EC contracts mostly lost ground over the past week with the longer dated EC futures after February 2025 registering drops over between 1% to 5%. In contrast, near-term contracts were firm with December 2024 and February 2025 contracts gaining some ground as carriers managed to hold on to the 1 December rate increases. The SCFIS released after the market close on 16 December 16 jumped by 14% week-over-week and 22% over the past two weeks, outperforming market expectations bringing the index to wi
Both the CCFI and SCFI rebounded last week with carriers successfully reversing the recent slide in freight rates with Asia-Europe rates still holding on to most of their recent gains while Transpacific rates are staging a late rally amidst growing USEC port labor tensions and the threat of rising trade tariffs. Average CCFI rates in the 4th quarter is holding just above the 2nd quarter levels which will ensure that carriers’ earnings will remain healthy in the last quarter of 2024 with carrie
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202451] As the market approaches the end of 2024 amidst increasing uncertainty given the prospect of another US East Coast port strike, looming US import tariff hikes and potential disruptions from the new alliance reshuffles, there are some positive developments for carriers who have managed to reverse the recent freight rate slide to keep 4Q rates above the 2Q levels. This will allow carriers to negotiate the new 2025 cont
Interasia Lines (IAL) has launched a new Vietnam Thailand India (VTI) service connecting Ho Chi Minh City, Laem Chabang, Port Klang(N), Nhava Sheva, Mundra, Port Klang(N), Ho Chi Minh City from 13 December 2024. The VTI service will turn in 5 weeks and is expected to deploy ships of 2,600 to 3,000 teu with irregular sailings initially starting with the 2,782 teu INTERASIA ELEVATE at Ho Chi Minh City on 13 December 202 and the 3,055 teu INTERASIA TENACITY at Ho Chi Minh City on 4 January 2025.
Sidra Line has added a new East Med Red Sea (EMR) service calling at Mersin, Iskenderun, Jeddah, Port Sudan, Beirut, Lattakia, Mersin from 9 December 2024 with the 158 teu general cargo ship INFORMED. The service turns in 23 days on an irregular rolling schedule.
SITC has launched a new Beibu Gulf-Vietnam Express (BVX) service connecting Haiphong, Qinzhou, Haiphong from 16 December 2024. The service turns in 3-4 days using the 588 teu VIMC PIONEER.
X-Press Feeders has introduced a new Benelux Scandinavia Baltic X-Press (BSB) through a partnership with ONE's upgraded Scandinavia Baltic Express (SBX) service calling at Antwerp, Rotterdam, Frederica, Gdynia, Rauma, Gavle, Gdynia, Antwerp. X-Press Feeders' participation started from 5 November 2024 with the 1,036 teu X-PRESS AGILITY which joins ONE's 1,436 teu ESSENCE on the service.
Medkon has launched a new Beirut Express Service (BEX) connecting Damietta, Beirut, Mersin/Iskenderun, Damietta. The service is operated with the 381 teu T-MOON since October 2024 and will be replaced in January 2025 with the 353 teu MEDKON KRM.
The EC contracts rose today in anticipation of a strike at the US East Coast ports, following Trump's announcement that he would side with the labor union. However, the government's support for labor may mean that liners will have to make concessions, making a strike even less likely. The recent increase in average vessel utilization for FE-WCNA and the decrease for FE-ECNA suggest that cargo owners may have already begun shifting their east coast-bound shipments to vessels heading to the west c
Selling pressure on EC contracts continued today, with longer-dated contracts underperforming. This indicates that the primary driver at this point is the incremental changes in the Middle East as it moves toward a ceasefire deal. EC traders remain hopeful for one more round of freight rate increases in the FE-N.EUR before the CNY holidays. The utilization moving average ticked up slightly due to a couple of fully loaded vessels (APL CHANGI and ESTELLE MAERSK) that departed the Straits of Sing