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).