Industry Briefing September 2019

CHINESE GOLDEN WEEK – First week of October 2019

 

In the lead up and directly after the Golden Week public holiday, vessel space is at a premium. During the Golden Week holiday (first week of October) shipping lines “blank” sailings meaning that space is at premium. Please take this into account when ordering from Asia.

 

Drone Attacks on Saudi Oil Fields:

 

Recent drone attacks on Saudi Arabia’s Shaybah Oil Fields by Houthi Rebels have disrupted some of the country’s oil production. As Saudi Arabia is one of the largest oil exporters, it is expected that such attacks will directly impact the oil/fuel prices globally.

 

USA & CANADA – EAST COAST TO AUSTRALIA AND NEW ZEALAND

Effective 15th October 2019 direct shipping lines have announced a general rate increase (GRI) to be applied on all cargo moving from the USA East Coast, Gulf Coast and Canada via US East Coast to Australia & New Zealand of

 

US$200 per 20’ container

US$400 per 40’ and 40’HC container

 

USA WEST COAST TO AUSTRALIA AND NEW ZEALAND

Effective 15th September 2019 direct shipping lines have announced a general rate increase (GRI) to be applied on all cargo moving from the USA West Coast to Australia & New Zealand of

 

US$100 per 20’ container

US$175 per 40’ and 40’HC container

US$4w/m for LCL cargo