Henning Harders February Newsletter
Henning Harders
We provide reliable logistics & supply chain solutions to keep businesses moving forward.
Sea Freight Market Update
The commencement of the off-peak season, often referred to as the “slack season,” has adversely
affected trade this month, leading to weaker than anticipated booking forecasts.
Due to the earlier-than-usual Chinese New Year holiday, factories have only recently returned to full
operational capacity. Consequently, demand has taken a notable downturn, leading to a widespread
feeling of uncertainty and low confidence within the Northeast Asia to Australia trade.
Plans to increase freight rates, which were initially scheduled to take effect on March 1st, are now deemed
less likely to succeed, especially considering emerging news regarding enhanced vessel capacity.
In response to these market conditions, shipping lines have instead reduced freight rates to mid three-digit
figures after a prolonged period of maintaining four-digit rates.
It is important to recognize that the market dynamics are heavily influenced by imbalances between
supply and demand.
Shipping lines have demonstrated...
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