Global sea shipping. What you need to know by trade lane.
Whilst Europe and North America come to an agreement over the Boeing dispute, Asia and Oceania are still at logger heads over anti-dumping tariffs and South Africa faces another freeze in alcohol sales. Situations which all effect the trade of goods globally.
We’ve summarized what’s happening with global trade lanes, so you can stay well-informed of the situation.
Europe to Asia / Middle East
Rebounding back after a wave of Covid put the brakes on port operations at Yantian port, equipment availability is looking scarce through, especially for reefers.
North America to Europe
The recent fire on-board the NYK Delphinus and continued omission of Oakland port by carriers adds to existing backlog of containers. Rates are expected to remain undisturbed through the end of Q3.
Asia to North America
Cargo volumes increased by 35% and freight rates above USD 20,000 /40 to USWC have become ‘normal’. Access to space will worsen in the coming weeks.
Oceania to Asia
Most carriers report full vessels through to end July and vessel berthing is delayed up to 7 days.
Goods are moving by ocean, albeit slower than what we’ve previously been accustomed too. Plus, there are other options to full container shipping such as groupage for smaller shipments or air freight for speed.
It’s also worth considering insulating your pallets or full containers. With berth times long and port omission unpredictable, you’ll want to safeguard your products from temperature and humidity. As these lead to problems like container rain and odor!
Once again, here's the summarized version of what's happening with global trade lanes: