Situation

Following a rush toward the end of last year, activity levels have since eased. The industry is not showing strong signs of recovery and the situation on this trade lane is expected to remain stable.

 Obstacles

Schedule reliability remains the main challenge on this trade lane, with weather-related disruptions at European ports potentially increasing overall transit times on this route. In addition, the previously announced CMA-CGM services that were due to return to the Suez route have once again been diverted via the Cape of Good Hope due to ongoing security concerns.

 Outlook

Rates remain stable for now, but adjustments are expected once blank sailings introduced around CNY begin to affect departures in Europe in late March or April.

Main Ports: North Europe to Far East

^{Source: Market average rates for 40‘ containers according to www.xeneta.com}

Main Ports: Mediterranean to Far East