As we enter the 3Quarter of 2011 the shipping line industry is facing doom and gloom with rising fuel costs and over capacity on most trade lanes leaves the shipping lines with a problem, however things should start to improve during the last quarter, with Christmas peak season kicking in and leading to a possible increase in ocean freight rates.
It is more than likely that capacity will outstrip demand for the next two to three years, leading to speculation that freight rates will remain at a historically low level for next six months to one year, however the industry will try to push a series of GRI (General Rate Increase) to cover rising costs, probably using “back door” methods such as increases to CAF, BAF and other surcharges.
For more information on Freight Forwarding, Ocean Freight Rates or other Import and Export requirements please call our dedicated team of professional freight forwarders on 02392 75 65 75
