PRESS ROOM

As a provider of international container shipping services, the U-Freight Group notes a report on the Splash247 website that says that barring the pandemic bonanza years, box rates on the transpacific are soaring to highs not seen since 2012 for this time of year, a testament to carriers’ tight capacity discipline amid what some are labelling as a disappointing peak season.

The report quotes from noted market watchers such as Drewry, Vespucci Maritime, HSBC, Freightos, and Linerlytica, and can be read in full here: https://splash247.com/box-rates-on-the-transpacific-soar-amid-strict-capacity-discipline/

Active capacity management does appear to be at least one of the factors behind the recent increase in the transpacific spot rates, leading analysts at Sea-Intelligence to conclude that unless the major carriers are intent on a price war, and hence giving up substantial amounts of the cash reserves from 2021-2022, it would expect a substantial increase in blank sailings on all three east-west trades in the coming months.

The carrier discipline comes at a time where many experts are questioning just how strong demand is, with some saying that 2023 will not see a typical peak season, with no signals of such either on the ocean or in the air.

You can find more information about the U-Freight Group’s ocean freight services by visiting the relevant pages of this website or speaking to your usual contact in our company.