Trans Pacific Peak Season Boom
After the early part of this year saw carriers trying to cope with overcapacity on the Trans Pacific trade, recent weeks have seen a complete turnaround as the peak season gets underway.
The trade is now witnessing container spot rates rising as exporters struggle to get bookings on vessels. The Trump led September duty increases are also believed to have contributed to the scramble for space.
We recently announced the reduction in the service offerings and loops offered by a number of carriers, which was a reaction to the previous overcapacity issues. These reduced schedules have moved the carriers into a position of strength as they try to alleviate the losses incurred earlier in the year.
UniOcean Lines are operating numerous vessel loops from Asia, including our Trans Pacific, Northern Europe, Australasia and Inter Asian services.
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