MARKET UPDATE.

10/10/2017

Our senior management team is currently meeting with the major shipping lines in Southern & Northern Asia to gain a firsthand summary of the market through October to the end of the year & can advise as follows;

 

S.E. Asia

Malaysia & Vietnam is having a significant volume increase with a high demand for space already with carriers being booked through October and into November already.

We are seeing volumes exploding across all major trade lanes.

We are expecting an October 15 GRI is a certainty but the level of which is yet to become clear.

Pre-planning is an absolute MUST at present.

 

China

Very similar to SE Asia.

However the October break has created a bit of a “false sense of demand”

All lines are pushing hard for a Oct 15 GRI but again, we are seeking clarity on the amount.

 

I would like to emphasise the importance of pre-planning at this time. If you have any questions, please feel free to discuss with your assigned Customer Service representative. 

 

Keeping you updated,

BRi Management Team

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