Sea freight: strong demand, geopolitics drive rate increases

2024-05-09 09:48

venti-views-1cqIcrWFQBI-unsplash.jpg

According to LINERLYTICA, container freight and charter markets experience continued growth, with carriers seeking further rate increases through May. Despite initial overcapacity concerns, demand for ships remains strong due to the diversion of vessels to the Cape route, effectively reducing available capacity by over -7%. Driven by strong demand, new service deployments have pivoted towards the Mexico and Middle East/Indian markets.


The collapse of Middle East peace talks fueled anticipation of rising freight rates to Northern Europe in the coming months, as capacity utilization on this route reached a three-year peak. CMA CGM just informed about multiple blanked sailings from Asia to North Europe in June.


AGROMATE CO., LIMITED

Office Address: Defeng Skyscraper, Ning'an Avenue, Jinfeng District, Yinchuan, Ningxia, China

Legal Address: Flat/Rm. 08-09 19F, Lippo Centre Tower 1, 89 Queensway, Admiralty, Hong Kong.

Email: info@agromate.com

Telephone: +86 9518512898 EXT 807 +86 15209575812

Working Time: 9:00am-6:00pm(UTC +8/ HK time)

AGROMATE SG PTE. LTD.
Address: Gateway West #06-01,150 Beach Rd, Singapore 189720
Telephone:+65 63223788