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How high can freight rates go? Just now, we have received notification from MSC that they will be increasing pricing ex major Asian ports by USD1000.00 per 20’ / USD2000.00 per 40’. See their notice here;

This is by far the most aggressive pricing increase we have seen in 2020, which has already been an extraordinary year. 

At Transways, we do not see any relief coming in 2020 nor the first part of 2021. Chinese New Year will fall on FRI 12th FEB 2021, it’s only after this, do we think there may be a decrease in demand.

As always, Transways will only be passing on increases should they be applied.

Kind regards,

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