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 17% 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 9% quarter over quarter, missing the typical seasonal uptick. This underperformance is attributed to the negative impact of the Trum
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
Register Free Trial 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 announce
MSC has made the first move to withdraw excess capacity on the transpacific route with the suspension of the Pearl service that connects Cai Mep, Haiphong, Nansha, Hong Kong, Yantian, Xiamen, Long Beach. The last sailing on the Pearl service will be made by the 8,819 teu MSC ELODIE from Xiamen on 13 July 2025. The Pearl service is currently operated as part of Pearl-Shikra service since May 2025 using ships of 8,000 to 9,400 teu. The Far East-India leg is expected to be retained after the remov