Transpacific freight rates recorded their largest ever one week jump as the impact of TACO (Trump Always Chickens Out) from the roll back of US tariffs has provided a windfall for the container market. The market surge has also spilled over into the charter market where vessel availability is very low and carriers are still seeking tonnage to take advantage of the large rate hikes. The legal challenge in the US to Trump’s tariffs has added further uncertainty to the transpacific traffic volumes
Charter rates have retraced all of their recent slump after the reversal of the US tariffs pushed the market back up to where they started in early April. Vessel availability in the larger sizes remains very limited with all open candidates over 4,000 teu including relet units already snapped up or withdrawn. Forward deliveries have stretched into September but with little clarity on market direction after the 90-day tariff truce ends in the US, only a few carriers are willing to commit forward
The EC2506 contract, which will be settled based on the average SCFIS published on the last three Mondays of June, currently trades at a 46% premium to the SCFIS, which remained in a narrow band of 1,247-1,265 index point in the last 3 weeks. Even if SCFIS matches the SCFI’s 38% gain last week, rates need to rise further to match current forward prices. Maersk’s extended their low Freight All Kinds (FAK) quotation for the second week of June at just $2,100 per FEU mid-week before raising them ab
Carriers pushed ahead with Asia-Europe rate hikes in June but the gains were lower than initially expected with the SCFI rates rising to $1,587/teu to North Europe, compared to initial plans to raise rates to $1,800-1,900/teu and $3,000-3,200/feu. Carriers have already started to undercut these rates with the Transpacific rate strength failing to spillover to the European routes. June rates are expected to roll back as attention shifts to the next round of rate hikes in July with CMA CGM announ
Register Free Trial Transpacific freight rates recorded their largest ever one week jump as the impact of TACO (Trump Always Chickens Out) from the roll back of US tariffs has provided a windfall for the container market. The market surge has also spilled over into the charter market where vessel availability is very low and carriers are still seeking tonnage to take advantage of the large rate hikes. The legal challenge in the US to Trump’s tariffs has added further uncertainty to the transpa
CMA CGM will launch a new Scandinavia West Coast Express (SWX) service connecting Gothenburg, Aarhus, Klaipeda, Gdansk, Gothenburg from 16 July 2025. The service will turn in 7 days using the 750 teu CT PACHUCA.
MSC will change the pairing of the Far East-Middle East Clanga service once again, dropping the planned combination with the Sentosa service to the PSW and switching to a new combination with the Chinook service to the PNW. The new Chinook-Clanga service will start from 6 June 2025 calling at Qingdao, Shanghai, Ningbo, Nansha, Singapore, Nhava Sheva, Dammam, Hamad, Cai Mep, Haiphong, Yantian, Ningbo, Shanghai, Qingdao, Busan, Seattle, Vancouver, Prince Rupert, Busan, Qingdao. The new pendulum
Tailwind's current Colombo-Chittagong feeder service will be extended into a new Tiger Express (TEX) service connecting Port Klang, Ho Chi Minh City, Port Klang, Colombo, Chittagong, Port Klang from 17 June 2025. The service will operate on a fortnightly frequency, turning in 4 weeks using 2 ships - the 1,756 teu NORDTIGER and 1,930 teu ASL PEONY. The service will allow for connections at Port Klang's Northport terminal to Tailwind's revised Panda Express (PAX) service that will connect Qingdao
Shanghai’s freight futures market drifted aimlessly on Friday, with traders caught between hopes for a rebound in shipping rates and a conspicuous lack of resolve among major liners. The indecision was plain to see. The Tianjin Shipping Index for Europe, a daily benchmark, fell 2.6% to $1,492 for a 20-foot container and $2,404 for a 40-foot box. With Chinese markets set to close on Monday for a public holiday, traders pared positions, sending open interest down 8% to fewer than 87,000 lots—the
MSC will upgrade its USA to South Africa service to a standalone service from October 2025, replacing its long standing America Express (AMEX) service jointly operated with Maersk. The enhanced USA to South Africa service will retain the same AMEX port rotation that calls at New York, Baltimore, Norfolk, Charleston, Freeport (Bahamas), Port Elizabeth, Durban, Cape Town, New York, with an additional call at Philadelphia to be added during the citrus season that normally runs from April to Octobe