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 passage.
Obstacles
Carriers continue to divert ships around the Cape of Good Hope, adding up to 45 days to the normal transit time from northern Europe to China.
Outlook/Solutions
Rates are at extremely low levels due to the lack of volumes. Occasionally, double-digit rate levels are available on the NWC/ADR to CNMP trade lane. No rate increases are expected in the coming months.
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