According to the latest news, recently, the Far East - Europe trade route has continued to dominate in global liner shipping and has firmly held the top position as the largest container cargo transportation route. Over the past year, the global container fleet capacity has increased by 8.9%, reaching 321 million standard containers, with an additional 26.2 million standard containers. Among them, the Far East - Europe route absorbed most of the new capacity, with vessel deployment increasing by 11.7% year-on-year. Since May 2024, the Far East - Europe route has added 817,000 standard container spaces, accounting for 31% of the global new fleet capacity during the same period. This has led to changes in the freight rates on the Asia-Europe route. Taking the route from Yantian to Hamburg as an example, the data shows that the freight rate for this route is $1,465/TEU and $2,410/FEU. The Asia-Europe route has seen a sharp increase in capacity, mainly due to the ongoing Red Sea crisis. The crisis forced carriers to take alternative routes around the Cape of Good Hope, and to maintain schedules, they could only increase the capacity investment. Since May 2023, the total capacity of the Far East - Europe route has increased by 2.26 million standard containers, reaching 7.8 million standard containers, accounting for 24.4% of the global container fleet, an increase from 20.8% two years ago. Additionally, the capacity growth percentage of related trade routes in Latin America is the most prominent. Over the past year, these routes have added 606,000 standard containers of capacity, an increase of 15.6%, far exceeding the global average. As of last month, 14% of the global container fleet is deployed on routes to and from Latin America, highlighting the increasingly important position of this region in global liner shipping.
# Far East Europe Route # Asia-Europe Shipping # Container Capacity # Red Sea Crisis Shipping # Latin America Shipping