About Us Services Schedules News Contact Us Sweden - Email us sales@gsolutions.se Contact us Contacts LOGIN NEWS What is happening around us G-Solutions > News > News > Market Update – Sea Freight 25 November, 2020 Market Update – Sea Freight Both space and equipment is tight at the moment with fully booked vessels and empty container depots. November which is normally slow month, has proven the opposite and vessels to and from Asia are fully booked. This has caused the rates to rocket and are currently at all time high levels. The shortage of containers is especially low in Asia where the demand of 40’HC has been extremely high. This is a result of that Q3 2020 has been the strongest export quarter ever from Asia and so far we don’t see any decrease in volumes. Status in the Nordics Nordic ports are being hit particularly hard with equipment shortage and space constraints on both import and export as the ocean carriers want their container turn-around speeds to increase so the units go only to European base ports and then directly back to the Chinese market where they can generate high freight income. This has already increased rates drastically for the Nordic market, particularly for imports, but rates are expected to increase further and disruptions will be extensive on both import and export services with vessel omittances, schedule changes and booking blocks/cancellations. To meet this situation, we kindly ask you to send us your forecasts in order to plan your bookings in good advance. As we see it, this situation will last until Chinese New Year in February. Comments for this post are closed. Recent Posts G-Solutions new agent for UECC Market Update – Sea Freight The expansion continues! Good Distribution Practice (GDP) Bolloré Logistics beefs up its Nordic presence Archives September 2021 November 2020 October 2020 April 2020 January 2020 December 2019 September 2019 April 2019 March 2019 November 2018 October 2018 June 2018 May 2018 April 2018 March 2018 January 2018 December 2017 September 2017 August 2017 June 2017 May 2017 April 2017 March 2017 February 2017 January 2017 December 2016 November 2016 May 2016 April 2016 March 2016 February 2016 January 2016 December 2015 October 2015 September 2015 August 2015 June 2015 May 2015 April 2015 March 2015 February 2015 January 2015 December 2014 November 2014 September 2014 August 2014 May 2014 March 2014 January 2014 September 2013 August 2013 May 2013 March 2013 January 2013 December 2012 August 2012 January 2012 December 2011 October 2011 August 2011 May 2011 January 2011 November 2010 October 2010 September 2010 August 2010 May 2010 Categories News Uncategorized Wordpress by Wallmander & Co. Copyright © 2009–2017 G-Solutions. All rights reserved.