Most of the Carriers are Reducing Rates for Europe
- Southeast Asia: rates are the same as in last week. Space for Jakarta, Surabaya and Samarang are tight. Some carriers like OOCL and PIL stop accepting cargo to these ports temparorily.
- Middle East and Red Sea: OOCL reduced their rates a little since this week, while others remain unchanged.
- Europe&Mediterraneans: plenty of space available. Most of the carriers are reducing the basic ocean freight rates continuously, such as CSCL, SAFMARINE and COSCO. HANJIN launched a service named EMX starts from Shenzhen to Istanbul, Constanta and Odessa.
- Oceania: the export volume is steady. The rates remain the same as last week.
- Africa: the rates remain the same as last week.
- North America: MSC reduced the basic ocean freight. But others remain unchanged.
- Caribbean Sea and Latin America: nothing changed on rates this week.