Better equipment availability at port shortages remain at inland depots. Capacity/Equipment Capacity remains tight for both North Europe and Mediterranean services.Rates Ocean rate levels remain stable but still extremely elevated.USWC remains heavily congested at both LA and LB despite improvement on the quay. Some services have reinstated their Savannah call as January 2022. Congestion at USEC ports is manageable at the moment.
Port omissions and changes in port rotations will continue in the mid-term. Schedule reliability is expected to deteriorate as winter weather batters the North Atlantic.Consider premium options, which may be limited. Recommendation Book at least 3 to 4 weeks prior to CRD.Capacity/Equipment Severe equipment shortage across all Asia origins.Space Extremely critical space situation.Due to the traditional CNY peak season, we anticipate that there will be likely a rate increases for the second half of January as well. Some carriers slightly increased their rates for the first half of January. Rates Rates remain stable at a high level.With continuous vessel delays and shifts, schedule reliability is very low and delays for pre-CNY sailings will have a significant impact into the post-CNY period. Carriers are overcommitted and are limiting booking acceptance or rolling shipments. Space and equipment remain very tight due to frequent blank sailings and port omissions. Space and equipment crunches continue as market demand consistently exceeds supply as rates stay very high for a long period.Recommendation Book at least 4 to 5 weeks prior to CRD.Capacity/Equipment Critical/Severe Undercapacity.Rates Rate levels remain elevated and potentially large increases are expected for January due to strong pre-CNY demand more shippers and importers are converting bookings from standard to premium.Rate increases were implemented for the first half of January, some of which are near the GRI levels seen over the summer. Capacity and sailings are limited relative to demand, largely due to sliding schedules, accumulating delays, and blanked sailings related to severe port congestion. Pre-Chinese New Year cargo rush pushes the ceiling for premium rates even higher, as some shippers with urgent cargo are willing to pay sky-high rates for sought-after space.
Star stable codes january 2022 update#
Ocean Freight Market Update Asia → North America (TPEB) What’s next, when will it all end, and how will we know when that happens? Join our economics experts as we discuss the state of the global trade economy, which metrics matter most in 2022 and why seasonality matters so much. Surging consumer demand and low inventories are still driving supply chain congestions, which in turn is driving price inflation. The health of our economy and logistics networks are intimately connected. State of Trade: Slowdowns and Seasonality - Key Indicators to Watch in 2022 January 19 at 9:00 am PST / 11:00 am EST / 5:00 pm GMT
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