Register Free Trial The SCFI retreated by 4.3% last week after a 10-week run of successive rate hikes as new capacity additions relieved some of the vessel space tightness that has driven spot rate gains of over 70% since April. Carriers failed to hold on to the early July rate hikes as rates receded across the board. Although carriers are still pushing for 2 more rounds of rate hikes on 15 July and 1 August, rates appears to have peaked for now with space constraints starting to ease with new

Akkon Lines have launched a new Jeddah Express Service (JXS) connecting Izmit, Gemlik, Ambarli, Izmir, Jeddah, Izmit from 29 June 2026. The service will turn in 20 days using 2 ships of 1,100 teu that operates on a 10 day frequency starting with the 1,118 teu VENTO at Izmit on 29 June 2026 and followed by the 1,118 teu KAPPA.

Maersk and ONE have teamed up to launch a new SLI Adriatic Sea A / Adriatic Service 1 (AD1) calling at Koper, Venice, Ancona, Haifa, Ashdod, Damietta, Port Said, Koper from 4 July 2026. The service turns in 21 days and deploys 3 ships of 1,100 to 1,700 teu starting with ONE's 1,118 teu MITO at Koper on 4 July, followed by the 2,274 teu NYSTED MAERSK and 1,700 teu AS SELINA from Maerk. The new service will replace former arrangements with Maersk withdrawing from its slot arrangement on MSC's Lin

Evergreen will launch a new China Philippines Express (CPX) service connecting Rizhao, Shanghai, Hong Kong, Cebu, Davao, Rizhao from 31 July 2026. The service will turn in 21 days and will deploy 3 ships of 1,800 teu on a weekly frequency starting with the 1,984 teu EVER CLEVER at Rizhao on 31 July 2026, followed by the 1,809 teu GREEN CLARITY and 1,809 teu EVER CHARM.

Maersk will resume Suez transits on the Middle East Container Line (MECL) service in both directions with immediate effect from July 2026. The service will add an eastbound call at Jeddah with the revised rotation to call at New York, Charleston, Savannah, Houston, Norfolk, New York, Tangier Med, Jeddah, Salalah, Mundra, Pipavav, Nhava Sheva, Salalah, New York. The first westbound transit is scheduled with the 6,478 teu MAERSK DENVER on 21 July 2026 while the first eastbound transit is schedule

ONE will withdraw its standalone West India North America (WIN) service that calls at Mundra, Nhava Sheva, Colombo, New York, Norfolk, Savannah, Jacksonville, Charleston, Mundra from the end of July 2026. The service currently operates on an irregular frequency with sailings every 10 to 25 days using 6 ships of 6,300 teu to 7,100 teu on a 13 week round trip rotation. HMM, COSCO and OOCL takes slots on the service branded respectively as the IAX, IPE2 and IEX2. The last sailing is scheduled with

Register Free Trial The idled containership fleet has shrunk to the lowest levels since February as the ships stranded inside the Strait of Hormuz dropped to 21 units with most of them already evacuated in the last 3 weeks. Containership availability remains very tight and this is reflected in the rising charter rates and resale prices as carriers scramble to secure any open tonnage to capitalize on the surging freight rates. The SCFI surged past 3,300 despite some of the 1 July rate hikes bein

Maersk and Hapag-Lloyd will return to the Suez route on their jointly operated Gemini AE15/SE3 service on a truncated rotation that will call at Qingdao, Kwangyang, Ningbo, Tanjung Pelepas, Port Said Damietta, Colombo, Singapore, Qingdao with calls at Canakkale, Yarimca and Ambarli to be omitted. The revised rotation takes immediate effect with the sailing of the 19,076 teu MAJESTIC MAERSK that has already departed from Qingdao on 8 June 2026 now on its way to the Suez with an unscheduled stop

BAL Container Line will add an ad-hoc transpacific sailing with its newly delivered 14,400 teu BAL ATHENA for a single round trip connecting Ningbo, Shanghai, Long Beach, Shanghai on 24 July 2026 to take advantage of the booming transpacific freight rate. Current spot rates from Shanghai to the US West Coast has soared to over $7,000/FEU compared to $1,800/FEU in February 2026 as rates jumped by 400% on the back on strong market demand. The BAL ATHENA is the first of a 2 ships order placed by B

Zim will launch a new ZIM Falcon Service (ZFS) connecting Shanghai, Ningbo, Hong Kong, Yantian, Rio de Janeiro, Santos, Paranagua, Navegantes, Montevideo, Bueno Aires, Shanghai from 13 September 2026. The service will turn in 77 days and will deploy 11 ships of 5,000 to 8,000 teu that are solely operated by Zim. Following the launch of the ZFS, Zim will withdraw from its current cooperation with Maersk on the Asia-South America East Coast (ASE) service on which it currently contributes 2 of the

Register Free Trial The vessel evacuations from the Persian Gulf continue despite Iranian threats as 26 containerships with a total capacity of 195,000 teu or more than half of the stranded ships have already withdrawn from the Gulf. Activity within the Gulf has also picked up with over 60 ships now employed on intra-Gulf services as the idle fleet dropped by more than 40 units over the past 2 weeks. Strong cargo demand across all tradelanes have pushed global TEU-mile demand growth to 7.3%, w

AD Ports Group has exercised a call option to increase its stake in Global Feeder Shipping (GFS) from 51% to 81% on 24 June 2026. The move marks the end of a prolonged 4 year courtship that was first announced on 3 November 2022 when AD Ports signed an agreement to acquire a 80% stake in GFS for total consideration of AED 2.9 Bn (US$800m), with the Maghami family retaining a 20% stake in GFS. The transaction was expected to close in the first quarter of 2023 but the final completion was delayed