Seriously Short of Cargo for Europe, O/F Rates are Reduced Again
- Europe: short of cargo seriously. Every carrier is reducing the rates time after time.
- NYK started to collect port congestion charge at USD100/TEU since this Jun 1.
- PSS at USD300/TEU will be implemented for cargo to South America west coast from Jun 15. PSS for Puerto Quetzal and Manzanillo will be USD225/TEU.
- Southeast Asia: COSCO is reducing their rates and offering special rates for certain ports. But APL increased their rates.
- HMM launched new service to Red Sea calling Jeddah, Aqaba and Hodeidah. NCL keeps offering low rates for direct service to Jeddah.
- other lanes: every carrier increased the rates together.