Register Free Trial Transpacific freight rates recorded their largest ever one week jump as the impact of TACO (Trump Always Chickens Out) from the roll back of US tariffs has provided a windfall for the container market. The market surge has also spilled over into the charter market where vessel availability is very low and carriers are still seeking tonnage to take advantage of the large rate hikes. The legal challenge in the US to Trump’s tariffs has added further uncertainty to the transpa
CMA CGM will launch a new Scandinavia West Coast Express (SWX) service connecting Gothenburg, Aarhus, Klaipeda, Gdansk, Gothenburg from 16 July 2025. The service will turn in 7 days using the 750 teu CT PACHUCA.
MSC will change the pairing of the Far East-Middle East Clanga service once again, dropping the planned combination with the Sentosa service to the PSW and switching to a new combination with the Chinook service to the PNW. The new Chinook-Clanga service will start from 6 June 2025 calling at Qingdao, Shanghai, Ningbo, Nansha, Singapore, Nhava Sheva, Dammam, Hamad, Cai Mep, Haiphong, Yantian, Ningbo, Shanghai, Qingdao, Busan, Seattle, Vancouver, Prince Rupert, Busan, Qingdao. The new pendulum
Tailwind's current Colombo-Chittagong feeder service will be extended into a new Tiger Express (TEX) service connecting Port Klang, Ho Chi Minh City, Port Klang, Colombo, Chittagong, Port Klang from 17 June 2025. The service will operate on a fortnightly frequency, turning in 4 weeks using 2 ships - the 1,756 teu NORDTIGER and 1,930 teu ASL PEONY. The service will allow for connections at Port Klang's Northport terminal to Tailwind's revised Panda Express (PAX) service that will connect Qingdao
Shanghai’s freight futures market drifted aimlessly on Friday, with traders caught between hopes for a rebound in shipping rates and a conspicuous lack of resolve among major liners. The indecision was plain to see. The Tianjin Shipping Index for Europe, a daily benchmark, fell 2.6% to $1,492 for a 20-foot container and $2,404 for a 40-foot box. With Chinese markets set to close on Monday for a public holiday, traders pared positions, sending open interest down 8% to fewer than 87,000 lots—the
MSC will upgrade its USA to South Africa service to a standalone service from October 2025, replacing its long standing America Express (AMEX) service jointly operated with Maersk. The enhanced USA to South Africa service will retain the same AMEX port rotation that calls at New York, Baltimore, Norfolk, Charleston, Freeport (Bahamas), Port Elizabeth, Durban, Cape Town, New York, with an additional call at Philadelphia to be added during the citrus season that normally runs from April to Octobe
Jin Jiang Shipping has added an extended Saigon Shanghai Express (SSX) service connecting Haiphong, Ho Chi Minh City, Shanghai, Nagoya, Shimizu, Shanghai, Haiphong from 22 May 2025. The new SSX service turns in 3 weeks using 3 ships of 1,000-1,200 teu. It is an extension of the original SSX service that was first launched on 31 March 2025 to connect Shanghai, Haiphong, Ho Chi Minh City, Shanghai using the 1,182 teu MILD SYMPHONY and MILD CONCERTO. A 3rd ship, the 1,098 teu MILD SONATA has been
EC2508 surged during the afternoon session on rumors of another round of General Freight Rate increases for the second half of June, expected to be announced imminently. Maersk’s quotation for a June 12 shipment also rose, with some moves up to $2,319, which may have provided additional support to the market. Open interest in EC2508 increased by 2,813 lots.
PIL, HMM and X-Press Feeders will jointly launch a new North China Indonesia (NCI/NIS) / North China Java X-Press (NJX) service connecting Xingang, Qingdao, Xiamen, Singapore, Jakarta, Surabaya, Singapore, Xingang from 17 June 2025. The NCI/NIS/NJX service will turn in 5 weeks using 5 ships of 2,500-4,700 teu, initially comprising of the KOTA SEJATI, KOTA SEMPENA and KOTA SABAS from PIL, HYUNDAI UNITY from HMM and ZHONG GU TIAN JIN from X-Press Feeders.
CMA CGM will return to the Suez route on the Med Express (MEDEX) service from June 2025 with a new rotation calling at Abu Dhabi, Jebel Ali, Karachi (temporarily omitted), Mundra, Nhava Sheva, Colombo, Jeddah, Piraeus, Malta, Genoa, Fos, Barcelona, Valencia, Jeddah, Abu Dhabi. The new rotation will turn in 10 weeks using 10 ships of 6,000 to 10,000 teu operated by CMA CGM starting with the 9,658 teu CMA CGM PELLEAS at Abu Dhabi on 27 May 2025. The first MEDEX westbound transit on the Suez is sc