The freight futures for the Far East to North Europe route rebounded slightly today, as traders continue to debate the extent of correction the physical market may experience in the coming months. Uncertainty remains regarding the potential peak of spot freight rates. Maersk has issued a notice announcing an increase in its peak season surcharge (PSS) from $100 per FEU to $500 per FEU effective 1 August. With this adjustment, Maersk's FAK rate will rise to approximately $3,500 per FEU from 1 Au
The 8,204 teu MSC BILBAO and MSC VALENCIA that have been detained at Malta since 2022 are due to be released after both ships were transferred out of Russian ownership. The 2 ships are owned by interests linked to the GTLK-Joint Stock Company State Transportation Leasing Company that have been placed under the US Treasury's Office of Foreign Assets Control (OFAC) Russia-related sanctions since 2022. Both ships were transferred to new owner TSC on 7 July 2025 and have been renamed TSC DORADO and
The European Contracts retreated after Hapag Lloyd published a quotation of $2,935 per FEU for shipments departing on July 29, which was announced after the market closed yesterday. EC2510 staged an intraday rebound in the afternoon, as some traders are still betting on a possible surprise in October, traditionally a seasonal trough. However, the counter still closed near the day's low. Trading sentiment continued to decline after reaching its peak at the market open yesterday. From our channel
Asia-North Europe rates are enjoying a surprise revival, with carriers able to retain most of the early July gains. Spot rates are expected to remain firm in the next 2 weeks as capacity utilization remains very high and Maersk in particular was able to lift their spot rate quotations in a change of direction from their previous rate cuts. Congestion at European main ports remain high especially in Rotterdam and Antwerp but waiting times are starting to improve gradually Rates to the Med is how
The new US import tariffs that are set to imposed from 1 August will not have any detrimental impact on volumes from Vietnam and India who are both set to be the main beneficiaries of the Trump tariffs as Transpacific container cargo volumes continues to switch away from China to alternative origins. Containerised exports from Vietnam to the US have risen by 29% in the first 6 months of 2025, with volumes reaching a record high in the last 2 months. Chinese exports to the US dropped by 0.8% dur
EC staged a surprise rally yesterday (15 July), with EC contracts surging 5–16%. This move allowed them to catch up with the strength seen in the spot market, where liners have been increasing freight rates, albeit at a slower pace than initially planned. Both EC2510 and EC2512 contracts reached their daily upper trading limit yesterday, although they retraced some of their gains today (16 July). The rally was primarily driven by a wave of fresh buying interest. Open interest rose sharply to 86
Register Free Trial The extension of the US import tariff pause to 1 August has not helped transpacific freight rates that retained their downward trajectorory with cargo demand still slipping from the June peak. Carriers are retaining most of their transpacific capacity through the end of August despite the collapse in freight rates. The rate weakness is spreading to the East Coast with the widening gap to the West Coast rapidly eroding. In contrast, European routes have been surprisingly res
Freight futures contracts rose by 0.5–4% today amid higher volumes and increased open interest. Traders were surprised by the resilience of the spot market, which many had believed had peaked a fortnight ago. Vessel utilisation remained robust, despite weekly capacity exceeding 300,000 TEU over the past two weeks.
X-Press Feeders have launched a new Belawan Straits X-Press 2 (BSX2) service connecting Singapore, Belawan, Singapore from 2 July 2025. The service turns weekly in 7 days starting with the 1,162 teu MTT SENARI at Belawan on 2 July 2025 for 3 voyages before being replaced by the 1,170 teu FENG HAI 98 on 23 July 2025.
CStar Line will launch a new Far East-Red Sea service (FRS1) from 26 July 2025 to call at Ningbo, Shanghai, Nansha, Jeddah, Aqaba, Sokhna, Jeddah, Ningbo. The service will turn in approximately 60 days and deploys 4 ships of 1,600 to 2,000 teu starting with the 1,831 teu CSTAR VOYAGER at Ningbo on 26 July 2025.