Dear Clients, It seems market conditions are not as hectic as they have been and in our view, calmed a little. MSC is back with their new services. Several carriers (YML / TSL / PIL) have put on spot ships for 1 or 2 sailings to clear the back log. This seems to have taken the heat out of the market a little. Not to mention the slowing economy. In saying this, carriers have once again announced another round of increases for the 2nd half of SEPT in the lead up to the national weeklong holiday (golden Week) in CHINA at the start of OCT. The amount is lower than the start of SEPT increase, which to us indicates the cooling market. Global freight index is cooling and the index has shown three weeks of approx 4-5% decrease. This is a good guide to what may happen down the track on AU trade. We are just 3-6 months behind on the peak, like most trends! Amounts listed are in USD Amounts listed are the advertised increases and not final increases, which may vary. As always, Transways will only be adjusting your pricing should the carriers apply the increases. If you would like to discuss the current market conditions further, please reach out to your Transways Key contact.

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