Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Far East Eastbound
Situation
Pricing on this trade remains low and stable for now, although schedules are still being affected by the situation in the Red Sea as well as ongoing congestion at European ports. We can see some vessels testing the Red Sea route, but this is mainly due to service reasons and to recover delays caused by congestion in European ports.
Obstacles
Schedule reliability remains the main challenge on this trade lane.
Outlook
Rates will remain stable, possibly increasing slightly towards the end of the year. They may also be affected by the blank sailings implemented on the FEWB trade during Golden Week in China last October.
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