The market remains largely unchanged over the past few weeks, with demand continuing to soften – not just in Australia, but globally. This is expected to change as Chinese New Year approaches.
Freight rates have started to decrease; however they are expected to rebound with the expected increase in volume.
Although the volatility of freight rates can be frustrating, their cyclical nature offers some predictability.
Bookings remain easier to obtain, but forward bookings are still encouraged.
Shipping lines are continuing adhoc blank sailings to maintain rate stability. We’re monitoring the situation closely and will notify you immediately if your cargo is impacted.
Singapore is not currently facing any issues with extended dwell times.
Further increases in Australian landside costs are anticipated early next year, with more details to follow.
