DHL maintains strategy in face of tighter supply chains
As a result of the coronavirus backdrop, the product lifecycle has shortened and shipment bookings are being place at much shorter notice. Carriers are also reacting much more quickly in terms of slot supply, said Asia Pacific head of Ocean Freight Karsten Michaelis. Carriers have been more willing to blank sailings and have also been better in co-ordinating withdrawal of capacity, leading to a capacity crunch and a rise in rates
Lower volumes in eastbound transpacific and Asia-Europe trades confirmed. Elsewhere, strong demand is being seen in intra-Asia and Asia-Oceania