The largest importers from Asia have had to accept a doubling of their long-term rates, while those who delayed negotiations in the hope of more favourable conditions have instead been hit with an additional 10% increase on top!
Shippers council to set up observer group to monitor shipping line performance amid continuing export sea freight capacity crisis
The new shipping alliances launched on the 1st April 2017, heralding significant changes and prompting many questions: With no competition on the main Asia Europe routes, will the lines push prices up; or with more sailings and new vessels joining, will congestion end and prices come down?
If it’s not been caused by blanked sailing and it’s not a sign if changing trading pattern what has caused the unprecedented Eastbound and Westbound vessel congestion and more importantly when will it end??
Having already endured increasing rates and the biggest peak season for eight years, shippers are now facing unprecedented space challenges.
As we step into 2017 the shipping lines are looking at what they hope will be a steadily firming market.
With spot rates rising by 73% in the last nine months, major importers from Asia are facing increases of up to 20% and fewer perks as they engage with the container lines in annual contract discussions.