THE SHORT DISTANCE LANES ARE LACK OF SPACE, RATES ARE IN CHAOS

1. All the carriers are overbooked on the voyages before Spring Festival on Japan Lane. The O/F rates increased a lot.
2. All the voyages before the end of Feb from Dalian to Inchon are overbooked now.
3. Southeast Asia lane is facing space problem before the Spring Festival.
4. BAF and CAF will be reduced from Feb. On Europe lane, BAF will be USD461/TEU, CAF will be 14.8%. On Mediterranean lane, BAF will be USD456/TEU, CAF will be 14.8%.
5. The market rates for Middle and South America, Mediterranean and Africa are in chaos at present.