Zencargo Market Update: 8th April 2024
Apr 09, 2024
Scroll to find out more
Apr 09, 2024
Scroll to find out more
Rolf Habben Jansen, CEO of Hapag Lloyd, anticipates an early peak season, taking into account low stock levels and considering that importers are expected to advance their purchase orders due to extended transit times along the Asia route. Despite this, overall demand remains low.
The continuous rate decline has now halted on the Asia-Europe route. Carriers are attempting to implement General Rate Increases (GRI) for April rates, even as new ship deliveries increase capacity for the month. Carriers have announced more blank sailings to balance demand and supply.
On the Transpacific trade, the market remains dynamic, as rates are gradually decreasing. This has prompted carriers to reinstate services, particularly on the Asia/North America East Coast (NAEC) trade route.
Port congestion is increasing in Asia, primarily due to berthing delays in Ningbo, Shanghai, Singapore, Port Klang, and Busan.
Central China to Europe
North China to Europe
South China to Europe
Central China to USA
North China to USA
South China to USA
Ocean
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 10 – Spain*,
April 23 – Spain*
April 25 – Italy, Portugal
April 27 – Netherlands, Slovenia
May 1 – Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Finland, France, Germany, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Polan, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
May 2 – Romania*, Slovenia, Spain*
May 3 – Bulgaria, Cyprus, Greece, Poland, Romania
May 4 – Austria*, Bulgaria, Cyprus*, Latvia
May 5 – Bulgaria, Cyprus*, Greece, Lithuania, Netherlands*, Romania
*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.
In focus: U.S. election and supply chains As the U.S. presidential election app...
In Focus: Carrier alliance reshuffling in 2025 The upcoming reshuffling of alli...
In Focus: ILA strikes suspended as contract extends until January The averted...