Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Transatlantic Westbound
Situation
A peak season surcharge has not been implemented, and spot market rates remain relatively stable, supported by competitive long-term deals secured at the beginning of the year. The new alliances have adjusted port rotations and coordinated space allocation between members.
Obstacles
Due to rail closures in Hamburg, shipping lines are forecasting significant backlogs in July. This could lead to congestion and delays at Northern European ports. Additional local costs, such as storage, demurrage, and direct trucking, are expected in the next one to two months.
Outlook
In addition to the challenges at NWC ports, no significant volume increase is expected on the transatlantic westbound trade in July. While shipping lines are prepared to accept additional volumes, market rates have stabilized and are not declining further.
What does a bird have to do with cranes?
- Facts
It’s impossible to think of a world without cranes. Whether used for loading cargo, or in the construction industry – cranes are among the most important man-made mechanical devices.
The CONEX box: a direct precursor of the container
- Facts
Developed by the U.S. Army shortly after the end of World War II, the CONEX box can now be considered the forerunner of today’s conventional containers.
