Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Far East Westbound
Situation
The market remains strong, mainly driven by relatively high demand in China and ongoing port congestion issues in Europe and Singapore. These congestions are leading to schedule reliability problems and additional blank sailings from Asia to Europe. The MED trade is starting to show signs of declining volumes. Demand for space to Northern European ports remains very strong, as reflected in the latest SCFI index of 9,760 USD/40' for calendar week 27.
Obstacles
Congested ports in Europe are causing delays for vessels returning to Asia. This leads to further pressure on space and equipment availability in Asia due to late arrivals of vessels from Europe.
Outlook/Solutions
We do not expect any major relief in terms of space, equipment or price reductions in the coming weeks. There is still a strong booking forecast.
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.
