Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Transatlantic Westbound
Situation
The small backlog caused by the ILA strike is currently stabilizing. We are only seeing higher demand for New York, all other ports are operating under normal conditions. As a result, ocean carriers are extending their rate levels for November.
Obstacles
There are no significant challenges to get space and equipment in Northern or Southern Europe, even at short notice.
Outlook
Carriers are attempting to influence the Transatlantic market with additional blank sailings, especially in the West/East Mediterranean area, and demand is increasing. This could lead to possible effects such as Peak Season Surcharges (PSS) or General Rate Increases (GRI).
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 talk with Rolf Habben Jansen, CEO of Hapag Lloyd
We had the opportunity to talk to CEO of the fifth largest container carrier worldwide about the recent developments in seafreight and acquisition plans.
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.
