News / Full ships and threat of rollovers keep ocean rates 'healthy'

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CMA CGM will raise its Asia-North Europe 40ft FAK rate by 18% on 1 January to $2,600, responding to tightening capacity ahead of Chinese New Year holiday.

Indeed, carriers The Loadstar has spoken to this week all report “full ships” in the lead up to the CNY which falls on 25 January.

“Overall it is a very healthy market,” Martin Holst-Mikkelsen, head of ocean at Flexport, told The Loadstar today, “a number of services are reported full through the first and second week ...