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.
