As we head into the peak importing period, we are starting to see space tighten on vessels ex North & South East Asia into New Zealand.
The seasonal pressure on space into New Zealand has intensified over the past few weeks due to increase in volume and rates, in addition to the blank sailing policy of carriers on the Asia to Australian trade lane ( with most vessels calling Australia in transit to New Zealand)
Some carriers are using this opportunity to increase rates into New Zealand with effect fom 1st August 2019.
Please note the level of increases will vary between shipping lines, some have chosen not to increase, however we see increases on average being USD 50 /20′ and USD 100 / 40′.
It is important to to keep in mind that freight rates have been falling since February of this year, and these current increases will not offset the reductions which have been implemented since that date in most cases.
It is inevitable that further increases will occur over the next four months, as carriers look to regain revenue that was lost over the previous six months !