LACK OF CARGO ON MARKET

1. Europe and Mediterraneans: a little increase was reported on export volume. But it‘s not enough for carriers. Most of the carriers reduced the standard of OWS. Some carriers evern cancelled the OWS on lately voyages.
2. Middle East and ISC area: Still lack of cargo on this lane. The market rates are in chaos. Some of the carriers cancelled OWS, and some reduced the standard of OWS from USD300 to USD100. The direct-call service managed by ESL and TS LINE will change the ETD from Sun. to Fri. from 14th Mar.
3. Japan&Korea: export volume is going up steadily. And the rates remain on a high level.
4. South East Asia: space for GP containers is coming enough after the peak season of reefer containers. But some carriers still can‘t accept heavy duty containers.
5. Other lanes: nothing change a lot.