All News


ONE adds Southeast Asia to India and Gulf (SIG) service

ONE has announced the launch of a new Southeast Asia to India and Gulf (SIG) service from 16 November 2023. The service will call at Singapore, Nhava Sheva, Mundra, Dammam, Jebel Ali, Cochin, Colombo, Singapore using 4 ships that are yet to be assigned in a 28 day rotation.


CoFIF Volume Hit New High Despite of Fees Hike

CoFIF trading stays red hot despite of the continuous decline in the FE-NEUR spot rates. Prices for all 5 CoFIF contracts were down 5-7% WoW but the CoFIF were still trading at 20-40% premium to the spot. Trading volume made new high on Friday with close to 500,000 contracts changed hands despite the exchange doubled the transaction fees on Thursday. It is the second time in less than 2 months that the INE has increased the transaction fees. The turnover-to-OI ratio now stayed high at 5x as th


Action Speaks Louder Than Words

Liners are pushing for GRIs in November. But following their recipe in June i.e. to cut down on the capacity, they are going to increase their capacity as shown by Linerlytica's Capacity Watch. Save for FE-FE-NEUR trade, the main west-east trades will see capacity increase by 9-22% MoM in November: FE-WCNA weekly capacity will increase by 22% MoM in NovemberFE-ECNA weekly capacity will increase by 16% MoM in NovemberFE-NEUR weekly capacity will decrease by 5% MoM in NovemberFE-MED weekly capac


Peak Season Ended Early, As Latest Port Data Showed

Initial ports data for September suggests cargo volumes have already started to drop ahead of the Chinese holidays in October, confirming the weak peak season trend this year. Container volumes fell month on month across the 4 main Far East ports that have published their September volumes so far at Shanghai, Singapore, Shenzhen and Hong Kong, with the falls ranging from -2.8% to -4.5%. Despite the reduced MoM volumes, they were mostly still ahead of the same period last year with Shenzhen in p


Idles Up, Charter Rates Down

Charter rates are seeing sharper drops with the start of the winter slack season further pushing down market sentiment while charter periods are also significantly shortened with more flexible delivery periods of 1-6 months being reported. Idle tonnage is starting to build up again but the pace of idling is still slower than last year, with most of the larger ships due to return to service by November. However, the build up of surplus tonnage is starting to bite with even MSC forced to idle

Port Congestion

Global Congestion Continues to Ease

Carriers have retained their services to Israel and are continuing to accept bookings with the Israeli ports of Haifa and Ashdod remaining open through the week with only minor congestion issues reported due to increased security checks and labour shortages. Congestion in the rest of the Med region also appears to be under control with no vessel build up recorded. Global congestion has continued to ease with only minor delays reports in several hotspots, with Savannah continuing to see the wor


Impact of CBER expiry on the liner shipping market overplayed

The impact of the EU Consortia Block Exemption Regulation (CBER) expiry on 25 April 2024 on the liner shipping market has been overplayed by the carriers and their detractors. Of the 43 consortia that operate in the European Union in 2020, only 13 actually qualify for the block exemption while the remaining consortia exceeds the 30% market share ceiling including each of the 3 global alliances (2M, OCEAN Alliance and THE Alliance). The removal of the CBER will not impact existing alliance arra


Freight Rate Watch: More Blankings from 2M to Arrest Falling Rates

Transpacific rates to the US West Coast enjoyed a minor rebound last week, on the back of strong e-commerce cargo demand after the Chinese Golden Week holidays coinciding with reduced capacity availability due to blanked sailings with week 41 capacity more than 40% less than usual. East Coast rates remained under pressure but the rate of decline has slowed due to reduced capacity availability. But more space will return in November, with current projections showing a 22% increase to the West Co


Market Pulse – 2023 Week 42

Register Free Trial [] The EU’s withdrawal of the Consortia Block Exemption Regulation (CBER) for liner shipping will strengthen rather than weaken existing carrier alliances, with OCEAN and THE Alliance members now less likely to break up their current cooperation before the expiry of the current agreements in 2027. Carriers were able to reverse the decline in freight rates with the SCFI registering its first weekly rise since early Augu


Zim to launch maiden FE-WCSA ZIM Albatross (ZAT) service

Zim will launch its first FE-WCSA service branded as the ZIM Albatross (ZAT) starting from 13 November 2023. The new service will call initially at Ningbo, Shanghai, Qingdao, Lazaro Cardenas, Buenaventura, Guayaquil, San Antonio, Hong Kong for its first 3 sailings before switching to a full rotation calling at Xingang, Qingdao, Shanghai, Ningbo, Busan, Lazaro Cardenas, Buenaventura, Guayaquil, Callao, San Antonio, Busan, Xingang on a 77-days round trip. Zim will deploy up to eleven ships of 3,5

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