Situation

We saw only a small and short-lived pre-CNY peak, reflected in a brief rate increase at the beginning of January. This was followed by a steady rate decline and high space availability.

 Obstacles

Currently, there are no major obstacles on this trade route. However, higher terminal utilization density in Asia should be taken into account. Berthing times at the main loading ports in Asia are longer, and there have been some weather-related delays.

 Outlook

Market conditions reflect a traditional CNY period: Carriers have introduced several blank sailings, yet space remains available. Any peak season surcharges have been postponed until March, and rates will continue to drop in February.

Main Ports: Far East to US West Coast

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

Main Ports: Far East to US East Coast