Decline in spot rates

The current developments in the container transport market show a decline in spot rates over the past week across several key trade routes. According to Peter Sand, Chief Analyst at Xeneta, the average spot rates this week for transports from the Far East to the USA have decreased. This affects both the West and East Coasts of the United States. Sand describes this as a typical market development, where falling spot rates are accompanied by a slight increase in offered capacity.

Market development

In contrast, the situation for transports from the Far East to Northern Europe is different, as Sand reports. Here, the offered capacity has decreased over the past week, while spot prices continue to fall. This development indicates a weaker market in this trade segment.

For the year 2026, Sand forecasts a phase characterized by overcapacity in container shipping. This situation could be exacerbated by a return of services to the Red Sea. The geopolitical tensions between the USA and Iran could also influence market developments, especially if these tensions affect the Houthi militia, which may resume attacks on commercial vessels in the Red Sea.

Sand emphasizes that even if a complete escalation of the conflict between the USA and Iran is avoided, military activities and the rhetoric of political actors could impact the security situation in the region. This could lead to delays in plans to resume Red Sea passages.

www.xeneta.com