Shandong Marine Corporation (SMC) has launched a new Qingdao-Jeju container service connecting Qingdao, Jeju, Qingdao. The service will deploy the 672 teu SMC RIZHAO on a weekly rotation starting from 16 October 2025 at Qingdao, becoming the first service to provide regular direct connections between China to Jeju in South Korea.
The long position holders also entered liquidation mode as the new quotations from the liners continue to disappoint with quotation for last week of October lowered to $1500 per FEU. EC2510, which is trading at 7% premium to the latest SCFIS, is testing the 1,100 level. The recent low of this contract was 1,050 on 19 September.
Futures traders in Shanghai maintain their risk-off mode—further liquidation by short sellers pushed prices higher. EC2510 dropped as diverging quotations among liners again cast doubt on the mid-October GRI. The new Chinese Port Dues targeting ships owned or controlled by US interests affect only 6 ships or 1.6% of the capacity currently deployed in the Far East to North Europe route.
CMA CGM will add new calls at Qingdao and Aqaba on its stand-alone Asia-Red Sea REX2 service from 16 October 2025. The enhanced REX2 service will call at Qingdao, Shanghai, Ningbo, Shekou, Nansha, Singapore, Djibouti, Jeddah, Sokhna, Aqaba, Qingdao, turning in 9 weeks using 9 ships of 5,000 to 9,000 teu with a extra week added to the rotation.
Classical risk off rally today starting from the afternoon session: big price move but also a lot of liquidation. So most of the buy trades were just short covering. The news was China's big port due on US related vessels kick in today, which may force the carries to withdraw some capacity etc. What may have gone unnoticed in the market was the Maersk listed $1,800 per FEU for the 30 Oct i.e. the first week of November, which is even lower than the freight rates that it quoted for the shipments
Register Free Trial Sino-US trade tensions escalated over the past week after China announced retaliatory special port fees targeted at US-linked companies with a much wider coverage than initially expected. Even following a last minute notice to exempt ships built in China, container carriers could be liable to pay up to $2.3Bn in the first year for calling at Chinese ports, compared to $1.2Bn that Chinese operators would pay for calling at US ports starting from 14 October. The US threatened
TS Lines will cease its participation on the Transpacific trade from November 2025 when it withdraws its single vessel operated on the Asia-US West Coast (AWC) service that is jointly operated with SeaLead and KMTC. The 2,954 teu TS TACOMA will end its AWC rotation at Busan on 29 October and will be redeployed to the China-Australia CA3 service. The AWC service was launched in June 2024 and turns in 6 weeks callings at Qingdao, Shanghai, Ningbo, Busan, Long Beach, Busan, Qingdao. The service wi
CU Lines will add a new Sokhna-Jeddah-Aden (SJA) service connecting Sokhna, Jeddah, Aden, Jeddah, Sokhna from 29 October 2025. The service will turn in 18 days using the 870 teu SUNNY 68 on a rolling 18 day frequency.
The Taiwanese and OOCL's 3Q top line reports suggested sequential increase in earnings during 3Q but the level of earnings will likely be on par with 1Q 2025 but unlikely to be substantially higher than the same in 1Q 2025. ONE has guided 62% higher EBIT for 3Q 2025 comparing to 1Q 2025. Taiwanese liners reported September revenue, which dropped by 8% month on month but declined by 31% year on year as the recently seasonal uptick in freight rates peaked in July. For 2025 3Q, the Taiwanese liner
There were more sell-offs today, but overall trading volume was lighter than yesterday but still showed better speculative interest comparing to what we have seen seen in the past month. Open interest rebounded above 70,000. SCFI-EUR jumped 10% after the market, reflecting liner quotations, though cracks remain apparent as several carriers have extended their current rates into the third week of October.