Situation

Demand is expected to remain flat, with a slight uptick toward the end of November. Rates should remain broadly stable, although a modest increase is possible in the coming weeks.

Obstacles

The main challenge in the upcoming weeks will be ensuring sufficient equipment availability, especially 40-foot high-cube containers. Shipping lines will prioritize returning empty containers to Asia for use on their more important trade lanes, especially ahead of the upcoming peak season.

Outlook

The situation in November is expected to be slightly more complicated in terms of space and equipment. Some blank sailings are also expected, which could further affect availability. On the positive side, more services are returning to the Suez route, which will improve transit times for eastbound cargo.

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