Dear Clients, Shipping lines have once again announced another price increase. A GRI amount of USD300 per 20’ / USD600 per 40’ from the 15th JULY. In some positive news it seems that congestion in Singapore is starting to ease for some shipping lines and JULY volumes ex China have not been as strong as shipping lines were forecasting. Therefore, the pricing may start to stabilise a little and future price increases, although advertised may not be fully approved. The world Drewy index (tracks freight rates) is some 266% higher than 12 months ago... Shanghai – Rotterdam and New York, two key trade lanes tracked are currently at USD7800-8200 per 40’ range. This is only 20-30% lower than the pandemic highs... But keep in mind, the Drewy index is the VSL average and actual market rates are pushing above USD10,000 for space and equipment on these. 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’   15th JULY USD300 per 20’ USD600 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’   15th JULY USD300 per 20’ USD600 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.

Please click here to: UNSUBSCRIBE