Asia Ocean Freight - May Update
As per our recent Shipping FAQ advisory, the real impact of the Ever Given incident has been felt in May, with serious congestion and equipment shortage further increasing pressure on the ocean freight trade globally, and resulting in rate increases.
Further to our last advisory, please see below a further update on freight rates, space and equipment, all of which are still having a major impact on the Asia – Europe trade routes.
Pricing & Space
Unfortunately at the moment paying what is considered to be a premium freight rate does not ensure that the space booked for a specific sailing/vessel is guaranteed.
Statistics reported for April have confirmed that 4 out of 10 containers booked did not sail on their original schedule. Our Asia Team anticipate that this situation will deteriorate further throughout May / June.
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