Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Far East Eastbound
Situation
The market is currently offering a lot of free space in all loading ports. Schedule reliability is still low as carriers continue to avoid the Red Sea.
Obstacles
Carriers continue rerouting ships around the Cape of Good Hope, adding up to 45 days to the normal transit time from Northern Europe to China.
Outlook/Solutions
February 2025 will see changes in global shipping alliances, bringing a mix of capacity growth and transitional challenges.
A shortcut through the Arctic?
- Insights
Find out more about one of the world’s most remote and probably coldest nautical routes, a “new try” this summer, and why it is still far from being used regularly.
27,500 TEU giants will roam the sea
- Facts
Today’s "maritime monsters" can transport over 24,000 containers and now there are plans for a new record-breaking ship.
