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.