Zencargo Market Update: 17th April
Apr 17, 2023
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Apr 17, 2023
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Container spot rates from Asia to North Europe have increased according to recent reports, causing some carriers to hold off on quoting for May shipments due to anticipated general rate increases.
Spot rates from Asia to Mediterranean ports remained flat, as did spot rates on the Transpacific. However, a number of carrier general rate increases looks set to push spot rates back up on the Transpacific route as volumes pick up and carrier supply management tightens.
A recent HSBC report suggests that the container shipping sector is now witnessing signs of improvement as spot rates may have bottomed out.
Linerlytica has reported that charter rates have risen and capacity utilisation has also increased on the US west coast routes as “market sentiment continues to turn positive”.
With suggestions that the market is picking up, what does this mean for rates?
To explore this topic, we are hosting a webinar “Rates: Are we at rock bottom yet?” on Tuesday 18th April at 2pm (BST) which you can register for here.
Central China to USA and Europe
North China to USA and Europe
South China to USA and Europe
European Bank Holidays
We anticipate a shortage of availability and the occurrence of delays around the bank holiday periods. Plan ahead and allow extra time for your products to be delivered.
April 17 – Bulgaria, Cyprus, Greece, Romania
April 18 – Cyprus*
April 21 – Spain*
April 22 – Spain*
April 24 – Spain*
April 25 – Italy, Portugal
April 27 – Netherlands, Slovenia
April 28 – Gibraltar
April 29 – Russia
April 30 – Russia
May 1 – Albania, Andorra, Austria, Belarus, Belgium, Bosnia and Herzegovina (FBiH), Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Finland, France, Germany, Gibraltar, Greece, Guernsey and Alderney, Holy See (Vatican City), Hungary, Iceland, Ireland (Eire), Isle of Man, Italy, Jersey, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Monaco, Montenegro, North Cyprus, Norway, Poland, Portugal, Romania, Russia, San Marino, Serbia, Slovakia, Slovenia, Spain, Svalbard and Jan Mayen, Sweden, Switzerland*, Transdniestria (PMR), Turkey, UK (United Kingdom), Åland (Ahvenanmaa)
May 2 – Bosnia and Herzegovina (FBiH), Montenegro, Serbia, Slovenia, Spain*, Transdniestria (PMR)
May 3 – Poland
May 4 – Austria*, Latvia
May 5 – Denmark, Faroe Islands, Greenland (Kalaallit Nunaat), Latvia, Netherlands*
May 6 – Bulgaria, Russia
May 7 – Lithuania, Russia
May 8 – Belarus, Belgium*, Bulgaria, Czech Republic, France, Gibraltar, Guernsey and Alderney, Isle of Man, Jersey, Moldova, Russia, Saint Helena, Slovakia, Transdniestria (PMR), UK (United Kingdom)
May 9 – Belarus, Bosnia and Herzegovina (FBiH)*, Guernsey and Alderney, Jersey, Kosovo, Luxembourg, Moldova, Russia, Transdniestria (PMR)
May 15 – Spain*
May 17 – Norway, Spain*, Svalbard and Jan Mayen
May 18 – Austria, Belgium, Denmark, Faroes Islands, Finland, France, Germany, Greenland, Iceland, Liechtenstein, Luxembourg, Monaco, Netherlands, Norway, Saint Helena*, Svalbard and Jan Mayen, Sweden, Switzerland, Åland
*Not in all regions
The information that is available in the Weekly Market Update comes from a variety of online sources, partners and our own teams. Click below to learn more about how Zencargo can help make your supply chain your competitive advantage.
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