Trade lanes explained; know your route to market

The exporting and importing of goods right now is a challenge. There is no denying it.  But, the global trade of goods must and will continue.  So the question is, how do we best plan our shipments in these arduous times?

Our advice; know your trade lane and understand your market conditions. Before booking your next shipments, update yourself with our brief update on major trade routes.

 

Download our full trade lane report here

Eight quick facts you should know…

 

  1. Volume from North Europe to the USA increased 11.4% YoY in February, whilst simultaneously only 14.7% of vessels were on time.

     

  2. From Europe to Oceania, space remains under extreme pressure, with booking delays of around 4 to 6 weeks.

     

  3. Due to the conflict in Ukraine, Europe to Asia / Middle East long-term rates remain stable and spot ocean freight rates have softened.

     

  4. Current COVID measures at Chinese ports may reduce the volume coming into the USA and improve bottlenecks, but the effects will be visible in a couple of weeks. Plus, new services are being added between Asia and North America.

     

  5. Cargo moving from Oceania to North America has seen strong rate increases in April, with market GRIs up to USD 3000 per container in April.

     

  6. Equipment supply shortages, especially for 20ft dry containers suitable for flexitanks continue to disrupt exports from South America to North America.

     

  7. In South America also, dry container cargo exports compete against reefers, which take priority, and carriers also tend to favor empty repositioning to Asia, to accelerate container turn around.

     

  8. South Africa is another location with extreme shortages of 20ft container equipment.  Container availability is only made possible by arriving vessels. 

 

Download our full trade lane report here

 

 

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