April Rates Fall

April Rates Fall

As previously forecasted, Asia-Europe rates have finally been set for April at a lower amount than March. Historically, April is the beginning of the 'post Chinese New Year' increases but if not now, when will they return upwards? If rates do not increase in May then we could have a continued low average freight rate for 2018.

Rates have reduced by at least $100 per 40ft from April 1st, yet further market fluctuations are already in place from the 8th which is why salesmen are aggressively quoting low NOW to envisage the future drop.

Our rate system has already automated the 8th April reductions accordingly by another $100/40ft more and should the market follow this trend, so will our rates.