After months of ups and downs, the global container shipping market has finally seen signs of stabilizing. Recently, China and the States reached a one-year truce agreement on port fees, deciding to suspend the fees in both directions. This move is like a "pacifier", which is expected to the tension caused by trade friction to a certain extent and play a positive role in stabilizing market sentiment.

Meanwhile, the adjustment of the transport capacity of the main routes the east-west main routes is still ongoing. In the period from the 45th week (November 3-9) to the 49th week (December1-7), 69 of the originally scheduled 718 voyages have been cancelled, with a cancellation rate of 10%. From the distribution of, the transpacific eastbound route is the most affected, with a cancellation rate of 46%; the Asia-Europe/Mediterranean route is the second, a cancellation rate of 38%; and the transatlantic westbound route is relatively less affected, with a cancellation rate of 16%.

Fortunately,, about 90% of the weekly voyages are still able to maintain normal operation, which provides some support for the stable operation of the market.

In terms of, the global cumulative number of stopped voyages in October reached as many as 96, a significant increase from the 58 in September, and the corresponding capacity shrank about 7% month-on-month. Looking forward to November, market capacity is expected to see a slight recovery, with an increase of 7%, and the number stopped voyages will also fall to 64.

The data from the World Container Index (WCI) of DHL shows that on a week-on-week as of the week of October 30, the freight rate for a 40-foot container has increased by 4%, reaching $1,822. Looking the specific routes, the freight rates for the transpacific and Asia-Europe/Mediterranean routes have climbed by 5% and 4%, respectively. In, the transatlantic route has seen a decline of 2%.

It is still not clear whether this round of recovery in freight rates and transport capacity is the beginning the market's move towards long-term stability or just a temporary fluctuation. Liner owners and freight forwarders still need to plan for flexible shipping plans to deal with emergencies the supply chain.