Container lines

The change from a routing around southern Africa is part of the ongoing gradual return of Far East services using the shorter Suez route.

Spot rates on the lane have dropped by up to $3,000 per FEU over the past two to three weeks, with carrier sources saying booking activity has markedly slowed through the month.

The order has propelled the global backlog of new vessels to the equivalent of 46.5% of the existing container ship fleet, the highest level since 2009, according to Linerlytica.

Shippers say more stringent rules from the CBP and dwindling leverage with ocean carriers are making them feel under siege when it comes to moving freight in the eastbound trans-Pacific.

The carrier said in a statement the proposed investment in the Haiphong rail depot, together with existing port ventures with Hateco, could add up to $3.5 billion.

The carrier was commenting as Taiwan’s Big Three container lines reported that they saw a surge in revenues in the third quarter due to higher freight rates and buoyant cargo volumes.

Weekly scheduled capacity passing through the Bab el-Mandeb Strait last week reached 48% of pre-Houthi attack levels, according to Xeneta.

The South Korean carrier gave no details on the price of each ship or the shipyards that will build and supply the vessels, but said delivery of all 12 is scheduled by December 2029, in line with its five-year 2030 growth blueprint.

While forwarders report a general easing of bottlenecks, they also point out there are still specific terminal hotspots within individual ports such as Shanghai, where berthing delays exist.

But participants on a Hapag-Lloyd webinar indicated the timing and severity of the market correction remain contested, with the outlook heavily dependent on geopolitics.

Forwarders say the extra-loader has an allocation of about 1,000 TEUs for India loading, which they believe could also cover any cargo backed up due to space constraints.

Empties that are not being shipped back to Asia are causing congestion at the US’ busiest gateway, according to the Harbor Trucking Association, although marine terminals say the situation is being managed capably.

The proposals stem from a December 2024 investigation that found Spain created unfavorable conditions for US trade by barring US-flag vessels from its ports.

A key concern of hubs in the region is that as container services move to the shorter Suez route, they’ll begin to overlap ships on services still sailing around southern Africa, creating a bunching effect at the ports.

Despite the worsening conflict, analyst Linerlytica is expecting a full-scale return to the Red Sea route within the first quarter of 2027.

The long queues and delays at Chinese ports in the aftermath of the storms this summer translated into increasingly severe berth arrival delays for shippers in North America and Europe in September, according to Xeneta.

Solid peak season demand and elevated rates on the two trade lanes lifted the top line numbers and are leading the carrier to another highly profitable year.

The planned April departure of Hapag-Lloyd is the latest reshuffle in liner partnerships on the trade that has seen six of the top 10 global carriers rework their services in recent months.

The carrier described DSV’s participation as part of a broader market trend, with an increasing number of customers choosing to use low-emission services.

The ruling highlights growing unease in the European Union over Beijing’s investment in the bloc’s transport and logistics sector.

More than half the carrier’s fleet is deployed on the trans-Pacific, where rates have been on a steep upward trajectory since January.

The CMA CGM subsidiary unveiled a new operating model Tuesday, which Patrick Moebel believes will create a simplified, more customer-centric organization and improve productivity.

Ocean carriers are increasingly using Indian west coast terminals to relay Middle East-bound cargo originating in the US, Europe and Africa, thus extending the regional shift beyond Asia-Persian Gulf trades.

But forwarders and analysts doubt whether the rate hikes due to take effect in the next few weeks will stick given rates are sliding from a two-year peak hit at the beginning of September.

The carrier will establish a new Asia-Pacific regional headquarters in Singapore, with Africa to be managed from Dubai.

Securing approval for the $4.2 billion deal has proven to be a difficult task, given Tel Aviv’s framing of the Zim acquisition as a national security issue.

The carrier has taken a more cautious approach to the Red Sea than some of its industry peers, with CEO Rolf Habben Jansen repeatedly stressing that a broader return to the shorter, and riskier, route would depend on sustained security improvements in the region.

The carrier boosted its earnings guidance for the year by approximately $1 billion, citing continued strength in spot freight rates.

The refrigerated ocean carrier next month will start two ocean services connecting South America to the US and Europe, and an intermodal rail link from the Midwest to the Gulf Coast designed for exports to Central America.

Shippers facing similar charges on the Rhine, St. Lawrence and Panama Canal may find a Brazilian regulatory crackdown worth watching, writes Valter Branco.

The carrier was forced to make changes to the $4.2 billion deal to address Israeli government concerns that the transaction in its original form would undermine Israel's national security.

The shipping association said overcapacity looms large for next year as new ships are delivered and a resumption of regular Suez transits weighs on supply, but a possible normalized Mideast market could spark renewed demand.

The carrier has in recent years signaled it wants to be a bigger player on the trade lane and reclaim market share lost to other liners over the past decade.

The intra-Asia specialist carrier said Wan Chee Foong will become chief executive in April after holding prior leadership roles with terminal operator PSA International.

The ability to customize port calls and aggressively manage capacity is translating into higher rates for MSC, while the Gemini Cooperation’s rates are below the market average despite its higher schedule reliability, according to rate benchmarking platform Xeneta.

The deal with long-time partner DP World is focused on five ports: Dakar (Senegal), Luanda (Angola), Dar es Salaam (Tanzania), Banana (Democratic Republic of Congo) and Maputo (Mozambique).

The carrier has a sizeable war chest for fleet expansion, built up over the last several years of healthy earnings and strong freight rates.

Changing market dynamics can produce more frequent and extreme swings in freight rates, raising potential average returns for carriers even when oversupply weighs on the market, Vincent Clerc says.

The acid test of dedication to hub-and-spoke systems is how many mainline ports are served when there is a magnetic pull to serve more local markets directly, writes Jeremy Masters.

Cargo owners want more details on why carriers feel confident that it is safe to send fully laden vessels through the Red Sea despite ongoing security risks, the Global Shippers Forum says.