Export rates soared.

Export rates soared. This is due to a significant reduction in imports and the cancellation of part of calls by linear operators. The consequences of the coronovirus entail both a shortage of container equipment and an imbalance of seats on ships, which in turn leads to a significant increase in freight rates.

In March, the line raised rates for shipments from Ukraine to the ports of the Middle and Far East.

* CMA – usd 200 ‘/ 20’ and usd 400/40 ‘;
* COSCO – usd 100-200 / 20 ‘and usd 250/40’;
* MSC – usd 250/20 ‘and usd 350/40’;
* MSK – the increase is small, but the freight rates on Far East and without an increase were higher than the market, and for Middle East it is possible to settle in March only by spot, which is much higher than the market.
* HPL – usd 350/20 ‘and usd 350/40’; Line rebuilt for March
* ZIM – usd 50-1000 / 20 ‘and 40’; Line rebuilt for March

SMA – additionally increase rates +200/400 from 15-17.03 depending on the direction.

In April, one should expect further growth in freight rates and difficulties with places / empty equipment.
Unfortunately, at the moment the lines still do not bet on April, in spite of this, you must try
plan shipments in advance, taking into account the identified risks, laying the margin for a further increase in rates.