Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Far East Eastbound
Situation
The market is currently offering a lot of free space at all loading ports. CMA CGM has announced that it will resume its service via the Suez Canal. The Gemini (MSK & HL) alliance also plans to use this route from next year on. Due to the lack of equipment in Asia, shipping lines are reducing their Far East Eastbound rates to bring more empty containers into the Far East Westbound trade. Schedule reliability remains an issue.
Obstacles
Demand on this trade is low, resulting in strong competition among carriers. Port congestions are affecting the reliability of services. In addition, several regular commodities are missing from the Far East Eastbound trade.
Outlook/Solutions
The situation will remain similar in the coming months. At the very least, we expect a further decrease of Red Sea surcharges.
A talk with Rolf Habben Jansen, CEO of Hapag Lloyd
We had the opportunity to talk to CEO of the fifth largest container carrier worldwide about the recent developments in seafreight and acquisition plans.
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.
