Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Far East Eastbound
Situation
Pricing on this trade remains low and stable for now, though schedules are still being affected by the situation in the Red Sea as well as ongoing congestion at European ports.
Obstacles
Schedule reliability currently remains the main obstacle.
Outlook
The market is not expected to pick up in the first half of Q4 and rates are expected to remain low for the rest of the quarter. Later in the year, blank sailings in Asia may reduce available space, which could put upward pressure on prices.
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