Customer reports, news and press releases.

Chinese holidays and peak season keep sea freight market busy

While peak season and China’s October 1 Golden Week are approaching, US-imposed additional tariffs on USD 50 billion worth of goods imported from China are driving the sea freight market.

Far East – Europe

Space situation is tense to both, the North European continent and the Mediterranean. Rates are predicted to rise moderately beginning of September.

Due to the October 1 Golden Week holidays in China, factories will be closed completely during week 40. On top of this, the traditional mid-autumn festival takes place just one week before the Golden Week, so factories in China may start their holiday earlier.

A peak in demand is expected prior to the long holidays. Please place your booking in advance to secure capacities.

Europe – Far East / Far East – South America East Coast

Space is available and rates remain stable.

Far East – South America West Coast

Space on vessels has been getting tight since week 33; rates are expected to increase in September.

Far East – North America West Coast

Peak season triggers shortage of space which is intensified companies trying to move cargo before the new US tax on imported goods from China that comes into effect on August 23. Limited space is expected to last until mid-September at least. Rates are increasing.

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