Please review below and discuss as necessary.
Europe 'Europe s economy continues to remain stagnant and we are currently. Increasing prices to control our stock in that region. Of course we are, still getting inquiries to Europe especially so,, For chemicals not, obtainable domestically or whose prices are better in Asia. Even though spot seafreight rates Asia-Europe. However continue, to dropWe feel we have little option but to maintain / increase our rate due to the export market ex Europe continues showing. Signs of a recession. We are seeing signs of rapidly increasing equipment volumes in Europe across the board. Depots are. Already at high stock levels and we are positioning ourselves to avoid such a situation.
Please continue to send over. Inquiries to Main Ports, North EuropeAnd we will consider based on volume and value. Having said that outports are, where the values, are higher thus we can. Aim for those areas and MTY repo out if no reloads.
Seafreight is, rapidly dropping each carrier under-cutting the other.? Although they tried carriers are, still unable to cut back on capacity Asia-Europe in comparison to, the demandAnd so over-capacity is a plus point for shippers going to Europe. We should try negotiating for deep sea seafreights. On a contract basis for a one year period if possible (but typically negotiated in the May period).
Inter Asia We are. Showing in many ports, significant shortages which is a headache we are enjoying. If we have achieved all we can on Europe. And regular Inter, Asia volumesThen we can trade on 'additional' Inter Asia volumes at, reduced rates however it is, up to everyone to be proactive and. Find the additional lanes. We are seeing renewed shipment volumes in the Gulf region thus we, too can consider to trade. Into Gulf region at reduced rates.
We have been getting information of huge volumes going to North Asia in preparation. For the, winter seasonThus please do not trade low into these areas.
I.E. Shanghai ex Belawan forecasted to, be around 300 tanks from, Sep-Dec.
I.E. Zhangjiagang, ex Belawan forecasted to be around 400 tanks from Sep-Dec.
We have received requests for guaranteed. Space and equipment to these areas and this is the best time to increase our rates Depending, on customers.Looking at a USD 100 - 300 increase in value minimum.
Areas of Shortages (Target Shipments to These Areas)
Korea (All. Ports)
Malaysia (All ports)
Saudi Arabia (Dammam)
Vietnam (All ports)
Indonesia (All ports)
Australia (Melbourne)
South. Africa (Durban)
Areas of Surplus (Control Shipments to These Areas)
India (Nhava Sheva)
Thailand (Bangkok)
Philippines. (All ports)
Taiwan (All ports)
.Congestion
We 're seeing congestions at many major, ports worldwide in one aspect due to the mega-vessels already plying. Around. Singapore Pasir Gudang,,, Manila Rotterdam and Antwerp are some ports seeing significant congestions and thus we. Have to plan well and inform our customers of possible delays to / ex these areas.
Do note due to year end, and seasonCertain areas might have a dip in exports and demand. I.E. Korea where historically in December they will have a drop. In orders. We will need to control our imports into Korea during the mid-Nov / early-Dec onwards.
, In China due to the. Huge projected volumes in we have, to control our imports and take only good valued ones. With good planning, and practicalityWe can control our stock, into China going into the new year to achieve a balanced figure.
Achieving all of the above. Is difficult task, I appreciate however I think, if we manage and apply the necessary resource internally and, via agents. We should be able to come to something approaching what we need.
, Any questions please feel free to contact me 24 / 7.
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