Space allocation challenges from Europe to Asia | March 2017
Chinese New Year was celebrated earlier in the 2017 calendar year than most years and we are starting to see a flow on effect and we are seeing:
- Shipping lines at full capacity from Europe to Asia
- A surge in freight volume out of Europe that we have not seen for many years
- Some shipping lines are no longer accepting bookings until after Easter
Proposed General Rate Increase | April 1st, 2017
The rates on the Europe to Asian trade lane have now increased by over double since late last year and carriers are now proposing General Rate increase (GRI) on the Europe through to Australia trade lane too. This increase is set to be implemented from 1st April 2017 and whilst the full quantum is yet to be confirmed, we believe that based on the port of loading it will be between USD100 – USD250 per TEU. Once known we will update further, since this will also effect rates covering less than a container load (LCL) consignments to.
What does this mean for me?
Please ensure you are contacting your local Mainfreight A&O team as early as possible when placing order so we can manage the process for you and review all available cost effective options to minimise any potential delays that could occur.