The marine container cargo fee is set to decrease further in February, and despite the career trying to manage the abilities, it is affected by the suspension of the Middle East and the deceleration of the New Year in the moon.
According to Xeneta data, the spot rate from the Far East to the Northern Europe has currently reached $ 3,795, but the Mediterranean route leads $ 5,085 per FEU, and has been large since January 1. It marks the decrease. Initial indicators suggest that the spot rate of both transactions was further reduced by 5 to 10 % in early February.
According to Xeneta data, the route on the United States has also experienced a remarkable decrease, and the rate on the east coast decreases by 7 % per FEU, and the price on the west coast decreased 14 % in January and 5,021 per FEU. The dollar is decreasing. On the west coast of the United States, the speed is expected to decrease further, but the east coast price may be more stable.
The Container SPOT rate slips as the moonlight in the new year begins
“The ceasefire in the Middle East suddenly means passing through the Red Sea of all containers, but it is sufficient to change the market emotions, which has a significant impact on freight rates. Peter Sand explains. Zeneta Chef Analyst.
Depending on the decrease rate, your career implements an aggressive capacity management strategy. Blank sailing from the Far East to the Mediterranean will increase to 38,900 TEU by late February, increasing by 318 % from the current level. Similarly, on the Far East to the north European route, blank sailing reaches 75,700 TEUs, increasing by 449 %.
The current ceasefire, which began on January 19, will continue 42 days before Phase 2, which may lead to a permanent agreement. However, Sand has warned that February is important to understand rate development in 2025.
Despite the recent decrease, the spot rate remains significantly higher than the crisis level of the red sea. The market is facing additional pressure from record new ships. This can cause the market to collapse when a widespread routing of the Red Sea appears.
The situation remains unstable, has a potential impact from geopolitical factors, including proposed Trump tariffs, and may apply a higher pressure to the cargo rate.
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