Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Far East Eastbound
Situation
The market currently offers a lot of free space at all loading ports. Schedule reliability remains an issue due to the current routing and additional transit time.
Obstacles
Demand on this trade is low, resulting in strong competition among carriers. Ocean shipping lines are searching for cargo, but prefer to forward the limited hinterland equipment to the trade lanes that offer higher freight rates.
Outlook/Solutions
The situation is likely to remain similar in the coming months.