Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Transatlantic Westbound
Situation
The labor dispute at US East and Gulf Coast ports has been resolved and both parties have reached a tentative agreement on a new six-year contract, bringing more stability to the cargo industry. As a result, all shipping lines have cancelled the disruption charges that would have applied in the event of a strike.
Obstacles
Blank sailings remain a key aspect of the ongoing service restructuring and phased rollout of new services. This, together with the pre-Chinese New Year rush, has resulted in capacity constraints from Southern Europe to the United States.
Outlook
Carriers are extending rates into February in preparation for upcoming network changes. The upcoming alliance restructuring in 2025 will intensify price competition, as carriers compete for market share.
What does a bird have to do with cranes?
- Facts
It’s impossible to think of a world without cranes. Whether used for loading cargo, or in the construction industry – cranes are among the most important man-made mechanical devices.
The CONEX box: a direct precursor of the container
- Facts
Developed by the U.S. Army shortly after the end of World War II, the CONEX box can now be considered the forerunner of today’s conventional containers.
