Europe, South East Asia & China FCL Space Issues

Europe, South East Asia & China FCL Space Issues
Please be advised that the Australian import market is currently experiencing severe space shortages on the European, South East Asia and China trade lanes. This is in part due to shipping lines rationalising their fleets due to massive over supply of capacity which they have decreased in the past 12 months. This lowered capacity has resulted in successive Gross Rate Increases (GRI's) as the carriers vessels are now full. Please note that it is expec...

Palletization of LCL & FCL Cargo to Kuwait

Palletization of LCL & FCL Cargo to Kuwait
Kuwait Customs have advised that cargo will need to be palletized for all shipments going to Kuwait and the below will be enforced from the 19th of October:  All shipments of FCL/LCL - IMPORT/EXPORT cargo should be palletized If cargo is found NON palletized upon custom inspection the container/cargo will be stopped by Customs Customs will issue a memo of penalising of KD 80/- to the customer directly The container/cargo will be released only...

China Market Conditions Update

China Market Conditions Update
The major shipping lines have conducted meetings over the past couple of weeks and the below insights have been projected about the market. We have been informed that the A3S Service used by OOCL/COSCO/ANL has current loading performance of over 93% in August. As of 1 September, it has been reported that OOCL rolled approximately 200-300 TEU/WK in past 3 weeks, COSCO rolled approximately 260 TEU/WK and ANL’s space situation is worse than both OOCL and C...