The Asia-North Europe rate slump received no respite after carriers abandoned the 1 Sept rate push and allowed rates to fall further as the SCFI rates dropped by 9.5% to $2,096/feu while the SCFIS fell by 11.7% in its sharpest weekly drop since February. Carriers’ reluctance to remove surplus capacity continues to be the bane of the market, with the limited Golden Week blank sailing program in early October a further sign the lack of discipline. Gemini carriers in particular will take out just
The number of new containerships ordered in the first 9 months of 2025 has reached 385 units for 3.36m teu. Full year numbers could match the record of 4.67m teu ordered in 2024 and 4.74m teu ordered in 2021 if the current pace of new ship contracting continues. The orderbook reached 32.2% of the operating fleet, and planned deliveries will hit 2.9m teu in 2027 and 3.8m teu in 2028. The new deliveries will far exceed the projected scrapping of older vessels in the coming 3 years. The widebeam
Register Free Trial \Although the composite SCFI index was unchanged last week, it masked conflicting performances across various key tradelanes with the Asia-Europe route slumping to its sharpest weekly decline since February while the Transpacific route showed surprising resilience and managed to hold on to most of its 1 September rate hikes. The resilience is not expected to last, with freight rates remaining under pressure due to the lack of capacity discipline. Golden Week blank sailing pr
Asean Seas Line (ASL) has extended its China-Hong Kong-Haiphong Express 1 (HHX1) service into an extended butterfly loop that incorporates the South China-Vietnam-Philippines 2 (SVP2) service. The extended HHX1/SVP2 service calls at Ningbo, Shanghai, Xiamen, Haiphong, Danang, Shekou, Nansha, Xiamen, Manila(S), Ningbo from September 2025, turning in 3 weeks using 3 ships of 1,182 teu - the CA OSAKA, CA MANILA and CA NAGOYA.
SITC has launched a new Far East-India Express (FIE) service connecting Xingang, Qingdao, Shanghai, Ningbo, Shekou, Chennai, Visakhapatnam, Haldia, Yangon, Ho Chi Minh City, Incheon, Xingang from 4 September 2025. The FIE service turns in 42 days and deploys 6 ships of 2,400 teu starting with the 2,433 teu SITC CAGAYAN at Xingang on 4 September.
CMA CGM's intra Asia shipping arm, CNC will launch a new Japan Philippines 9 (JP8) service connecting Shekou, Nansha, Subic Bay, Batangas, Cebu, Davao, Tokyo, Yokohama, Kobe Moji, Shekou from 15 September 2025. The JP8 service will turn in 28 days and will deploy 4 ships of 1,700-1,800 teu starting with the 1,781 teu LITTLE DOLPHIN at Shekou on 15 September 2025 to be followed by the 1,827 teu ARIONAS and ASTERIOS, and the 1,756 teu KUO LIN.
SITC will launch a new Vietnam Thailand Express 7 (VTX7) service connecting Ningbo, Shanghai, Haiphong, Qinzhou, Laem Chabang, Sihanoukville, Ningbo from 7 October 2025. The VTX7 service will turn in 21 days and will deploy 3 ships of 1,000 teu starting with the 1,011 teu SITC TOKUYAMA at Ningbo on 7 October.
Zim has launched a new West Turkiye Express (WTX) service connecting Izmir, Port Said, Haifa, Alexandria, Ambarli, Derince, Gemlik, Izmir from 6 September 2025. The WTX service turns in 14 days and will initially deploy the 1,984 teu MARLA TIGER on a fortnightly frequency.
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.