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
ONE will partner CMA CGM to launch a new North Europe-US West Coast Transatlantic service that are named respectively as the Atlantic 5 (AL5), and California Bridge (CALFB). HMM, Yang Ming, OOCL and COSCO will also participate as slot buyers on the service as the Transatlantic 1 (TA1), Atlantic 5 (AL5), Atlantic West Coast (ATW) and Atlantic West Coast (ELSA). The AL5/CALFB/TA1/ATW/ELSA will call at Southampton, Le Havre, Rotterdam, Hamburg, Antwerp, Miami, Cartagena (Col), Panama Canal, Balboa
OOCL and Yang Ming will jointly launch a new China-Laem Chabang (CHL2)/China-Thailand Express (CTE) service connecting Shanghai, Ningbo, Xiamen, Nansha, Laem Chabang, Shekou, Shanghai from 10 January 2025. The CHL2/CTE will turn in 3 weeks and will deploy 3 ships of 2,700 teu with OOCL's 2,782 teu DEAR PANEL and SYMEON P, both chartered from Euroseas who will join the service at Shanghai on 10 January and 24 January respectively upon delivery from the Hyundai Mipo shipyard while Yang Ming will
Jinjiang Shipping, OOCL, Sinokor and SITC will jointly launch a new Far East-India service that will be branded respectively as South China-East India (CSI)/Far East Chennai Service 3 (FCS3)/Sinokor India Service 3 (SIS3)/Far East-India Express 2 (FIE2). The service will start from 2 December 2024 to call at Nansha, Shekou, Ho Chi Minh City, Laem Chabang, Port Klang (WP), Chennai, Port Klang, Nansha. It turns in 4 weeks using 4 ships of 2,400 to 2,800 teu with each partner contributing one ship
CMA CGM and Hapag-Lloyd will terminate their jointly operated India-US East Coast Indamex and Indamex 2 services from August 2024 and replace them with separate services that will be operated independently by the two carriers. Hapag-Lloyd has announced a new TPI (Indamex) service that will call at Port Qasim, Nhava Sheva, Mundra, New York, Norfolk, Savannah, Charleston, Port Qasim from 8 August 2024 with the 9,274 teu TORRENTE. The service will turn in 11 weeks and will be operated independentl