Situation

The situation is stable, there is no change to the rate dynamics and freight levels remain very low.

Obstacles

Despite congestion in European ports causing some delays, no major objections to this trade are expected.

Outlook

The trend will remain the same as in recent months, with no further changes expected. CMA-CGM has started a dedicated direct service from Northern Europe to several ports in China and Japan. The first departures are scheduled for the end of May/beginning of June, offering the fastest transit time via the Suez Canal.

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