Sea freight Red Sea update

Rates have dropped in March. Shipping lines have adjusted schedules and moved additional vessels into place, which has eased equipment shortages, so we are seeing signs of operational improvement. Despite the challenges of the Red Sea shipping diversions and the annual disruption caused by the Chinese New Year shut down.

Our teams have been drawing on their industry experience as well as contacts, and relationships with shipping partners and agencies, to ensure our clients goods keep moving during these challenging times.

Looking ahead to Q2 and Q3 we are recommending that companies start planning in the next couple of months for peak season (which is normally July-October each year) as we are anticipating a shortage of container availability which will lead to a rate increase. This is due to the longer transit times adding delays in boxes being returned to manufacturers for US imports.

There are no signs of the Houthis attacks slowing, or immediate changes in the geopolitical climate, so the longer transit times could last through Q2 and possibly Q3. Therefore planning is critical, speak to one of our team today about routes and rates. At TPS Global Logistics we offer sea, air and road freight forwarding, storage and distribution as well as ecommerce and fulfilment in affordable packages.

Call us on 01622 237979 or email sales@tps-global.com