The Dispatch - Issue #38

Rates remain mostly as we were. Spot rates hovering around the $1500 - $1600 mark dependent on which port you are coming into. However, space remains pretty tight and the cheapest rates get any available space snapped up pretty quickly. With rates seemingly settled currently, we are trying to see

The Dispatch - Issue #37

Quiet week on the freight rate front due to the Chinese New Year break. Rates had already dropped significantly and may have finally bottomed out, but with traditionally soft demand after CNY, expect more blank sailings and schedule disruption. As always, for the best current spot pricing, just click below

The Dispatch - Issue #36

Our first issue of 2023 🥳 It’s too late to bother with the happy new year stuff now, so I’ll leave that there… Rates finally appear to have bottomed out, even seeing a slight increase with some carriers. This has been reinforced by the New Year holidays in China,

The Dispatch - Issue #35

Rates We’ve not hit the bottom yet, as rates continue to erode from Asia to the UK. 40’ containers can now be booked at under $1500 into Southampton, however sailings are still a little erratic as the lines implement yet more blanking sailings to halt the pain. Get in

The Dispatch - Issue #34

Rates More reductions incoming, as carriers are seeing rates crash back down to pre-pandemic levels (and below). There is the small issue now of not being certain of getting on the sailing you are aiming for due to blanking’s, but at least you’re not paying $20,000 for

The Dispatch - Issue #33

Rates How low can they go? There’s talk that rates may have finally bottomed out, with capacity being removed from the market. However, I think there may be a room for further falls over the next month. There are headline rates available at $2250 per 40’ container if you’

The Dispatch - Issue #32

Rates Rates continue to drop, with blank sailings not appearing to have the desired effect of halting the slide. Space can be secured across the board at $3500 per FEU. When this actually sails on a ship is another matter, with the blank sailings and new COVID-19 lockdowns in China

The Dispatch - Issue #31

Rates A quiet week on the rate slide due to the Chinese golden week holiday. There is some talk in the market of rates stabilising and possibly increasing, as the carriers have taken this as an opportunity to blank more sailing and get their ducks in a row. However, I’

The Dispatch - Issue #30

Rates The tide has seemingly turned on the carrier's gravy train of sky-high rates. With reductions across the board coming in every few days, containers can now be booked at rates from $4500 per FEU. You can see from the news section below that the carriers will try

The Dispatch – Issue #29

Rates Spot rates continue to slide, with rates being pitched at under $5500 per FEU, and confidence that they will be below $5000 before the months out. Those who fixed long-term contracts at much higher are now pushing for reductions… things are getting back to normal then on the pricing