The Taiwanese and OOCL's 3Q top line reports suggested sequential increase in earnings during 3Q but the level of earnings will likely be on par with 1Q 2025 but unlikely to be substantially higher than the same in 1Q 2025. ONE has guided 62% higher EBIT for 3Q 2025 comparing to 1Q 2025. Taiwanese liners reported September revenue, which dropped by 8% month on month but declined by 31% year on year as the recently seasonal uptick in freight rates peaked in July. For 2025 3Q, the Taiwanese liner
COSCO has added a new call at Yangpu on the OCEAN Alliance PSW6 service from 10 August 2025 to offer direct connections between Hainan and the US West Coast. The revised PSW6 service will call at Cai Mep, Yangpu, Nansha, Yantian, Kaohsiung, Long Beach, Cai Mep starting from August 2025 with the former call at Hong Kong dropped. The Yangpu call on the current PSW10 service has also been dropped. The PSW6 turns in 7 weeks using ships of 13,300 to 16,800 teu from COSCO. The service is branded as S
COSCO and OOCL will launch a new Asia-Mexico Express (WSA8/TLP8) service connecting Shanghai, Qingdao, Ensenada, Manzanillo, Ensenada, Yokohama, Shanghai from 20 August 2025. The WSA8/TLP8 service will turn in 7 weeks and willl deploy 7 ships of 3,300 to 4,300 teu to starting with the 4,250 teu XIN FANG CHENG at Shanghai on 20 August 2025.
OOCL has launched a new Indonesia Vietnam Straits Express (IVS) service that connects Singapore, Ho Chi Minh City, Singapore, Surabaya, Semarang, Singapore from 4 July 2025. The IVS turns in 14 days and deploys 2 ships - the 1,774 teu INFERRO and 1,809 teu MONICA. The IVS will replace OOCL's existing Vietnam Singapore Express (VSX) that is absorbed in the new service.
Consistent with the three Taiwan listed liners' revenue, OOCL's 2Q revenue dropped both QoQ and YoY. Among the routes, Transpacific underperformed being the only route with sequential drop in volume during 2Q 2025 on the Trump tariff. Transatlantic volumes accelerated to 20% year on year in 2Q 2025, from 8% year on year growth in 1Q 2025, along with a sequential increase in freight rates.
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
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.
OOIL's fourth-quarter report and the December revenue reports from Taiwanese liners indicate that many liners could experience a quarter-over-quarter revenue drop of between 18% and 25%, potentially resulting in earnings declines of up to 50%. COSCO’s full year profit alert shows a 50% qoq drop in earnings in the 4th quarter.
ONE will join CMA CGM, COSCO and OOCL to operate a new Med-US Transatlantic 4 service branded respectively as AT4/Amerigo/MENA/ATM. The service will call at Salerno, La Spezia, Genoa, Vado Ligure, Valencia, Algeciras, New York, Norfolk, Savannah, Miami, Algeciras, Salerno. The new service will replace the existing AL6 that is jointly operated by CMA CGM, COSCO, OOCL and Hapag-Lloyd in a cross-Alliance service that also includes Evergreen, Yang Ming, ONE and Zim. The revised AT4/Amerigo/MENA/AT
ONE will join the OCEAN Alliance carriers - CMA CGM, COSCO/OOCL and Evergreen - to operate 3 transatlantic services connecting North Europe to US East Coast and Gulf Coast from February 2024. The 4 partners will jointly operate the following services: * North Atlantic (NATL) service connecting Southampton, Antwerp, Rotterdam, Bremerhaven, Le Havre, New York, Norfolk, Baltimore, Southampton using 6 ships of 10,600 teu (3 from COSCO/OOCL, 2 from CMA CGM and 1 from Evergreen) and brande