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Dear Clients, 2026 Lunar New Year Lunar New Year celebrations start on 17th Feb, a little under 1 week away however a large number of factories have already started to close for the holiday period. We once again urge you to ensure that ALL your shipping and customs documents are in order for cargo that is due to arrive during the holiday period, otherwise costly additional expenses could be incurred. North Asia - AU market overview In somewhat of a surprise to market and against traditional market trends, North Asia to AU rates have continued to fall in the lead up to the CNY Holiday. Traditionally this peri-od would see price increases or stability, but this year that has not been the case. It cer-tainly has been more noticeable on pricing to the East Coast of Australia. With Freman-tle and Adelaide pricing not falling as much as the East Coast, but nor has it risen (which is good news). General Rate Increases - 1st March 2026 With the slide in rates in the lead up to the Chinese New Year, carriers have already gone to the market with proposed GRI's effective 1st March. This is no surprise as the long-term stability of the market is not sustainable at the current pricing. Amounts vary across carriers however they are ranging from USD300 - USD500 per 20' and USD500 - USD1000 per 40'. Market bookings will be the determining factor on whether the GRI holds, but we do expect a reduction in capacity (space) and therefore pricing to head north before too long. We just need to wait and see if that is from 1st MARCH or later. Fremantle Traffic Bridge - Update After significant noise about the likelihood of long delays, guess what... Good news, with little to no impact felt. It's caught many locals and industry personal off guard by the fact that traffic congestion has not eventuated as forecast. This does not mean it won't over time, especially later in the year as container volumes increase and winter weather sets in. But for now, the impact has been minimal. Top 10 Global Carriers MSC has opened a considerable gap over rivals Maersk & CMA-CGM reinforcing their position as a clear leader on TEU capacity. Further, MSC's orderbook (for new vessel's) is considerably larger than its nearest rivals meaning that its positioned to remain ahead of the pack for some time it seems.
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