Weekly Supply Chain Update: 33

Container Freight

Far East Westbound (FEWB)

• Bookings for late February and early March have been stable, with minimal impact from the General Rate Increase (GRI). Volume remains at 75%-85% of pre-CNY levels, and early March blank sailings have had little effect on capacity. Congestion has eased at most destinations, though Route to Market (RTM) is still experiencing anchor berth delays. A Belgium rail strike on February 13 could affect vessel call efficiency. Despite flat demand, carriers are still announcing GRIs for March, hoping to raise rates even without sufficient market support.

Trans-Pacific Eastbound (TPEB)

• Capacity has rebounded to over 90% following the Chinese New Year (CNY), and demand is gradually increasing, although it has not yet reached pre-CNY levels. Floating rates are declining rapidly into March, and General Rate Increases (GRIs) are unlikely. Equipment availability has improved, easing previous bottlenecks at most Asian gateways, signaling the normalisation of logistical challenges post-CNY.

Trans-Atlantic Westbound (TAWB)

• Blank sailings are decreasing, and stable capacity is expected in March. Utilization is strong in North and South Europe, with fewer signs of overbooking, which had been previously caused by U.S. tariffs on steel and aluminum. Carriers have postponed the March Peak Season Surcharge (PSS) to April, with some implementing it for the U.S. East Coast and Gulf. Equipment shortages remain in parts of Central Europe, but Southern European ports are not facing any significant issues.

Bulk

Panamax

• The Panamax market stayed strong, with steady demand in the North Atlantic and increased activity in the South Atlantic, driving improved sentiment and better negotiations. The Pacific market gained further strength due to a balanced vessel supply and demand, with strong interest in grain and mineral cargoes. Market sentiment remains optimistic, and period activity is on the rise.

Supramax

• The Atlantic Supramax sector saw steady activity, though some stabilization occurred in the US Gulf with fewer fresh inquiries. The Mediterranean remained stable, and the South Atlantic stayed balanced with opportunities. Asia continued its positive momentum, supported by strong demand and higher rates, with increased backhaul business contributing to market stability.

Handysize

• The Handysize market stayed firm, with stable demand across the North and South Atlantic, and slight improvements in the Continent and Mediterranean. In the Pacific, activity increased in North China and Southeast Asia, with tighter vessel supply and healthy demand supporting firmer rates. Period interest also rose, reflecting longer-term stability.

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