Asia–Europe container rates are falling as port congestion in Asia pushes carriers back towards the Suez Canal.

Sogese's September Europe Container Market Update puts Shanghai–Genoa at US$4,368 per 40ft container, down 10% week on week, with Shanghai–Rotterdam down 5% to US$4,092. Blank sailings on the trade are set to drop from four to one, an early sign of capacity returning, while rates and demand are increasingly diverging by trade corridor.

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