COSCO and X-Press Feeders have revised the rotation of their jointly operated Eastern Caribbean Service (ECX)/Trinidad Guyana X-Press (TGX) service with the former call at Kingston replaced by a new call at Manzanillo in Panama from 1 April 2025. The revised ECX/TGX will call at Manzanillo (Pan), Caucedo, Port of Spain, Georgetown, Paramaribo, Port of Spain, Kingston. The revised service will continue to turn in 21 days using 3 ships of 1,100 teu to 1,300 teu, starting with the 1,110 teu WIND f
Evergreen will launch a new Vietnam Thailand Malaysia service (VTS) calling at Shekou, Nansha, Sihanoukville, Laem Chabang, Singapore, Batam, Port Klang Westport, Shekou from 18 April 2025. The service will turn in 3 weeks and will initially operated with 2 ships of 1,800-1,900 teu, EVER CORE and EVER CHARM, with 1 blank sailing in each 3 week cycle. It will feature a direct connection from South China, Cambodia and Thailand to Batam, with Evergreen and SITC the only carriers to provide regular
A new Central America carrier, ServiPort Marine Line has launched a Honduras-South Florida service connecting Puerto Cortes, Port Everglades, Puerto Cortes with the 310 teu general cargo ship SVL HONDURAS from 7 March 2025 with a weekly service frequency.
Global port congestion continues to show no improvements with several main Chinese ports experiencing severe delays, particularly in Ningbo, Shanghai and Qingdao where waiting times have increased to up to 5 days. The total number of ships waiting at anchorages n North Asia averaged over 1m teu last week due to both weather-related delays as well as high vessel traffic. These delays will also impact ports further downstream especially around Southeast Asia where congestion has also been rising.
US efforts to revive its shipbuilding industry will achieve little traction despite the USTR’s proposal to impose a levy on Chinese built ships as well as remissions for operators using US built ships. There are currently only 63 US-flagged containerships, accounting for just 0.9% of the global fleet of 6,874 ships currently. Only 25 of the US flagged ships were built in the US primarily to serve the Jones Act trades, while the rest of the 38 ships were built outside of the US. Maersk, CMA CGM
Container freight futures retreated over the past week with growing concerns over the carriers’ persistent rate cuts. Despite MSC’s announcement on 12 March to raise its Asia-North Europe base rates to $4,000 per FEU from 1 April, it has provided rate offers at $2,090 per FEU until 6 April, effectively undermining their planned rate hike. Trading volumes fell by 17% week-over-week, while open interest remained largely unchanged as trader wait for fresh directions. Despite last week’s sharp decl
Capacity utilization on the Asia-North Europe services fell to their lowest levels since 2020, with no signs of a rebound in cargo volumes. Average utilization has dropped below 90% forcing carriers to slash rates with the SCFI tumbling by a further 15.2% last week. Although carriers are gunning for another round of rate hikes to bring base rates back up to $4,000/feu, it will be a tall order as current spot rates have already dropped below $2,000/feu with some carriers even extending the curre
Register Free Trial Capacity utilization is slipping across all key trade routes with 3 out of the 4 main tradelanes falling below 90%. Despite this, carriers are pushing ahead with new service launches with a new Asia-North Europe service and 3 new Asia-South America services to be launched next month including a new China-Mexico service that will feature 7 new Asian entrants to the Mexican market. The unabated demand for ships is keeping the charter market high despite the freight market slu
A partnership involving 7 Asian carriers have teamed up to launch a new Asia-Mexico Express (AMX) service that is set to start from 30 April 2025. The AMX will call at Shanghai, Qingdao, Busan, Manzanillo, Shanghai and is expected to deploy 7 ships of 3,000 to 4,000 teu operated by Emirates Shipping, KMTC, RCL, Sinokor, Sinotrans, SeaLead Shipping and TS Lines. The new service will be a landmark move for all the 7 carriers who are entering the Mexico trade for the first time and will complement
Evergreen has split the OCEAN Alliance PNW3 - Asia Northwest Persian Gulf (ANP) service into 2 separate services in order to minimize schedule disruptions caused by the persistent port congestion at Vancouver which have faced berthing delays of up to 7 days. The PNW3 - Asia Northwest Persian Gulf (ANP) was originally slated to operate as a Middle East-Far East-US West Coast pendulum service calling at Dammam, Umm Qasr, Jebel Ali, Port Klang Westport, Laem Chabang, Cai Mep, Kaohsiung, Yantian, Sh