Spot rates to Europe have risen above their January peaks with momentum
continuing to be strong given the current tight space situation with further
rate hikes expected in the coming weeks.
Week 22 saw just 6 out of 11 Asia-North Europe sailings depart on schedule the
congestion at Singapore and Tanjung Pelepas has severely disrupted the market.
Overall capacity utilization remains very high while forward capacity forecasts
for June with continued delays arising from congestion, which will redu