Africa Line

West Africa

Space: Tight

Freight: In late March, impacted by the Iran situation:

• Fuel surcharges and war risk premiums surged.

• Europe services rerouted via the Cape of Good Hope, adding African port calls → increased congestion and reduced efficiency.

• Longer transit times; carriers redeploy larger vessels from Africa routes → reduced capacity, frequent blank sailings and port omissions.

Recommendation: Book space 2–3 weeks in advance. Congestion, longer transit times, and rollovers are becoming normal—plan shipments accordingly.

Rate Increase: Severe space shortage in Central West Africa.

• CMA: +USD 230/530

• MSC: +USD 200/CTR

• ZIM: +USD 200/300

• MSK: +USD 100/200

East Africa

Space: Ample

Freight: Fuel surcharges increased due to geopolitical impact. Cape rerouting adds calls at Mombasa and Dar es Salaam, worsening already low port efficiency. Late March rates rose by USD 200+/CTR, but the trend is unlikely to sustain due to capacity injection. Rates expected to stabilize.

Note: For remote destinations, book early—no spot space available.

South Africa

Space: Ample

Freight: Fuel surcharge increase + peak season approaching → upward pressure on rates.

• MSC: +USD 400+/CTR

• CMA: +USD 400+/CTR

• Market: +USD 200–400

Southeast Asia Line

Thailand & Vietnam

Space vs last week: +6%

Rate Trend: Stable

Update: Service recovery, increased capacity, rates maintained

Indonesia

Space: -5%

Rate Trend: +USD 25–50/TEU

Update: Demand exceeds supply, rates increasing

Singapore & Malaysia

Space: +5%

Rate Trend: Stable

Update: Export volume declined, easing demand

Philippines

Space: Stable

Rate Trend: Stable

Update: Balanced supply-demand

Japan & Korea

Space: -3%

Rate Trend: Stable

Update: Stable demand

India

Space: +2%

Rate Trend: -USD 25–50/TEU

Update: Weak export demand, slight rate decline

Middle East & Red Sea Line

Middle East

Space: Tight

Rate Trend: Stable

Update: New inland services via Khor Fakkan and Fujairah; capacity improving, rates stable

Red Sea

Space: Tight

Rate Trend: Increasing

Update: Port disruptions in the Middle East shift cargo to Red Sea transshipment. April volumes rising → tight space and rate surge (~USD 600/600).

• Jeddah direct: ~USD 3600/4700
• Feeder: ~USD 3000/3800

Europe Line

Space: Decreasing

Rate Trend: Stable (with downward pressure)

Update: Demand below supply; rates declining. Persistent congestion at European ports, waiting time ~5–7 days

Australia & New Zealand Line

Space: Stable

Rate Trend: Decreasing

Update:

• Australia East: More blank sailings, reduced capacity, demand > supply → rates rising
• Australia West: Balanced supply-demand, rates stable
• Transshipment congestion increasing, longer transit times

Transpacific (US & Canada)

US East Coast

Rate Trend: Increasing

Update:

• New rates effective April 8
• US West increases ~USD 300, plus fuel surcharges
• Cargo rush before April 7
• Capacity control strategies tighten space

US West Coast

Rate Trend: Increasing

Update:

• Weekly pricing model adopted; shorter validity
• Maersk, MSC raised EBS & FAK (~USD 400/FEU)
• Further increases expected before May

Latin America Line

West South America / Mexico

Rate: Maintain or -USD 200/200

Space: Tight

Update: Tight capacity; confirm space in advance

COSCO: WSA3 WK15 omit Nansha; WK16 omit South China; WSA6 WK15 omit South China

Central America

Rate: Maintain or -USD 200/200

Space: Loose

Update: COSCO suspends Balboa routing; use Lazaro for transshipment

Panama / Caribbean

Rate: Stable

Space: Loose

Update: Balboa suspension continues; most Caribbean ports reopened except limited cases

East South America

Rate: Stable

Space: Tight

• April capacity sufficient, but congestion at MVD/BUE
• 40NOR demand strong
• COSCO suspends Rosario calls
• Risk of omission and rollover via Rio de Janeiro / Singapore transshipment