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Main Ports: Far East to North Europe
Main Ports: Far East to Mediterranean

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

Trade Analysis: Far East Westbound

 

Situation

Market demand remains strong, as many shippers have decided to move their goods ahead of the peak season due to ongoing supply chain disruptions. This, combined with blank sailings in April and May and heavy port congestions in Europe and Asia, has put severe pressure on available space and caused rapid rate increases.

Obstacles

Due to insufficient space and equipment, we are experiencing overbooked capacity for the entire month of June, as well as congestions in Singapore (+ 2 to 3 days) and in Ningbo and Shanghai (+ 1 to 2 days). In addition, there are heavy port and yard congestions in Rotterdam, leading to delays of up to 5 to 7 days.

Outlook/Solutions

The situation could remain the same, or it could worsen towards mid-July. Carriers are offering premium rates in order to secure space and equipment.

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