Asian Ocean Rates Set For August Rise

July 26, 2023
Indications point towards a General Rate Increase (GRI) being successfully introduced on the Asian market at the end of this month.

While demand continues to be low and no peak season period has materialised, carriers have blanked out numerous sailings at the end of July and beginning of August to create an artificial market position and to ensure rates can be increased.

Therefore, we currently understand that the ocean rates from Asia to the UK, Europe and North America are likely to rise significantly from August 1st

Steamship lines have seen numerous attempts to uplift rates fail this year, but current spot rates are indicating that prices will rise.

brought to you by the dangerous goods people

Evolution Forwarding offer a range of dangerous goods and logistics services including packing, classification, training, DGSA services, air freight, ocean freight and road freight.

Follow us on social media

Bridge Collapse : Dangerous Goods Containers Breached

Bridge Collapse : Dangerous Goods Containers Breached

Bridge Collapse : Dangerous Goods Containers Breached   Following the tragic collapse of the Francis Scott Key bridge in Baltimore recently, it has been widely reported that hazardous materials have been leaking into Baltimore harbor from containers that were...

read more
Bridge Collapses After Containership Collision

Bridge Collapses After Containership Collision

Bridge Collapses After Containership Collision A multi-agency rescue operation is currently underway in Baltimore after a containership crashed into a bridge overnight, collapsing it into the Patapsco River along with several vehicles. The container vessel ‘Dali’...

read more
Ship Crashes Into Dock Destroying Cranes

Ship Crashes Into Dock Destroying Cranes

Ship Crashes Into Dock - Destroys Cranes Steering large container ships is not an easy task, as we saw when the Suez Canal was blocked for a month not too long ago, but this past week saw the master of a Yang Ming chartered vessel make a real hash of it in a Turkish...

read more
Zombie Lithium Batteries – An Ongoing Explosive Problem

Zombie Lithium Batteries – An Ongoing Explosive Problem

Zombie Lithium Batteries - An Ongoing Explosive Problem Zombie lithium batteries continue to be the main causing of fires at waste and recycling parts, with the issue leading to hundreds of fires each year. A zombie battery of any kind is effectively a battery that is...

read more