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 due to the disruptions in the Red Sea, although there is one service available via the Suez Canal.
Obstacles
Demand on this trade is low, resulting in strong competition among carriers. Ocean shipping lines are searching for cargo, and double-digit rates are available from Europe (NWC) to the main ports in China.
Outlook/Solutions
No big changes are to be expected on this trade in the near future.
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.
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.
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.
