Ocean Freight Update
Asia to USA/Canada
Demand has softened slightly
Space is available, tighter in some regions
Congestion has eased at both USEC and USWC ports, but still in flux
Trucking and intermodal options opened up
Rates remain elevated relatively and expected to increase with Traditional Peak Season on the horizon
Shanghai Covid Restrictions and International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) labor negotiations commence cause some uncertainty
Forecast/Bookings recommended 21-28 day advance notice prior to Cargo Ready Date
SSL Routings continue to adjust
Europe to USA/Canada
Demand is high
Space and equipment availability remains critical, to both USWC and USEC
USWC Congestion is improving
Congestion across USEC ports, specifically Savannah and Houston are heavy but some signs of improvement
Delays due to origin port and transship port congestion continues
Forecast/Bookings highly recommended 45-50 day advance notice prior to Cargo Ready Date
Rates remain elevated, due to high demand.
Some Mediterranean ports implement port storage charges
Inland capacity tight
Inland FSC increases in place
India to USA/Canada
Space and equipment availability is still critical
Rollovers/delays continue, but show signs of improvement
ICD points still lack equipment and are experiencing delays
Forecast/Bookings recommended 50-60 day advance notice from Cargo Ready Date
Rates remain elevated
To discuss your cargo or solutions on particular lanes, please contact your South East World Wide, Ltd. Sales Representative.