Judging from the current shipping market, container freight rates have fallen sharply, and some trade routes have fallen to double digits, especially the trans-Pacific eastbound routes, which have been declining at an unprecedented rate since late July. European routes fell 6 for

Judging from the current maritime market situation, container freight rates have fallen sharply, and some trade routes have fallen to double digits, especially the trans-Pacific eastbound routes, which have been declining at an unprecedented rate since late July.

European routes fell 6.3% last week. The peak season has not yet occurred in the third quarter of Europe this year. Now their market is in a state of oversupply of capacity, with reduced demand and no signs of recovery. It is expected that freight peaks will not occur before the National Day Golden Week. Currently, the European route cabins are sufficient, but the reliability of ship schedule continues to be affected by a large number of air-ships, flight delays and port hops. The congestion in European ports, especially the hamburger and Rotterdam ports, has reached critical levels, resulting in further delays in the return of ships to Asia.

According to Drury's latest statistics, on major routes such as Trans-Pacific, Asia to Northern Europe and Mediterranean , during the 38th and 42nd weeks, 122 of the 750 scheduled voyages were cancelled, with a cancellation rate of 16%. Of these, 68% of the blank voyages will occur on trans-Pacific eastbound routes, and 24% will occur on Asian to Europe and the Mediterranean routes.

During this period, the three major alliances canceled a total of 101 voyages, of which 2M Alliance was cancelled 40 times, and THE Alliance and the Ocean Alliance canceled 33.5 times and 27.5 times respectively.