Far East Westbound Market Update for May

We'd like to advise you of some important developments in the shipping industry that may influence your upcoming shipments.

Potential Blank Sailings and Limited Space in May

As we progress through May, there are noteworthy challenges on the horizon that may affect shipping schedules and availability.

Blank Sailings

There are several planned blank sailings on various routes, implying that some sailings may be canceled or postponed. These blank sailings could result in longer transit times for your shipments.

Limited Space

In addition to blank sailings, we're observing a tightening of space on vessels due to high demand and restricted capacity. This trend is anticipated to persist through May, making it challenging to secure space for shipments.

Implications for Rates

Given the interplay of blank sailings and limited space, we predict an escalation in shipping rates in the coming weeks. The surging demand and reduced capacity are key factors in this rate adjustment.

Reasons for These Developments

The primary reasons for these challenges are:

• Seasonal Demand: May traditionally witnesses a surge in shipping as businesses gear up for the summer season.
• Port Congestion: Congestion at certain ports is causing delays in loading and unloading cargo.
• Red Sea Security: Houthi vessel attacks, and the ‘MSC Aries’ vessel seizure have created more instability in the region
  

Despite these challenges, our commitment to providing you with reliable and efficient shipping services remains our top priority.

Should you have any questions or concerns, please do not hesitate to contact us.