MSC and Zim will restore the 1 of the 2 Far East-US East Coast services that was suspended since the beginning of May 2025. The 2 affected services are as follows: * Empire/Zim North Star (ZNS) service is resumed after 6 blanked sailings starting with the 6,724 teu MSC BARBARA at Qingdao on 14 June 2025. The service will resume its rotation calling at Qingdao, Shanghai, Ningbo, New York, Norfolk, Baltimore, Busan * Pelican/Zim South Lotus (ZSL) service is still suspended with all of its previ
All of the Far East-US West Coast transpacific service that were withdrawn in April and May 2025 will be fully re-instated following the rebound in cargo demand after China and the US reached an agreement to pause reciprocal tariffs for 90 days from 14 May 2025. The services that will return are as follows:- * Zim ZX2 - Servce returns after 6 weeks of blanked sailings with 5,500 teu COLORADO at Xiamen from 23 May 2025 * COSCO/OOCL SEA3/PSX - Service returns with fortnightly sailings after 6
Evergreen will launch a new China-India Express Service 8 (CIX8) calling at Qingdao, Xiamen, Nansha, Dachan Bay, Port Klang West, Colombo, Nhava Sheva, Mundra, Port Klang West, Qingdao from 22 June 2025. The CIX8 will turn in 42 days and will deploy 6 ships of 5,500 teu.
Register Free Trial The Sino-US trade deal has created a perfect storm for the container market, that will further lift carriers’ earnings in the next 2 quarters. The sharp rebound in transpacific cargo bookings have pushed up freight rates over the past week with further rate hikes planned from 1 June. Carriers are scrambling to redeploy their ships to the US to take advantage of the rate bonus with KMTC becoming the latest new entrant on the transpacific. Charter rates are also enjoying a st
ONE, HMM and Yang Ming will bring forward their Premier Alliance Pacific South 5 (PS5) service launch to 5 June 2025 in anticipation of increased market demand following the Sino-US trade deal that provided a 90 day reprieve on tariffs from 15 May 2025. The PS5 will call at Qingdao, Ningbo, Long Beach, Oakland, Kobe, Qingdao turning in 6 weeks using 6 ships of 6,500 teu starting with the 6,588 teu YM MOBILITY at Qingdao on 5 June 2025. The Premier Alliance PS4 and PS6 service will be revised f
KMTC is set to become the 3rd South Korean carrier in the Transpacific trade with the launch of its APX service when it joins the Asia West Coast (AWC) service operated by SeaLead and TS Lines from 17 June 2025. The move will mark KMTC’s return to the US after a 40 year absence as it was previously active in the transpacific trade in 1978 to 1985. The AWC/APX service will be upgraded at the same time, with larger vessels of 6,000-10,000 teu replacing the 2,900-5,600 teu ships that are currently
Newly established Midline Shipping will launch a new Italy-Turkey-Libya service from 23 May 2025 using the roro ship MIMER to connect Venice, Brindisi, Misurata, Benghazi, Izmir, Benghazi, Misurata, Venice. MIMER provides total roro capacity of 1,032 lane meters and has a container capacity for 120 teu on deck.
The freight futures contracts dropped this morning on profit taking with longer dated contract being weaker. Trading remain active as 105,043 contracts traded before the intermission for the morning session. Open interests remain at over 120,000 contracts. Liner's FAK quotations for Shanghai-WCNA mostly remain unchanged except for Maersk that again adjusted its quotations for May shipment upward, this time by $250/FEU to $3600 for 26 May departure. Last week's SCFI for USWC was $2347 per FEU. F
The main contracts, EC2506 and EC2508, nearly hit their limit up before moving sideways for the rest of the day. In contrast, the longer-dated contracts faced selling pressure, as traders used them to express skepticism about the sustainability of the current rally. The doubts center on whether Chinese factories are already operating at full capacity, potentially limiting their ability to increase output for US demand despite the 90-day window. Tianjin Shipping Index reported a slight drop in T
Wan Hai will launch a new India-East Med 2 (IM2) service connecting Mundra, Jeddah, Alexandria, Mersin, Jeddah, Mundra from 1 June 2025 through a partnership with Emirates Shipping Lines (ESL) on the latter carrier's existing India-East Mediterranean Express (IEX) service. The service will turn in 4 weeks and will deploy 2 ships of 2,500 teu on a fortnightly frequency. Wan Hai will deploy the 2,646 teu WAN HAI 311 at Mundra on 1 June 2025 and ESL will deploy the 2,496 teu AN HAI at Mundra on 15