Every week our Global Commercial Team will bring you information on the Ocean Freight Market, keeping you up-to-date with the latest industry news and trade developments.

 

Asia to North Europe/ UK

  • Pre-CNY cargo rush: tight space situation on all FEA to NEU and MED lanes.

  • FAK rates have increased from 1st January 2019.

Space Status

  • UK

Tight

  • North Europe

Tight

  • Black Sea

Tight

Asia to Oceania

  • Australia East Coast volume has not increased in week 2 as expected.

  • Cargo rush occurred in Australia West Coast.

  • Carriers have not succeeded in defending their GRI plan from 1st January 2019.

Space Status

  • Australia East Coast

OK

  • Australia West Coast

Tight

Asia to Transpacific

  • Carriers are pushing freight rates upwards due to the pre-CNY cargo rush, targeting USD2200 per 40′ for West Coast based ports and USD3200 per 40′ for East Coast base ports.

Space Status

  • USA East Coast

Tight

  • USA West Coast

OK

Asia to South Africa

  • Demand is expected to increase due to the pre-CNY cargo rush.

Space Status

  • South Africa (Durban)

OK

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