ports

Newbuild Containerships Deployed to China-India and Far East Routes as Trade Strengthens

Container vessels delivered this week signal strengthening demand on Far East-Mediterranean and China-India trade lanes. Freight rates are firming across both corridors. CMA CGM took delivery of the 16,136 teu Cyrano from CSSC Tianjin Shipbuilding. This is the third of six methanol dual-fuelled sister ships ordered in early 2023 at approximately $175 million each. The vessel joins CMA CGM's BEX2 service linking the Far East and East Mediterranean. Taiwan-based Wan Hai Lines deployed the 8,710 teu Wan Hai 902 to its FM1 Far East-Mediterranean service. The vessel was delivered from HD Hyundai Samho on 11 June and represents the second of four conventionally powered ships ordered in September 2024 for $127 million each. Interasia Lines, a Wan Hai associate, received the 7,092 teu Interasia Ambition from Shanghai Waigaoqiao Shipbuilding for deployment on the China-India ICI service. RCL and Wan Hai operate this service jointly with Interasia.