Container carrier remain mired in an earnings downturn with EBIT earnings falling by 80 to 90% since the recent peak in the 3rd quarter of 2024. 2nd quarter 2025 EBIT at both CMA CGM and ONE have retreated to levels last seen in 3rd quarter of 2023, with ONE’s EBIT margin barely above breakeven. Results released by the carriers so far have disappointed relative to expectations. ONE slashed its half-year and full-year EBIT guidance by 20% and 43% respectively. CMA CGM did not issue formal guidan
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.
The 11,388 teu CMA CGM COLUMBA will make an eastbound Suez transit on 26 July 2025 on the Europe Pakistan India Consortium (EPIC) service that CMA CGM operates in cooperation with COSCO and OOCL. It is the second EPIC transit on the Suez and follows the 11,388 teu CMA CGM AQUILA that made an eastbound transit on 17 June 2025.
CMA CGM leads the list of carriers on the Suez/Red Sea route with 12 containership passages in June. Apart from regular passages on its Asia-Med Phoenician Express and Levant-Middle East Express services that have retained their Suez routing since last year, CMA CGM added 3 ad-hoc sailings last month, including the first of the Middle East-Med Express ships that will resume full Suez passages from the end of June. CMA CGM was the only main carrier to enjoy the Suez Canal Authority’s 15% discoun
CMA CGM has upgraded the capacity of the ships deployed on its Asia-Med Phoenician Express (BEX2) service from the 8,500-11,500 teu scale to larger ships of 13,100-15,500 teu. The 13,136 teu CMA CGM COBALT was the first of the upsized ships to join the service on 26 March 2025, and has been followed by the larger 15,536 teu CMA CGM OSIRIS on 2 May 2025. The BEX2 service is the largest service on the Suez Canal, and the use of the larger ships will allow CMA CGM to enjoy the 15% discount on tran
CMA CGM has redirected a ship on the Europe Pakistan India Consortium (EPIC) service to the Suez route despite the escalation in the Middle East conflict since 13 June 2025. The 11,388 teu CMA CGM AQUILA is heading from Algeciras to the Red Sea and is scheduled to transit the Suez Canal on 17 June 2025 before calling at Jeddah on 20 June, Abu Dhabi on 28 June and Jebel Ali on 30 June. The shorter Suez route will allow CMA CGM to cut the transit time from Europe to Abu Dhabi by about 10 days and
TS Lines will introduce a new Japan Thailand Express (JTX) service from 24 June 2025 when it joins CMA CGM/CNC as a vessel operator on the latter's revised JTX service that replaces its former Japan-Taiwan-Hong Kong-Thailand 1 (JTXCNC) service. The new JTX service will call at Tokyo, Yokohama, Nagoya, Osaka, Kobe, Shekou, Nansha, Laem Chabang, Hong Kong, Shekou, Tokyo with the former calls at Kaohsiung, Taichung and Keelung dropped. The service will turn in 28 days using 4 ships of 2,400 to 3,0
CMA CGM will launch a new Kilima Xpress service connecting Shanghai, Ningbo, Nansha, Singapore, Colombo, Mombasa, Dar es Salaam, Colombo, Singapore, Shanghai. The Kilima Xpress service will turn in 8 weeks and will deploy 8 ships of 3,500-5,000 teu starting from 4 August 2025 with the 4,231 teu CMA CGM TARRAGONA.
CMA CGM will launch a new Scandinavia West Coast Express (SWX) service connecting Gothenburg, Aarhus, Klaipeda, Gdansk, Gothenburg from 16 July 2025. The service will turn in 7 days using the 750 teu CT PACHUCA.
CMA CGM will return to the Suez route on the Med Express (MEDEX) service from June 2025 with a new rotation calling at Abu Dhabi, Jebel Ali, Karachi (temporarily omitted), Mundra, Nhava Sheva, Colombo, Jeddah, Piraeus, Malta, Genoa, Fos, Barcelona, Valencia, Jeddah, Abu Dhabi. The new rotation will turn in 10 weeks using 10 ships of 6,000 to 10,000 teu operated by CMA CGM starting with the 9,658 teu CMA CGM PELLEAS at Abu Dhabi on 27 May 2025. The first MEDEX westbound transit on the Suez is sc