The Dispatch - Week 26

Rates

Numerous articles this week noting how spot rates had fallen under contracted rate levels, and how this could be the start of an eventual return to pre-pandemic pricing levels.

You can see from the XSI & FBX charts below that rates had flatlined somewhat of late, but we are certainly seeing the potential for further reductions incoming. As always with spot it’s very dependent on timing and what you are looking to move, so please get in touch for any specific pricing options.

XSI® - C

Report a figure of $10,307 per 40’ container (FEU) dated 28/06/22 (down 0.44% WoW)

FBX

Report a figure of $10,587 per 40’ container (FEU) dated 01/07/22 (down 1% WoW)


News

Ocean freight peak season hangs in the balance – will it sail or sink? - The Loadstar
Two vastly different scenarios could lie ahead for ocean freight, both of which are equally plausible, according to leading industry analyst Lars Jensen. At an Air & Ocean Freight Outlook webinar, organised by Danish forwarder Scan Global Logistics last week, the CEO and partner at Vespucci Maritime…
Shippers to pay the penalty as ONE set to apply overweight charge - The Loadstar
Asia-Europe ocean carriers are cracking down on rogue shippers who incorrectly declare westbound booking container weights and make last-minute verified gross mass (VGM) amendments. Misdeclared booking weights can cause the weight allocations of individual alliance partners to be exceeded, ships to…
European exporters wary of UK customs switch, with traders still unprepared - The Loadstar
UK ports face a “shit show” from 1 October, if even a fraction of the traders not yet using the country’s new customs declaration system fail to migrate before the September deadline. And European shippers say it could be yet another hurdle for exporters. From October, UK imports will run through up…

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