
Market Update: January 31, 2018
Carriers heavily mitigated the February 1 GRI ahead of Chinese New Year, with ocean space tightening and blank sailings expected across Asia lanes.

Carriers heavily mitigated the February 1 GRI ahead of Chinese New Year, with ocean space tightening and blank sailings expected across Asia lanes.

Air freight rates held high with tight capacity as carriers idled freighters for year-end maintenance and Hong Kong added a fuel surcharge increase.

Peak season pushes ocean volumes up and space tight on major lanes ahead of the September 1 GRI, with Asia-Europe capacity set to grow 23%.

July 2017 ocean and air freight rates and capacity, as peak season tightens space and the Petya cyberattack disrupts Maersk and APM terminals.

Ocean space stays tight from Asia-Europe and India-U.S. amid contract season changes and easing port congestion at the Port of Shanghai.