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

Freight rates to North Europe remain under pressure, with the SCFI dropping by 3.3% last week while the SCFIS fell by 5.5%. Rates have remained under pressure since the US tariffs forced carriers to redeploy transpacific capacity to the European route since April but this is set to reverse in the next 3 months as US demand rebounds. Spot rates have dropped to a low as $1,600/FEU with carriers still under-cutting each other through the end of May. However, the situation is expected to reverse so

Shanghai–North Europe freight futures surged on 12 May with all contracts hitting their daily upper limit after the Sino-US trade deal was announced. Trading was brisk as volumes reached 158,000 contracts, almost double the average of the previous four days as both short covering and fresh buying lifted open interest to 104,000 contracts, up 19% from a week ago. The SCFIS fell a further 5.5% after market closed on 12 May, marking its 4th consecutive weekly drop but the forward curve is now pric

The de-escalation in the Sino-US trade war came earlier than expected after the 2 countries agreed to lower reciprocal tariffs to 30% for Chinese exports to the US for 90 days from 14 May 2025 while tariffs on US exports to China is lowered to 10%, setting the stage for a surge in Transpacific cargo volumes in the next 3 months. The 115% cut in US tariffs on China was larger than expected amidst signs of severe strain on US import volumes that would have hit store shelves in the coming weeks. T

Register Free Trial The de-escalation in the Sino-US trade war came earlier than expected after the 2 countries agreed to lower reciprocal tariffs to 30% for Chinese exports to the US for 90 days from 14 May 2025 while tariffs on US exports to China is lowered to 10%, setting the stage for a surge in Transpacific cargo volumes in the next 3 months. The volume rebound will coincide with the traditional summer peak season, with freight rates set to surge as a result. Carriers have pre-announced p

ONE and Samudera's newly upgraded Thailand India Gulf (TIG) service will drop calls at Nhava Sheva and Mundra from 18 May 2025 due to ongoing tensions between India and Pakistan. The revised TIG will call at Laem Chabang, Singapore, Karachi, Dammam, Jebel Ali, Port Qasim, Colombo, Singapore, Laem Chabang. The TIG has been calling at Laem Chabang, Singapore, Nhava Sheva, Mundra, Dammam, Jebel Ali, Colombo, Singapore, Laem Chabang since 16 April 2025, turning in 35 days using 5 ships of 3,000 teu

CMA CGM will remove calls at Karachi and Port Qasim on 4 of its services that also serves Indian ports from 9 May 2025 due to the ongoing tensions between India and Pakistan. The affected services are EPIC, MEDEX, INDAMEX and AS1. Cargo to and from Pakistan will be redirected to the Pakistan Khalifa Express (PIKEX) that has been revised to call at Jebel Ali, Abu Dhabi, Karachi, Port Qasim, Colombo, Karachi, Jebel Ali with connections at the Jebel Ali, Abu Dhabi and Colombo hubs to other CMA CGM

CLdN has launched a new Zeebrugge-Ireland lolo service from 8 May 2025 connecting Zeebrugge, Cork, Dublin, Zeebrugge with the 803 teu JSP ROVER that has been chartered for 2 years at a daily rate of €12,000.

MSC has launched a new BUNGARAYA intra-Asia service connecting Shanghai, Ningbo, Port Klang, Penang, Pasir Gudang, Singapore, Shanghai from 7 April 2025. The BUNGARAYA service turns in 21 days using 3 ships of 1,700-2,500 teu starting with the 2,796 teu MSC CALIDRIS III followed by the 2,556 teu ETOILE and 1,730 teu MSC TRADER II.

OOCL has launched a new Vietnam Singapore Express (VSX) service connecting Singapore, Ho Chi Minh City, Singapore from 22 April 2025 turning weekly using the 1,714 teu BOX ENDEAVOUR for the first 4 voyages before being replaced by the 1,809 teu MONICA from 16 May 2025.

MSC has cancelled the launch of its new Asia-Med Phoenix service that was originally scheduled to start at the end of February 2025 but have been repeatedly delayed before the service was finally withdrawn altogether in May 2025. The Phoenix service was to turn in 15 weeks using up to 15 ships of 6,000-14,000 teu to call at Busan, Ningbo, Shanghai, Shekou, Singapore, Iskenderun, Piraeus, Trieste, Koper, Iskenderun, Mersin, Singapore, Busan. The Phoenix service was 1 of the 6 Asia-Med services

MSC will combine their FE-ME Clanga service with the FE-USWC Sentosa service turning it into a ME-FE-USWC pendulum service. The new Sentosa - Clanga service will call at Qingdao, Shanghai, Ningbo, Nansha, Singapore, Karachi, Dammam, Hamad, Bahrain, Colombo, Port Klang, Singapore, Laem Chabang, Cai Mep, Ningbo, Shanghai, Long Beach, Oakland, Yokohama, Qingdao and is expected to start from 17 May 2025 with the newly delivered 11,400 teu MSC FLORA. The Sentosa - Clanga service will turn in 112 day