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Container freight supply chain players braced for futher price hike - Platts

Logistic News - Published on Wed, 17 Jan 2018

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Platts reported that container supply chain players were braced for another head-haul price hike on January 15 potentially between USD 300-USD 500 for the North Asia to North American and North Continent routes. For most carriers, cargo utilisation and trade demand is strong as Chinese New Year approaches. Any carriers offering below these proposed increases could stall the upward price momentum in the spot and annual contract box prices by a week.

This looks set to occur on the North Asia to West Coast North America route because certain carriers are not as full cargowise as their competitors and may have chosen to extend their validity instead of the previous issued price increase for January 15.

This week most of S&P Global Platts’ routes remained unchanged except North Asia to West Coast North America which dropped USD 50 to USD 1,400/FEU this week.

This could fall further if the lower range of $1,300/FEU becomes representative after the weekend. This has occurred and today?s price is USD 1,300/FEU.

The North Asia to East Coast North America maintained its box rates at USD 2,400/FEU this week and looks set to increase to USD 2,800/FEU on January 15 if the carriers do not shift their pricing position.

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Posted By : Nanda Koijam on Wed, 17 Jan 2018
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