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European Market – September 2023

European Market – September 2023


Inland:

We continue to observe small increases in inland transport costs, given the end of government assistance for fuels. Regarding availability, the market remains stable, with a lead time of 15 – 20 days for direct cases with the carrier and 7 days with dedicated service (possibly less).

Maritime DRY:

Freight rates continue to decrease, with Maersk maintaining the lowest rates. The launch of Cosco’s new in-house service (jointly operated with ONE) is scheduled for September, with the first vessel departing from the port of Rotterdam on September 21st. Other carriers have also reduced their rates. We have not encountered equipment shortages.

Maritime Reefer:

Rates have decreased, though not in line with DRY rates. For more efficient negotiations, it is essential to consistently inform the shipper of the volume.

Additional Information:

Anticipated downward trend in freight rates following the launch of Cosco/ONE’s new service in the coming months.

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