Dear Clients, Shipping lines continue their aggressive price rises, with a significant increase announced by all shipping lines for the 1st JULY 2024. See below the summary of increases this year, thus far. You may wonder why these increases continue to be occurring and are increasing in value. Service Revenue – If shipping lines don’t get a similar or significant return on their assets (container equipment and ships) they will allocate them to higher grossing trade lanes. Previously this was mainly EUROPE and USA, but now AFRICA and SUB-CONTINENT are significantly higher than OCEANIA trade. We are playing catch up in theory. 1st Leg Space – If the service is calling Singapore, the shipping lines are prioritising space release to the highest grossing trade lane. Meaning if a container will leave China via Singapore into Africa and they can earn USD9000 vs China via Singapore into Australia at USD3000 – 4000 per 40’, they are going to release less booking space on the 1st Leg VSL for Australia cargo and more for Africa bound cargo. Container Shortages – Equipment is being held up at ports around the world, due to congestion. This is once again putting significant pressure on equipment as has been reported earlier. Simple economics here once again, the highest grossing freight rate, will get the equipment as a priority. GRI Figures ex CHINA 1st MAY USD200 to 500 per 20’ USD400 to 1000 per 40’   15th MAY USD300 per 20’ USD600 per 40’   1st JUNE USD300 per 20’ USD600 per 40’   15th JUNE USD300 per 20’ USD600 per 40’   1st JULY USD500 per 20’ USD1000 per 40’ GRI Figures ex S.E.ASIA 15th MAY USD100 per 20’ USD200 per 40’   1st JUNE USD100 per 20’ USD200 per 40’   15th JUNE USD100 per 20’ USD200 per 40’   1st JULY USD500 per 20’ USD1000 per 40’ As always, Transways will only be adjusting your pricing should the carriers apply the increases. If you would like to discuss the current market conditions further, please reach out to your Transways Key contact.

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