Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Far East Westbound
Situation
Several carriers have expanded their services, so the space and equipment situation has improved on the Asia to North Europe trade lane in August. Space is available and there are fewer equipment issues in Asia. Some ports, especially in Europe, are still congested, causing schedule delays, and the reliability of these services remains low.
Obstacles
Schedule reliability remains low and delays are impacting supply chains. Recent civil unrest in Bangladesh had notable effects, leading to delays and congestions. Furthermore, as Indian ports are reaching peak volumes, several strikes have been announced across the country’s ports, which could further disrupt cargo flows.
Outlook/Solutions
Space is available in the first half of September, with rates dropping due to this. We expect a small rebound right before the Golden Week holidays in China. Carriers will most likely introduce contingency plans and blank sailing programs in late September and early October.
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.
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.
