efforts to raise rates for shipments departing from 15 October. Maersk and ONE posted freight rates below the industry average target of $2,000 for the second half of October, signaling early