Update: APAC Market

October 16, 2020

Trans-Pacific Ocean:

  • Expect most carriers to extend their September rates until the end of October
  • Based on carrier feedback, capacity will remain tight as demand continues to increase – this is especially true for Gulf and East coast services
  • Equipment imbalances are creating issues in India and South East Asia
  • This week South China & Hong Kong saw a disruption due to the recent typhoon
  • As a result, Yantian container terminal halted empty container pick up, which is expected to cause delays in sailing for the upcoming weeks
  • Port congestion on the West Coast, including Canada, has resulted in schedule delays throughout the TransPac
  • Demand for fast boat service is still extremely high, which has kept pricing on these services at an all time high
  • We recommend booking at least 2-3 weeks in advance

Trans-Pacific Airfreight:

  • Airfreight rates have increased due to the post-holiday rush
  • Capacity issues and rate increases are expected to continue due to new product releases from large companies like Apple, Sony, and HP
  • There is a similar trend in Southeast Asia with electronics and PPE
  • Due to the decrease in international travel, US based airlines will continue limited services to and from Asia

Have a question about how this may affect your supply chain? Reach out to our knowledgeable teams across the country.

APAC Holidays

  • Thailand: Public Holiday on October 23
  • Hong Kong: Public Holiday on October 26
  • Malaysia: Public Holiday on October 29
  • Japan: Public Holiday on November 3
  • Singapore and Malaysia: Public Holiday on November 14
  • Japan: Public Holiday on November 23

Project Cargo

Not everything fits in a container or in a cargo hold. For those over-sized, overweight, or unusually shaped pieces, Masterpiece is a one-stop solutions provider with over 30 years of experience. Contact our team with inquiries to receive a custom proposal for your project.

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