Capacity Tightens as Euromax Closes, Weather Hits & CNY Rush Builds

Welcome back to this week's market update.

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Winter weather leads to significant delays

Severe winter weather has significantly disrupted logistics across Northern and Western Europe over the past week. Snow, ice, and sub-zero temperatures are causing delays at terminals, depots, and throughout inland transport networks.

Last updates per (air)port:

• Rotterdam: High impact. Reports indicated a standstill at the ECT Delta terminal operations due to safety concerns, with truck drivers advised to avoid the area. The status today (Monday, January 12th) is that everything is available again and apart from earlier caused delays everything is running as it should.
• Hamburg: Faced significant slowdowns. While the CTA terminal has resumed operations, handling is considerably slower than usual. At the CTT terminal, rail and truck movements remain largely suspended, with waterside operations progressing slowly.
• Bremerhaven & Wilhelmshaven: Experienced minor disruptions, though full shutdowns have been avoided so far.
• Antwerp: In contrast, Antwerp reported no significant disruptions or shutdowns due to the weather.
• Schiphol Airport (AMS): Winter weather also hit air cargo hard last week. Disrupted flight schedules and de-icing delays have created a backlog. While operations are recovering, expect delays in cargo handling and trucking connectivity

The Loadstar

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Chinese New Year rush has started

With the Chinese New Year (CNY) holidays beginning February 17, the traditional pre-holiday rush has shifted gears. We are seeing a fundamental change in how carriers are deploying capacity this year.

• "Front-loading" strategy
  Unlike previous years, capacity on the Asia-North Europe trade is peaking early, projected to reach nearly 50% compared to 2015-2019, focusing on the 10-week period between Golden Week in early October and CNY. This is a deliberate move to "front-load" volumes, compensating for longer transit times (via the Cape) and ensuring European inventories are buffered well before the holiday shutdown. (The Loadstar)
• Rates & competition
  Demand is high and ships are full. Rates have gone up about 10-13% from Asia to Europe, but competition between carriers is keeping prices from skyrocketing. The actual market rates are currently lower than the steep increases carriers announced. (The Loadstar)

The risk for importers
Everyone is shipping early to beat the longer transit times, which is clogging up the system. This increases the risk of delays at ports. Be warned: in the final two weeks before Chinese New Year, there is a high chance your cargo could get "rolled" (left behind) to a later ship. (The Loadstar)

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Rate expectations

Major rate increases on all tradelanes

2026 has kicked off with a jump in spot rates across all major trade lanes out of Asia.

We are seeing double-digit percentage increases on both Asia-Europe and Asia-America trades.

The usual Chinese New Year rush is colliding with the longer route around the Cape. Everyone is shipping early to avoid delays. Even though carriers are adding extra ships, every spot is being taken immediately. This keeps prices high, although competition is preventing extreme spikes. Once the pre-CNY dust settles, rates are expected to correct. (The Loadstar)

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Air freight rates are going down

Rates dropped sharply in early January as the holiday rush ended. Airlines cut capacity by ~10% to match the lower demand. However, rates from Taiwan remain high because demand for high-tech goods is still strong.

Congestion warning with shipments via Bangkok, where e-commerce surges are causing delays of 3-7 days. Major hubs like Hong Kong, Taipei, Singapore, and Tokyo also remain congested. We expect the market (and rates) to tighten again later this month as Chinese New Year approaches. (The Loadstar)

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