We hope this message finds you well. We’re reaching out to provide you with an important update regarding the CN-NZ trade lane, which has seen significant activity lately.
Due to five vessel cancellations in the Australia trade lane, including a major one connecting CN to NZ in the first half of April, the freight market on the CN-NZ route has become much busier. In response, shipping lines are keen to capitalize on this increased demand.
Here are some key points to note:
- Increased Activity: With vessel cancellations impacting the CN-AU trade lane, there’s been a noticeable effect on the CN-NZ route as well. Shipping lines are adjusting their space allocations to maximize profits, leading to heightened activity in the CN-NZ trade lane.
- Rate Adjustments: As a result of these changes, we’ve seen slight rate increases on shipments from China to New Zealand.
- Market Conditions: Typically, April sees sliding rates; however, due to vessel cancellations, rates are trending upwards instead. This trend is also influenced by the better freight market in April compared to the quiet period experienced in March.
- Upcoming Challenges: With China’s Golden Labour holidays approaching in the first week of May and ongoing space allocation shortages in late April, we anticipate a hectic freight market in the coming weeks. There’s a possibility of another General Rate Increase (GRI) notice, with rates potentially increasing in May.
- Long-term Outlook: While the current market dynamics may seem challenging, it’s important to note that shipping lines are focused on recovering from previous setbacks and restoring a healthy freight market. Our mission remains unchanged: to provide you with the most competitive freight rates and highest level of service.
As always, we’re committed to supporting you through these changes and ensuring smooth sailing for your shipments. For updated rates and further information, please refer to the attached documents.
Thank you for your continued trust and partnership. Should you have any questions or concerns, please don’t hesitate to reach out to us.