Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Transatlantic Westbound
Situation
All ocean carriers announced a General Rate Increase (GRI) and/or a Peak Season Surcharge (PSS) on September 1 due to high vessel utilization and volume growth on the Transatlantic trade lane. Business between Europe and the US has grown by 7% in the first half of 2024.
Obstacles
Most of the current Transatlantic ocean freight sailings are booked to capacity, which could lead to difficulties with short-term bookings.
Outlook
A potential ILA port worker strike in October at US East Coast and Gulf ports is expected to further increase rates.
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.
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.
