WEEKLY FREIGHT MARKET UPDATE
In this week’s comprehensive freight market update, several global factors are shaping the logistics landscape. Carriers are strategically adjusting their operations in February, incorporating blank sailings to flexibly address capacity needs, with emphasis on USWC or USEC. Notably, the extended Cape of Good Hope transit is diminishing capacity to USEC, prompting carriers to introduce surcharges and delaying the prompt return of empty containers to China and Asia. In contrast, Panama Canal draft restrictions are exerting relatively lesser impact. As the Lunar New Year approaches, manufacturers in China and Southeast Asia are preparing for a holiday closure, emphasizing the need for early order placements before January 29.
Green Worldwide Shipping’s Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more. For continuous updates, make sure to check out our website at greenworldwide.com.
As Green continues to monitor international shipping news, stay up-to-date on supply chain disruptions by following us on Facebook, Instagram, and LinkedIn.
