Global container throughput growth have been revised upwards and is expected to grow by 2.6% in 2025, in line with the IMF’s revised global GDP growth outlook released last week due to cargo front loading during the first half of this year, lower effective US tariff rates, improved financial market and government fiscal stimulus by several key countries. Despite the revision, the US tariffs have already spurred higher inflation and slower job growth which will lead to slower growth in the 2nd h
Register Free Trial Revised US tariffs that will take effect on 7 August will have a negative impact on overall global demand even though the average tariff rates were lower than initially announced on 2 April. Although global container growth projections have been revised upwards, over-supply pressure persists with freight rates remaining under pressure after the SCFI extended its losing streak to its 8th consecutive week. Further rate declines are expected throughl October, with prospects for
MSC will introduce a new Asia-West Africa Iroko service connecting Ningbo, Nansha, Singapore, Pointe Noire, Contonou, Lagos, Onne, Lobito, Singapore, Xiamen, Ningbo from 10 September 2025.
Maersk has introduced a new JP1 service connecting Dalian, Qingdao, Yokohama, Nagoya, Kobe, Dalian from 1 August 2025. The service turns in 14 days and deploys the 1,714 teu MCC SHENZHEN and 1,762 MTT SAPANGAR on a weekly frequency. ONE takes slots on the Maersk JP1 service as the IA9.
MSC will launch a new Far East-South America West Coast Alpaca service connecting Nansha, Hong Kong, Ningbo, Busan, Callao, Arica, Iquique, San Antonio, Nansha from September 2025. The first sailing is scheduled at Ningbo on 23 September with the 4,600 teu MSC LOME V, with up to 8 ships of 4,200 to 5,000 teu slated to join the service.
Maersk will replace 2 existing services connecting North Europe-Caribbean with a new CAX service that will connect Antwerp, Southampton, Hamburg, Bremerhaven, Rotterdam, Newark, Manzanillo (Pan), Puerto Antioquia, Moin, Manzanillo (Pan), Antwerp using 7 gearless ships of 5,500 teu starting with the 5,560 teu MAERSK MONTE LINZOR at Moin on 26 September 2025, with the MAERSK MONTE ALTO making the southbound voyage concurrently from Antwerp on 29 September. The call at Puerto Antioquia in Colombia
Milaha has enhanced its Milaha Turkiye Express (MTX) service with the addition of a new call at Misurata, Libya and upgrading the service to a weekly sailing frequency through a partnership with Summit Shipping that will add a second vessel to the service that it brands at the Turkey Libya Express (TLX). The enhanced MTX/TLX service will start from 22 August 2025 to call at Alexandria, Misurata, Ambarli, Diliskelesi, Izmir, Alexandria. The service will turn in 14 days using the 1,015 teu AL BID
EC2510, the benchmark contract for Far East–North Europe freight futures listed in Shanghai, is currently the most hotly contested in the market. Bulls argue the contract is undervalued based on technical analysis—price charts suggest a bottom is forming around 1,450—while bears point to fundamental signals from the physical market, noting freight rates peaked during the last two weeks of July. On Wednesday (July 30), EC2510 opened higher on strong volume as bulls speculated that a typhoon appr
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on 30 July 2025 the addition of 22 containerships to its Specially Designated Nationals (SDN) list for their alleged links to Iranian interests. A total of 143 ships including 71 crude oil tankers, 42 product tankers and 5 LPG tankers were included in the list that are alleged to be part of the shipping assets controlled by Hossein Shamkhani that have been used to transport oil and petroleum products from Iran
CMA CGM has launched a new Levant Red Sea Express (LRX) service connecting Mersin, Beirut, Jeddah, Lattakia, Iskenderun, Mersin from 27 July 2025. The LRX service turns in 3 weeks and will deploy 3 ships of 2,200-2,800 teu starting with the 2,260 teu CMA CGM FORT ST PIERRE at Beirut on 27 July 2025.