Update on China-Australia FCL Market for the First Half of April 2024

We would like to provide an update on the current shipping market from China to Australia.

In the first half of April, five vessel cancellations are scheduled, resulting in the removal of over 20,000 TEUs from the shipping route. This proactive measure by shipping lines aims to stabilise rates and prevent the rapid decline experienced in March. By reducing capacity, carriers seek to bolster confidence and implement General Rate Increases (GRIs) in the latter half of April.

Here is a breakdown of vessels that will be taken off water:

CARRIERS	SERVICES	VESSEL/VOYAGE	ETD/SHANGHAI	TEUS	STATUS
HMM/EMC/HPL	NEAX(AIX)	NOT ADVISED	03-APR-24	5500TEUS	OMIT
COSCO/OOCL/MSK/ONE/ANL	JKN	NOT ADVISED	06-APR-23	4700TEUS	OMIT
PIL/YML/SNL/TSL	CAT	NOT ADVISED	07-APR-24	5000TEUS	OMIT
COSCO/OOCL/ANL	A3N	NOT ADVISED	15-APR-23	6000TEUS	OMIT

CARRIERS	SERVICES	VESSEL/VOYAGE	ETD/SHANGHAI	TEUS	STATUS
COSCO/OOCL/ANL	A3S	NOT ADVISED	09-APR-24	6000TEUS	OMIT

Expect further updates throughout April as carriers undertake various initiatives to stabilize and normalize rates in the coming months.

If you have any questions or concerns regarding your shipments from China to Australia, please don’t hesitate to reach out to our customer service team for assistance. We will continue to keep you updated on any further developments.