Data highlights
Xeneta analyst insight – Transpacific
Peter Sand, Xeneta Chief Analyst:
“There is a lot on shippers’ minds in Q4 trying to look ahead and procure freight for 2026, while also dealing with the here and now. Carriers may take the opportunity of shippers occupied by 2026 planning to try to push up the short term market, even if it is to a limited extent.
“We have USTR port fees coming into force this month and China responding with port fees of its own, so there is plenty of uncertainty for shippers and plenty for carriers to latch onto to try and justify the mid-month GRIs.”
Xeneta analyst insight – Europe
Peter Sand, Xeneta Chief Analyst:
“Carriers have cut 13% of capacity from Far East to North Europe since end of August against a backdrop of strong demand, possibly due to frustrated cargo that was originally intended for the US. Something has to give in this situation and that is freight rates – with the spot market increasing 14% in the past week.
“It is likely average spot rates will continue to climb into Europe before peaking and heading south towards the end of the month.”
Source: XENETA
