Dear Clients,

Further to our notification earlier in the week, we have now seen MSC come to the market and announce a GRI @ USD500 per 20' / USD1000 per 40' effective from 1st MAY ex China, Hong Kong, Taiwan.

Market conditions are also changing rapidly, please find several notable key points below.
  1. CHINA - EAST COAST (SYD / MEL / BNE). APRIL sailing schedules are almost all fully booked. With many carriers now advising a 2 - 3 week booking request period.

  2. CHINA - EAST COAST. May shipping rates are pushing USD1250 - 1350 per 20' / USD2500 - 2700 per 40' via several shipping lines.

  3. West Coast is not seeing the same demand, but as in previous years if Singapore starts to become congested, expect Fremantle / Adelaide rates to start to push up.

  4. S.E.Asia and Sub-continent cargo has not seen the price increases like China. But expect MAY or JUNE to see some form of increase.
As always, Transways will only be adjusting your pricing should the carriers apply the increases at the levels listed above.

We strongly encourage you to liaise with your shippers and apply pressure to get confirmation on cargo ready dates 2 - 3 weeks out from the actual ready date and to work with your key Transways contacts to get bookings locked in.

No its not the pandemic craziness all over again, but there is certainly a different feel to the market conditions than this time 12 months ago (when rates fell to near record lows on several trade lanes) during the months of APRIL / MAY / JUNE.

If you would like to discuss the current market conditions further, please reach out to your Transways Key contact.

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