Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Transatlantic Westbound
Situation
All ocean carriers have announced a General Rate Increase (GRI) and/or a Peak Season Surcharge (PSS) on the Transatlantic trade lane, including destinations in Mexico.
Obstacles
Due to the strikes on the US East Coast and Gulf, the space situation is becoming critical. Almost all shipping lines have announced an Emergency Operation Surcharge (EOS) between 1,000 – 1,500 USD/TEU. There is no reliable information about a contingency plan. In the meantime, port workers at the port of Montreal have also announced a strike for the first week of October.
Outlook
Due to the strikes, we have to expect serious space and rate challenges. This will also impact trades to the US West Coast, Canadian and Mexican ports.
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.
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.
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.
