Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Transatlantic Westbound
Situation
As indicated in our previous outlook, the market continues to demonstrate a high degree of stability. The previously announced rate increases and surcharges have not yet been implemented. Although the USTR port fees are now in effect, we have not observed any resulting additional costs or increases in freight rates thus far.
Obstacles
We will continue to closely monitor how these port fees may affect overall trade flows. Although shipping lines have stated that they do not intend to pass these costs on at this time, it is clear that the expenses will ultimately need to be absorbed by someone – and, based on past experience, it is unlikely to be the carriers themselves.
Outlook
As the year draws to a close, no significant changes are anticipated. The market remains characterized by overcapacity, making the introduction of a Peak Season Surcharge (PSS) or General Rate Increase (GRI) unlikely. Nevertheless, we will continue to monitor developments closely, particularly with regard to any potential capacity reductions towards the end of the year that could lead to subsequent rate adjustments.
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.
The CONEX box: a direct precursor of the container
- Facts
Developed by the U.S. Army shortly after the end of World War II, the CONEX box can now be considered the forerunner of today’s conventional containers.
