SeaLead has updated the port rotation on its Far East Asia-Middle East (FAM) service to call at Qingdao, Xingang, Dalian, Shanghai, Ningbo, Nansha, Khor Fakkan, Jebel Ali, Hamad, Khor Fakkan, Nansha, Qingdao. A new call at Hamad has been added from 13 December 2024, replacing the previous call at Sohar.
SITC has revised the rotation of the China Vietnam Malaysia 2 (CVM2) service from December 2024 to call at Nansha, Chiwan, Xiamen, Kota Kinabalu, Bintulu, Ho Chi Minh City, Nansha. The previous northbound calls at Qinzhou and Haiphong are removed and replaced by a new call at Ho Chi Minh City from 16 December 2024. The CVM2 will retain a 21 day turnaround using 3 ships of 1,000 teu.
The EC contracts continue to decline due to aggressive pricing from the largest shipping lines and concerns about a potential resumption of Red Sea passage under the Trump administration. On the liners' pricing, Maersk has offered the lowest quotation at $3,400 per FEU for shipments departing on January 20 and January 22. Tianjin - North Europe freight index, being published daily by Tianjin Shipping Exchange, dropped 5.65% overnight today.
Charter market activity has been muted in the last 2 weeks due to the Christmas and New Year holidays with attention mostly focused on the smaller sizes. Rates for both the 1,100 teu and 1,700 teu classes continue to firm on healthy demand across all markets. Above 2,700 teu, there are very few open candidates apart from takers willing to accept forward fixtures that now extend to the 2nd half of the year. COSCO has been most active in the past week with charter renewals and new fixtures that we
Port congestion persisted over the New Year holidays especially across certain key ports in Europe and North American ports where long berthing delays remain unresolved. Congestion at European ports remain at a 2 year high with very serious delays at Antwerp, Hamburg, Le Havre, Rotterdam and Southampton in North Europe and at Ambarli, Genoa, Piraeus and Valencia in the Mediterranean. Severe weather conditions coupled with labour shortages have badly disrupted operations at these ports, with only
EC container freight futures plunged between 4% and 11% week on week, with April contracts taking the hardest hit. Although average daily trading volume ticked up by 4%, it is 29% lower than the 2024 full year average of 87,000 lots per day. The EC2502 February contract dropped 9% WoW and is currently trading at a 40% discount to the latest SCFIS index released after market close on 6 January, with rising concerns over carriers’ aggressive pricing in January with further rate cuts expected post
Register Free Trial Market focus is shifting to the new Alliances’ services to be launched in February, when the currently buoyant container freight and charter market will be keenly tested. Freight futures to Europe have slumped in the past week with carriers already rolling back their recent rate gains even as forward rates are expected to fall continuously through the rest of 2025. The Transpacific market is moving in the opposite direction, with carriers able to secure an early January rate
TS Lines has revised the port rotation of its self-operated Asia West Coast 2 (AWC2) service from October 2024 to call at Xiamen, Nansha, Shekou, Yantian, Los Angeles, Xiamen. The revised AWC2 replaces the previous AWC2 rotation that called irregularly at Nansha, Xiamen, Los Angeles, Nansha with ad hoc calls at Hong Kong, Kaohsiung and Busan. The service currently deploys 4 ships of 1,700 teu on a 42 day rotation with 2 skipped sailings in the cycle.
Kawa Shipping and Zhejiang Seaport Logistics Group have launched a new China-Europe Express (CEX) service connecting Ningbo, Wilhelmshaven, Ningbo from 29 December 2024. The CEX service will offer a 26 day transit time between China and Germany which is currently the fastest service on this route as it will use the Suez Canal while all the other services are on the Cape route. The maiden sailing started with the 2,496 teu KAWA NINGBO that departed from Ningbo on 30 December and is scheduled to