Register Free Trial The extension of the US import tariff pause to 1 August has not helped transpacific freight rates that retained their downward trajectorory with cargo demand still slipping from the June peak. Carriers are retaining most of their transpacific capacity through the end of August despite the collapse in freight rates. The rate weakness is spreading to the East Coast with the widening gap to the West Coast rapidly eroding. In contrast, European routes have been surprisingly res
Freight futures contracts rose by 0.5–4% today amid higher volumes and increased open interest. Traders were surprised by the resilience of the spot market, which many had believed had peaked a fortnight ago. Vessel utilisation remained robust, despite weekly capacity exceeding 300,000 TEU over the past two weeks.
X-Press Feeders have launched a new Belawan Straits X-Press 2 (BSX2) service connecting Singapore, Belawan, Singapore from 2 July 2025. The service turns weekly in 7 days starting with the 1,162 teu MTT SENARI at Belawan on 2 July 2025 for 3 voyages before being replaced by the 1,170 teu FENG HAI 98 on 23 July 2025.
CStar Line will launch a new Far East-Red Sea service (FRS1) from 26 July 2025 to call at Ningbo, Shanghai, Nansha, Jeddah, Aqaba, Sokhna, Jeddah, Ningbo. The service will turn in approximately 60 days and deploys 4 ships of 1,600 to 2,000 teu starting with the 1,831 teu CSTAR VOYAGER at Ningbo on 26 July 2025.
Consistent with the three Taiwan listed liners' revenue, OOCL's 2Q revenue dropped both QoQ and YoY. Among the routes, Transpacific underperformed being the only route with sequential drop in volume during 2Q 2025 on the Trump tariff. Transatlantic volumes accelerated to 20% year on year in 2Q 2025, from 8% year on year growth in 1Q 2025, along with a sequential increase in freight rates.
Unifeeder has started to offer slots on the India-Med Service (IMD) that is jointly operated by Arkas and Turkon that is branded respectively as the India Med Service (IMS) / Turkiye Red Sea India (TRI). The service calls at Ambarli (Kumport & Marport), Evyap, Aliaga, Mersin, Port Said East, Aqaba, Jeddah, Nhava Sheva, Mundra, Jeddah, Aqaba, Port Said East, Alexandria, Ambarli. Unifeeder's participation starts from 5 July 2025. The service turns in approximately 42 days on a 10 day frequency usi
Hai An has launched a new East China Express (ECX) service connecting Ho Chi Minh City, Haiphong, Lianyungang, Haiphong, Ho Chi Minh City from 2 July 2025. The service turns in 28 days and will deploy ships of 1,000-1,200 teu on a fortnightly frequency starting with the 1,200 teu HAIAN BELL at Ho Chi Minh City on 1 July, followed by the 1,032 teu HAIAN TIME on 14 July.
Freight futures in Shanghai declined across the board as buyers, having seized upon recent strength in the physical market, moved to unwind their positions. Open interest dropped to 73,658, the lowest since October 2024. Maersk swiftly raised its quote for shipments departing in the fourth week of July to $3,090 per FEU, up from $2,990 at its launch just a day earlier. Meanwhile, OOCL and ONE are cutting rates for near-term cargoes, leaving CMA CGM’s $4,745 per FEU quote for August shipments lo
The 2,407 teu HORIZON ENTERPRISE has been scrapped in Alang under the scrap name ENTERPRISE on 10 July 2025, marking the first US built containership to be scrapped outside of the US since 2016. The HORIZON ENTERPRISE was delivered as the AUSTRAL PURITAN in July 1980 as the second unit of 2 ships of the C8-S-85d class built at Bethlehem's Sparrows Point shipyard for Farrell Lines. The first ship of the series, the AUSTRAL PIONEER was scrapped earlier as the HORIZON PACIFIC in Brownsville, Texas
New New Shipping has kicked off the first sailing on the Northern Sea Route (NSR) for the 2025 season with the 1,220 teu XIN XIN HAI 1 at Lianyungang on 8 July 2025 for a trip to Arkhangelsk. New New Shipping completed 13 voyages on the NSR in 2024, with Safetrans making a single voyage. The NSR window runs from July to October of each year.