Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Far East Westbound
Situation
Despite fewer blank sailings, the market saw a volume increase at the end of May, which helped stabilize rates. A further rate increase is expected in June. This is mainly driven by the approaching peak season for Asia-Europe trade and a potential shift in capacity from European to Transpacific Eastbound trade. In addition, ongoing congestion in European ports is causing vessel delays, adding further pressure compared to April and May.
Obstacles
Ongoing congestion at European ports continues to disrupt schedule reliability. Vessels often face delays of several days before berthing, and the high container volumes at major EU ports are further slowing inland transport. The situation is particularly strained in Antwerp, Rotterdam, and Hamburg.
Outlook
Demand is expected to increase in the coming weeks, with the trend likely to continue until mid to late July. As a result, rates are rising, as reflected in the SCFI index, which climbed by more than 10% at the end of May. This indicates both limited space and the higher rates announced by carriers. In the weeks ahead, equipment availability will also be a key issue. In addition, the approaching typhoon season may cause further schedule disruptions.
A shortcut through the Arctic?
- Insights
Find out more about one of the world’s most remote and probably coldest nautical routes, a “new try” this summer, and why it is still far from being used regularly.
27,500 TEU giants will roam the sea
- Facts
Today’s "maritime monsters" can transport over 24,000 containers and now there are plans for a new record-breaking ship.
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.
