{"id":284203,"date":"2026-02-06T17:07:08","date_gmt":"2026-02-06T17:07:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/284203\/"},"modified":"2026-02-06T17:07:08","modified_gmt":"2026-02-06T17:07:08","slug":"xeneta-weekly-ocean-container-shipping-market-update-6-2-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/284203\/","title":{"rendered":"XENETA WEEKLY OCEAN CONTAINER SHIPPING MARKET UPDATE \u2013 6.2.2026"},"content":{"rendered":"<p>\u00a0<\/p>\n<p>Latest Xeneta ocean container shipping data highlights are provided below quotes from Xeneta Chief Analyst Peter Sand.<\/p>\n<p>Analyst insight on this week&#8217;s announcement by Gemini Cooperation (Maersk and Hapag-Lloyd) on returning\u00a0its ME11 service to full loop Red Sea transits can also be found <a href=\"https:\/\/www.xeneta.com\/news\/gemini-cooperation-announces-service-return-to-red-sea-xeneta-analyst-update\" rel=\"noopener nofollow\" target=\"_blank\">here<\/a>.<\/p>\n<p style=\"line-height: 18.4px;\">Xeneta analyst insight<\/p>\n<p style=\"line-height: 18.4px;\">Peter Sand, Xeneta Chief Analyst:<\/p>\n<p style=\"line-height: 18.4px;\">\u201cAverage spot rates have fallen on all Far East fronthauls to the US and Europe in the past week, but there may be a sting in the tail for shippers with carriers expected to begin blanking sailings more aggressively.<\/p>\n<p style=\"line-height: 18.4px;\">\u201cThe steepest spot rate decline is found from Far East to Mediterranean, down -6.6%, followed by -5.3% to North Europe, -5% to US East Coast and -3.1% into US West Coast.<\/p>\n<p style=\"line-height: 18.4px;\">\u201cCarriers will begin blanking sailings more aggressively in a bid to tighten capacity and bring the decline in freight rates under control. <\/p>\n<p style=\"line-height: 18.4px;\">\u201cIf a shipper expects cargo to leave port on a certain date, they should factor the risk of that service being blanked &#8211; potentially at the last minute &#8211; and the subsequent ripple effects of delays on their supply chain.<\/p>\n<p style=\"line-height: 18.4px;\">\u201cShippers may benefit from overcapacity if it forces lower freight rates, but if that overcapacity also causes increased blanked sailings, there could be an operational price to pay.<\/p>\n<p style=\"line-height: 18.4px;\">\u201cMaersk has already reported a loss for its ocean segment in Q4 2025 (APMM Q4-2025 EBIT for Ocean at -$153m) and all carriers will face overcapacity challenges in 2026. Carriers\u00a0will not sit and watch freight rates fall, with blanking sailings being just one tool at their disposal..\u201d<\/p>\n<p style=\"line-height: 18.4px;\">\u00a0<\/p>\n<p style=\"line-height: 18.4px;\">Data highlights<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/02\/WRU spot 5 Feb 26.png\" width=\"1286\" height=\"798\" loading=\"lazy\" alt=\"WRU spot 5 Feb 26\" style=\"height: auto; max-width: 100%; width: 1286px;\"  \/><\/p>\n<p style=\"line-height: 18.4px;\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/02\/WRU capacity 5 Feb 26.png\" width=\"1290\" height=\"797\" loading=\"lazy\" alt=\"WRU capacity 5 Feb 26\" style=\"height: auto; max-width: 100%; width: 1290px;\"  \/><\/p>\n<p style=\"line-height: 18.4px;\">\u00a0<\/p>\n<p style=\"line-height: 18.4px;\">Ends<\/p>\n<p style=\"line-height: 18.4px;\">Journalists can be added to the distribution list for Xeneta Weekly Market Updates by emailing <a href=\"https:\/\/www.xeneta.com\/news\/mailto:press@xeneta.com\" style=\"color: #96607d;\" rel=\"nofollow noopener\" target=\"_blank\">press@xeneta.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 Latest Xeneta ocean container shipping data highlights are provided below quotes from Xeneta Chief Analyst Peter Sand.&hellip;\n","protected":false},"author":2,"featured_media":284204,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":{"0":"post-284203","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-ie","11":"tag-ireland"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/284203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=284203"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/284203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/284204"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=284203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=284203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=284203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}