Situation

The situation is stable, characterized by weak demand and low freight rates.

Obstacles

We expect the blank sailing program to impact westbound routings in the wake of Chinese New Year, which could affect space availability and potentially lead to rate increases for exports from Europe in April and May.

Outlook

A resumption of traffic through the Suez Canal is not expected in the near future due to the continued Houthi threats to commercial shipping in the Red Sea.

Main Ports: North Europe to Far East

^{Source: Market average rates for 40‘ containers according to www.xeneta.com}

Main Ports: Mediterranean to Far East