Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Far East Eastbound
Situation
Demand for ocean freight is generally flat on most trade lanes, with only minor ups and downs. Overall vessel capacity continues to exceed demand, preventing a sustained or significant increase in rates. Carriers will continue to cancel sailings and practice slow steaming.
Obstacles
Vessel delays, blank sailings and service suspensions are still in place, but they are relatively easy to manage.
Outlook/Solutions
Many carriers are planning to introduce fresh capacity on this route in the coming month. Rates are still at a very low level and can’t go any lower. We do not see any increase in demand in the near future and we expect this situation to persist during Q4/23.
“We are the natural start and final stage of the Silk Road”
- Interviews
Rotterdam is known as Europe’s largest port, and we invited Emile Hoogsteden from the port’s management to talk to us about their competitors and the impending Brexit.
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.
