Asia Availability Severely Impacted For May And Beyond
The level of space and equipment available, for ocean freight from Asia in May, is already desperately low and is expected to continue that way through June.
Accordingly, rates are rising sharply once more and could exceed previously high levels during this upcoming period.
The incorrect positioning of vessels and equipment, caused by the blockage in the Suez Canal, is starting to take its toll and has added to already challenging market conditions. Until schedules can be realigned, hopefully during the course of the next few weeks, availability of space that pairs with the necessary container equipment is expected to be near to zero for much of Asia.
Currently, what availability there is has become a complex process that sometimes involves extra origin trucking to move equipment and align it with the port that has space. When we are able to source availability, confirmation of booking and acceptance of rates needs to be instantaneous or the opportunity passes.
For that reason, we encourage customers to work with us to set price tolerance levels, as these opportunities often arise outside of UK business hours.
The disruption to global supply chains is immense and we appreciate the impact this has had, and is having, on your business. Atlantic Pacifics’ UK, Ireland and Asia regional teams will continue to work around the clock to mitigate the issues to the best of our ability.
If you require any further information, or would like to talk to us about the tolerance levels we refer to above, then please do not hesitate to contact a member of our team.
