Asia-Europe rates are torn in 2 different directions, with the SCFIS declining by 1.4% on 26 May, while the forward looking SCFI recorded a strong gain of 14.1% on Friday. Carriers have stumbled on their bid to hike rates on 1 June, with Maersk once again undercutting their rivals even before the GRI was implemented. Rising congestion at European ports have severely disrupted schedules, with ships rerouting where possible to avoid berthing delays but this has failed to lift market momentum. Alt
Register Free Trial Total capacity on the Transpacific is set to rebound sharply in the coming 4 weeks, with an average of over 560,000 teu departing from Asia to the US weekly compared to the Week 19 low of 377,000 teu. Additional capacity are still being added as carriers capitalize on rising demand and soaring transpacific freight rates. CUL is the latest carrier to join the bandwagon, adding a new standalone Transpacific service from June while incumbent carriers have also added extra loade
China United Lines (CUL) will restart its Transpacific coverage with the launch of the Trans Pacific West Coast 1 (TP1) service calling at Shekou, Ningbo, Qingdao, Long Beach, Shekou from 7 June 2025. The service is scheduled to turn in 38 days and will deploy 5 to 6 ships of 2,400 to 2,800 teu, starting with the 2,786 teu CUL MANILA at Shekou on 7 June 2025 that is scheduled to arrive at Long Beach on 29 June 2025 where she will berth at the SSA Pier A terminal. CUL had operated its own Transp
Maersk and Hapag-Lloyd have launched a new Gemini Cooperation feeder service branded as Middle East Shuttle 6 (M06) / Pakistan Service 2 (PK2) to connect Salalah, Port Qasim, Salalah from 13 May 2025. The service turns in 7 days using 2 ships of 2,500-3,500 teu to provide 2 sailings a week.
ONE has teamed up with Arkas/EMES to launch a new Black Sea-Turkey service from 23 May 2025. The Greece Bulgaria Service (GBS) / Black Sea Turkey Service 1 (BT1) will call at Piraeus, Ambarli, Burgas, Varna, Izmit, Piraeus turning in 2 weeks with the 1,445 teu ROZA A from Arkas and 1,528 teu SINAR BUKITTINGGI from ONE. ONE will also take slots on 2 other Black Sea Turkey services operated by Arkas, with details as follows: * Black Sea Turkey Service 2 (BT2) through slots on the Arkas/EMES Tur
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