As we head into the import peak season the shipping lines are continuing to control space to increase rates. The August 1st GRI’s have partially held and the shipping lines have issued notices advising of a USD 300/20′ and USD 600/40′ increase from Asia from sailings after September 1st.
There is still some space with some shipping lines, but to obtain the preferential rates it is best to book 2 – 3 weeks in advance.

Air freight rates have stabilised as the air lines have transitioned to a new model of cargo only flights, though the most important airline for us (Singapore Airline / SQ) is full and experiencing delays hubbing freight in Singapore.

Again the key is to get requests and orders in as early as possible as this gives the most options for your shipments.