Shipping Market Update: Rising Ocean Freight & Container Shortage for Europe & US
Ocean freight rates to Europe and the United States are on the rise, and container space has become extremely tight, with limited available containers for booking.
Spot rates for both EU and US lanes keep climbing. Carriers are adjusting rates amid peak season demand. Any delay in booking will lead to higher logistics costs for your shipments.
- Severe container & slot shortage
It is now difficult to secure containers and vessel slots. Many sailings are fully booked quickly. Even with confirmed rates, there is no guarantee to get space.
- Rising risk of shipment delays
Port congestion may occur during the peak period. Late booking may result in cargo rollover, missed vessel cut-off times and delayed arrival at destination warehouses.
We advise customers to confirm orders and book shipping space as early as possible. Early arrangement locks in current freight rates and secures container slots, avoiding extra cost and delivery delays.