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'Nightmare scenario' on Asia-Europe ocean trades?

The U-Freight Group, as a provider of international container shipping services, including LCL and FCL import and export operations, notes a recent article on the Loadstar website, which suggested that both demand and rates are surging at present on the Asia-Europe trades.

It reports sources saying that a cocktail of continued sustained capacity demand, blank sailing programmes and a full-year outlook that offers nothing positive on the crisis in the Red Sea has sent ocean freight rates on a rapid upward trajectory, with container lines busy implementing peak season surcharges and GRIs on both long- and short-term contracts, with unrelated trade lanes now being affected as capacity is being diverted to the more profitable route.

This is something that our ocean freight staff are seeing in the LCL sector with freight rates for planned departures between May 15th and 31st increasing significantly as container equipment and vessel space continue to impact the market.

You can read the full article here:

U-Freight remains committed to helping clients manage the difficult situations facing container shipping at present and mitigate where possible additional costs incurred. Our ocean freight team will endeavour to keep in close contact with all clients to provide updates on specific movements.

For more information about our ocean freight forwarding and logistics services, please visit the relevant pages of this website, or contact your local office, which can be seen here: