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HMM follows MSC and CMA CGM, turning to pre-owned boxships

High charter costs have made HMM join two giant ocean carriers MSC and CMA CGM in buying elderly secondhand feeder ships. HMM’s spokesperson told Container...

Mexico can be US West Coast alternative as volumes soar

An anomaly has arisen in container shipping data as US West Coast imports from Asia saw rates falling on fears of a US recession,...

Futures show more downside to freight rates in 2025

Shanghai container futures trades suggest that Asia-Europe freight rates could fall further in 2025, after appearing to have peaked now. On 5 August, the index...

Vessel redeployment forces rate rises in secondary trades

Liner companies chasing the high returns on the major trade lanes are shifting tonnage from secondary services, with consultancy Xeneta warning shippers and forwarders...

Pioneering Virtual Container Freight Futures Trading Competition: An Exclusive Interview with BANDS Financial and Linerlytica

BANDS Financial and Linerlytica launch the first virtual container freight futures trading competition exclusively for companies and executives in the container shipping sector along...

Market panic triggers sharp rate surge

According to the latest analysis of the shipping consultancy Linerlytica, the market panic over tightening vessel space availability has sent the Shanghai Containerized Freight...

BANDS and Linerlytica launch innovative virtual container trading competition

BANDS Financial and Linerlytica launch the first virtual container freight futures trading competition exclusively for companies and executives involved in the container shipping sector...

China backhaul costs mirror headhaul rate shifts

Rates on the Europe to Asia trades have mirrored headhaul trades with China’s import cargo paying more for carriage since the Red Sea crisis...

Carriers playing catch-up to further tilt supply-demand imbalance

Ocean Network Express (ONE) announced an aggressive midterm plan on 19 March to grow its operated fleet to 3 million TEUs by 2030, representing...

Red Sea crisis spurs surge in TEU capacity: Newbuildings fully absorbed

The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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