The Asia-Europe Container Shipping Outlook: A TPM27 Webcast

 

Schedule reliability on the Asia-Europe trades has been destroyed by four typhoons in seven weeks that created berthing delays lasting up to 14 days across Shanghai, Ningbo-Zhoushan and Yantian as terminals closed and ships sheltered from the storm. The average delay for late vessels on Asia-Europe in mid-September exceeded six days for the first time since the pandemic disruptions. Data from rate benchmarking platform Xeneta showed that on-time performance plummeted to just 6% in August on both the Asia-North Europe and Asia-Mediterranean trades, with residual delays expected to persist through October as the Golden Week shutdown adds to container backlogs. The delays are hitting the Asia-Europe trade lane as carriers rapidly return services to the Suez, placing further pressure on North European import gateways that are already facing structural bottlenecks. With demand on Asia-Europe finally softening after a robust peak season, European shippers and their service providers will have time to take a breath before the end-of-year run up to Lunar New Year begins.

Join our panel of experts to hear what the Asia-Europe trade lane has in store for the last quarter and beyond.