Against a background of extremely weak demand forecasts, ocean carriers are preparing to blank around half their advertised sailings from Asia to North Europe and the US after Chinese New Year on 22 January.
High inventory levels in Europe and the US, coupled with uncertainty surrounding future consumer demand, has seen orders cancelled or postponed, resulting in Chinese factories preparing to shut down well ahead of the CNY holiday.
For example, apparel marker Inditex said in its earnings call this week its inventory levels on 31 October were 27% higher year on year, and 15% higher on 8 December. It would not be drawn on its orderbook for next year.
In its latest North America market update, Maersk said this year “more shippers are opting to wait until the holiday period concludes, as stocks shipped earlier in 2022 are already in position to fulfil demand”.
Meanwhile, after several consecutive weeks of double-digit falls, container spot market indices plateaued this week, suggesting the bottom may have been reached.
For example, on the transpacific, the Asia-US west coast component were all virtually unchanged on the week, with Xeneta’s XSI recording an average rate of $1,496 per 40ft. While, for the east coast, Drewry’s WCI edged down just 1%, to $3,952 per 40ft.
Indeed, joining the port of Los Angeles monthly media briefing this week, ONE CEO Jeremy Nixon said he expected short-term rates would remain flat into 2023, and added: “I think we are effectively on the bottom of those spot market rates.”
But he warned of a “big drop” in exports from Asia after the CNY holiday, and a “very soft” February and March.
“Let’s see whether demand starts to push back up around April/May time,” he said.
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Hi, this side Mary from AMB. Hope you will fine. We provide pick up & delivery services to and from all ports in all over US. We handle all loads like as FTL, OTR, Drayage, and Dray van, Reefer, Hazmat and Ocean also. So If possible is there any load for this week or next week? Then let me know your email id and I send you my company details. I can provide you very best and competitive rates. I give my email mary.jane@amblogistic.us . Please get in touch with us for any such requirements. Thank you so much. Have a nice day.
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Hi, this side Mary from AMB. Hope you will fine. We provide pick up & delivery services to and from all ports in all over US. We handle all loads like as FTL, OTR, Drayage, and Dray van, Reefer, Hazmat and Ocean also. So If possible is there any load for this week or next week? Then let me know your email id and I send you my company details. I can provide you very best and competitive rates. I give my email mary.jane@amblogistic.us . Please get in touch with us for any such requirements. Thank you so much. Have a nice day.
Hi, this side Mary from AMB. Hope you will fine. We provide pick up & delivery services to and from all ports in US. We handle all loads like as FTL, OTR, Drayage, and Dray van, Reefer, Hazmat and Ocean also. So If possible is there any load for this week or next week? Then let me know your email id and I send you my company details. I can provide you very best and competitive rates. I give my email mary.jane@amblogistic.us . Please get in touch with us for any such requirements. Thank you so much. Have a nice day.
These are just a few examples of new requests of clients from across the world. To get more fresh inquiries and\or best quotes click here or push the «request management» button in the left menu.
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Hi, this side Mary from AMB. Hope you will fine. We provide pick up & delivery services to and from all ports in all over US. We handle all loads like as FTL, OTR, Drayage, and Dray van, Reefer, Hazmat and Ocean also. So If possible is there any load for this week or next week? Then let me know your email id and I send you my company details. I can provide you very best and competitive rates. I give my email mary.jane@amblogistic.us . Please get in touch with us for any such requirements. Thank you so much. Have a nice day.
Hi, this side Mary from AMB. Hope you will fine. We provide pick up & delivery services to and from all ports in all over US. We handle all loads like as FTL, OTR, Drayage, and Dray van, Reefer, Hazmat and Ocean also. So If possible is there any load for this week or next week? Then let me know your email id and I send you my company details. I can provide you very best and competitive rates. I give my email mary.jane@amblogistic.us . Please get in touch with us for any such requirements. Thank you so much. Have a nice day.
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Greeting from Omamok Sao shipping company
We're offering.
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(1) Customs clearance at Nigeria ports, Both air and Sea ports.
(2) Clearing and forwading agent.
(3) Shipping Documents Documentation such as form 'm' process, Son Product certificate, Soncap certificate, NAFDAC, import permit process and other FGN Agency for importation.
(4) Shipping Services surpport.
(5) Logistics provider at Lagos ports Nigeria....... You can contact Omamok Sao shipping and logistics company for your Customs clearance and delivery in Nigeria, We control PAAR.
Our mission
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To build a long term relationship with our clients and provide exceptional customer services, by pursuing business through inovative and advance to technology regional expansion in the field of logistics, develop a strong base of key customers and to build a good reputation in the logistics field and also become a global key player in the industry,
Your regards
Prince olusegun A. Olowoyeye.
We're offering......
(1) Customs clearance at Nigeria ports, Both air and Sea ports.
(2) Clearing and forwading agent.
(3) Shipping Documents Documentation such as form 'm' process, Son Product certificate, Soncap certificate, NAFDAC, import permit process and other FGN Agency for importation.
(4) Shipping Services surpport.
(5) Logistics provider at Lagos ports Nigeria....... You can contact Omamok Sao shipping and logistics company for your Customs clearance and delivery in Nigeria, We control PAAR.