Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Transatlantic Westbound
Situation
The originally announced “Peak Season Surcharge” (PSS) was postponed until April 1, but was eventually cancelled altogether. The capacity situation is improving for all US ports.
Some shipping lines have started to look for more volumes on the Transatlantic Westbound (TAWB) trade for defined destination ports.
Obstacles
The lack of clarity on tariffs and related actions by the US government creates an unstable environment.
Outlook
As the PSS implementation has been unsuccessful and ocean rates have been extended, the market conditions on the TAWB trade will remain more or less stable in April. The forthcoming alliance restructuring will intensify price competition as carriers fight 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.
