Ocean Freight Capacity From Asia Under Pressure

May 09, 2024

 

Ocean freight services from Asia are starting to look just like the days of the pandemic, as widespread capacity issues have seemingly returned.

Ahead of the traditional peak season, carriers are reporting a severe lack of space from the Far East and Southeast Asia.

As a direct result, freight rates are spiralling upwards and despite a GRI being implemented just last week, further increases are already being applied. In some cases steamship lines have even adjusted rates on cargo that has already been booked.

This latest squeeze on capacity has been attributed to an increase in demand, journeys being extended even further due to the increased range of Houthi rebels, delayed schedules, and carrier’s blanked sailing programmes.

Just like the period that followed the pandemic outbreak, equipment shortages are also hindering bookings and making the situation worse.

It is not an understatement to suggest that capacity issues are becoming a major challenge again.

Freedom suggest that customer’s provide as much notice as possible of bookings and identify urgently required shipments.

 

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