Newly established carrier Warisan Shipping Line (WSL) has launched a new Singapore Express Service connecting Singapore, Muara, Kota Kinabalu, Singapore from 4 August 2025 with the 1,118 teu JI YUN 16. The service turns in 12 days, with a second ship expected to join later. WSL was established in March 2025 in Brunei to provide shipping services in the ASEAN region.
WEC Lines will upgrade 2 of its existing services connecting the North Continent with Iberia/Canary Islands. The new NWC Portugal (NWC PT) will call at Rotterdam, Moerdijk, Antwerp, Vigo, Leixoes, Setubal, Montoir, Rotterdam, turning in 14 days using 2 ships of 1,000 teu (WEC VAN RIJN and WEC DE HOOGH) from 30 August 2025. The NWC Canary Islands (NWC CAI) will call at Hamburg, Thamesburg, Moerdijk, Bilbao, Vigo, Leixoes, Las Palmas, Santa Cruz, Sines, Hamburg, turning in 21 days using 3 ships
Freight futures contracts listed in Shanghai continued to decline. Trading volume remains steady but low, while open interest continues to rise. The main news concerns ONE reducing its quotation for shipments by $200 to $2,143 per FEU, and Hapag Lloyd lowering its rate for shipments departing in the last week of September by $200 to $1,835 per FEU.
Freight futures contracts in Shanghai experienced a sharper decline today compared to the average movements of the past two months, as traders showed increased conviction. The drop remains primarily driven by short sellers, while some buyers who believe the market is nearing a bottom continue to step in. As a result, both short and long positions attracted fresh capital, leading to a rise in open interest.
MSC will launch a revised USA-West Africa-South Africa Express (USWASA Express), service from 1 October 2025, with the addition of new calls at West Africa to replace its current USA to South Africa service that it jointly operates with Maersk. The USWASA will call at New York, Baltimore, Savannah, Freeport, Lome, Durban, Coega, Cape Town, San Pedro, New York with an additional call at Philadelphia to added on a seasonal basis. The service will turn in 9 weeks and will deploy 9 ships of 2,500
Freight futures contract prices continued to decline in response to the liners’ latest pricing actions. The primary selling pressure emerged in the afternoon, with most contracts closing near their intraday lows. Liquidity fell further to 25,424 contracts—the lowest level since April 2024. Open interest edged up slightly.
The idle containership fleet has crept above 125,000 teu for the first time in 15 months, due to the removal of 12 ships linked to Iranian interests that have left the SeaLead fleet over the past 3 weeks. 4 of these ships are heading to Khor Fakkan, while the remaining ships are waiting for orders at Chinese and Malaysian anchorages after completing cargo discharge in China and Port Klang. 4 more ships are due to be redelivered by SeaLead in the coming week, with no immediate replacements to fil
Only 12 containerships with a total capacity of 8,465 teu have been scrapped so far this year, with a further 6 ships lost at sea or converted to other usage. However, there are numerous candidates for removal from service, which in our view are older vessels facing substantial capital expenditure. Currently, 52 ships totaling 98,882 TEU are over 25 years old and due for special survey. Notwithstanding the low level of vessel deletions recorded so far this year, a larger challenge lies ahead a
Asia-Europe freight rates have seen bigger slides in the past week with space constraints easing as peak season demand have passed. The port congestion in North Europe that has provided some rate supposed has also improved slightly with yard utilization starting to trend down from critical levels in Antwerp and at some of the terminals in Rotterdam. However, Med port congestion remains high especially at Valencia and Genoa. The Turkish ban on Israeli ships has affected Zim’s Med service, which
EC2512 continued to attract short selling throughout the day. For all EC contracts, a total of 34,224 contracts changed hands, marking one of the lighter trading sessions in terms of daily volume. Open interest rose by 1% to 79,739 contracts. For 1 September shipments, CMA CGM reduced its quoted rate from $2,420 to $2,200 per FEU, while Maersk listed $1,900 per FEU for cargo departing in the second week of September.