Wallenius SOL has added a new North Sea LoLo service connecting Rotterdam, Antwerp, Kokkola, Oulu, Tornio, Pitea, Rotterdam on a fortnightly frequency using the newly chartered 857 teu PEYTON LYNN C. The service started on 4 January 2025 at Antwerp. The new service will add to Wallenius SOL's current roro services on the North Sea Line Roro/Travemunde Line services that connects Zeebrugge, Antwerp, Kokkola, Skelleftea, Oulu, Kemi, Pietarsaari, Travemunde, Zeebrugge using 2 roro ships on a 14 da
CMA CGM will launch a new Egypt Greece Algeria Line (EGAL) calling at Alexandria, Piraeus, Thessaloniki, Malta, Annaba, Alexandria from February 2025. The EGAL will turn in 28 days and will deploy 4 ships of 1,300-1,400 teu. Originally scheduled to start on 12 February 2025, the first sailing has been delayed to 19 February 2025 with the 1,338 teu ATLANTIC SILVER at Alexandria.
Container freight futures market re-opened after Chinese New Year holidays with a sell-off on average volume as traders taking stocks of the changes over the past week where both MSC and CMA CGM join Hapag-Lloyd, HMM, Maersk and ONE to offer sub $3000 per FEU freight rates for shipments embarking in second half of February. Vessel utilization over the past seven days received a boost from a last-minute rush and the blank sailings starting this week. However, this uptick is unlikely to be sustai
Charter rates are still holding up with limited open tonnage available and several carriers still not fully covered for their immediate vessel requirements. Chartering activity slowed down last week due to the Lunar New Year holidays across most of Far East Asia, although European carriers have remained active with Maersk in particular still seeking to cover their requirements for the next 6 months. Maersk has fixed the 8,030 teu MANZANILLO BRIDGE on a 4 month charter at a hefty $100,000 per da
The US will impose 25% tariffs on imports from Canada and Mexico and an additional 10% from China from 4 February 2025, with no room for shippers to front load their cargo as only goods that are already in transit to the US before 1 February 2025 will be exempted. These moves will do little to reverse the worsening container trade imbalance in the US, with imports continuing to outpace exports by 2.4 times last year compared to 1.8 times in 2017 before import tariffs were introduced in 2018. Lo
ONE reported calendar 4Q 2024 (fiscal 3Q) revenue fell by 17%, while EBIT decreased by 44% quarter-over-quarter. The results were in line with COSCO’s preliminary profit guidance issued earlier on 10 January, with COSCO expecting larger QoQ falls than ONE. Hapag-Lloyd also reported its preliminary full-year and 4Q 2024 results that came in at the upper end of the earnings guidance provided in its last quarterly update. Hapag-Lloyd’s higher contract exposure in 2024 contributed to more stable ea
Global port congestion eased last week as activity at ports across Far East Asia slowed down due to the Chinese New Year holidays. There is little disruptions reported so far for the transition to the new Alliance networks that started from 1 February that will affect 6 out of the Top 10 carriers. However, as a large number of blanked sailings have been planned for the first 2 weeks of February, the full impact of the transition will only be apparent from mid-February. Congestion at North Europ
Register Free Trial The US will impose 25% tariffs on imports from Canada and Mexico and an additional 10% from China from 4 February 2025, with no room for shippers to front load their cargo as only goods that are already in transit to the US before 1 February 2025 will be exempted. These moves will do little to reverse the worsening container trade imbalance in the US, with imports continuing to outpace exports by 2.4 times last year compared to 1.8 times in 2017 before import tariffs were in
SeaLead has launched a new Red Sea-India (RESIN) service calling at Jeddah, Sokhna, Nhava Sheva, Jeddah from 23 January 2025. The service turns in 3 weeks and will deploy 3 ships of 1,600-2,000 teu starting with the 1,660 teu GHIBLI at Jeddah on 23 January 2025.
Unimed has introduced a new Turkey-Bulgaria feeder service calling at Ambarli, Burgas, Varna, Izmit, Ambarli from 23 January 2025. The service will turn in 7 days on a weekly frequency using the 679 teu NINA A with the call at Izmit (Safiport Derince) omitted for the first 6 rotations and will start from 5 March 2025. CMA CGM and Zim will take slots on this service that is branded as the Intra Aegean Express (IAX1) and Turkiye Black Sea Line (TBL) respectively.