Trans Pacific Market Update Dec 11, 2020

Dear Valued Client

 

The extremely strong  trading condition, with container volume exceeding available supply, is forecasted to remain strong through Chinese New Year.

 

Equipment shortage throughout Asia will continue to impact the ability to secure equipment necessary for booking.

 

Likewise we note many carriers are now focusing on “mother ports” and eliminating service from smaller/non-direct call ports. You may have to consider utilizing direct call ports to protect the integrity of your supply chain.

 

It is anticipated that ocean freight cost will continue to increase prior to and immediately after Chinese New Year. With the ongoing capacity issues numerous carriers are not in a position to accept any new business.

 

Thank you for your support.

 

Please contact your USPTI representative with any concerns