Market Update: Tight Vessel Space & Rising Ocean Freight Rates

Market Update: Tight Vessel Space & Rising Ocean Freight Rates

As the peak shipping season approaches, container capacity on major trade lanes becomes increasingly tight. 

Many carriers have implemented general rate increases, leading to continuous upward adjustment of ocean freight.

Strong overseas stocking demand, port congestion and limited vessel deployment jointly push up logistics costs. Space shortage, roll-over containers and uncertain transit schedules have become frequent recently.

To minimize impact on your shipment:

• Arrange booking as early as possible to secure space and lock freight cost; • Prepare sufficient lead time and allow possible sailing delays; • Inform us of your shipment schedule in advance. We will arrange export plywood case packing and loading in good order.

We will closely monitor shipping market trends and keep you updated on the latest freight and vessel availability.