Transport & Logistics mode

Qingdao - Hamburg: Ocean Freight Rates are rather consistent

September 04 2019

Even if the Asia / Europe freight rates are eroding, from a carrier’s perspective, some port pairs like Qingdao / Hamburg are doing well considering the circumstances.

Several elements contribute to this situation:

- The Golden Week, commemorating the founding of the People’s Republic of China in 1949, will take place this year, during the first week of October. Considering the anticipated slowdown of the economy during this period, shippers are protecting themselves against this phenomenon by securing capacities, therefore boosting
demand.

- The big M2 alliance is not the most aggressive on this port pair in terms of transit time, compared to the other 2 alliances (Ocean Alliance and THE Alliance).

- The German Retail sector is doing rather well, and continues to expand towards Eastern Europe.

- It’s a good time to be onboard, right before the additional Very Low Sulfur contract talks re-open.

quingdao-hambourg-freight-rates-en

Historical view on average rates (Port to Port with THC) estimated by Upply over the past 24 months – Last update : Septembre 4th, 2019

Credit: Photo by 
Max Kukurudziak on Unsplash

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Expert in Ocean shipping for 25 years, Jerome puts all his knowledge of the industry to contribution for Upply. Ship captain at heart, he has written the English-French Lexicon of Containerized Shipping (Paris: CELSE, 2001).