11 March 2020

Ocean Market

    • China inbound : Increased Ocean inbound freight and empty equipment shortage are 2 major problems as we see in the market.    
    • China outbound : Data tracking Chinese port calls shows a remarkable recovery over the last week. This could be due to reductions to port congestion and further data is needed to see if this trend is sustainable, or if there is a second dip once the initial backlogs are cleared. The pace of new blank sailings has clearly declined, suggesting a belief from the carriers that volumes will slowly be brought back to normal levels.
    • Blank sailings: COSCO:MEX4, MEX5 ; CMA: PEX3/GME2