Dear Partner and Team,

Good day!
Please let me share the market situation for you.

Market info for Air shipment:

1. The volume of cargo to USA has decreased, and the rates in East China have started to decline.
2. The rate of ET direct flight to SCL has been reduced by about USD 0.3/KGS, and the space is OK.
3. The rate for direct flight from Mexico is currently relatively stable, and there has been a
correction in the rate for transit to USA.
4. The rate from Hong Kong remains unchanged for the time being.
5. This week, the rates in South and East China have basically decreased, with QT rate in Shanghai
dropping by USD 0.7/KGS and AA rate dropping by USD 0.5/KGS.
The freight of CZ and AM has also decreased by 0.4/KGS, and there has been no significant
change in UC freight this week.

Market info for Ocean shipment:

1. Peaking season is coming; carriers pushed GRI from Apr 15th again, and continue from Apr
22th.
2. The space is very tight due to carrier's BCO increased the volume, especially Qingdao / Tianjin /
Ningbo / Shanghai.
3. Some carriers already received full booking until end of April or first week of May, some
containers will be rolling due to vessel overflow, and maybe roll two vessels.
4. Due to Labor Day, carriers will plan to receive enough cargo for May in advance at the end of
month.
5. All carriers not very willing to load the heavy cargo, including Tiles/Glass, due to IMO 2023 new
regulations, so 20'GP rate will not be low.
6. Carriers will have stricter control over the use of NAC, due to the space is tight.
7. Please note that due to ONE/CMA‘s vessel loaded cargo very full, it may encounter delays in
Pusan, the transit time and route changes.
8. The market is slowly warming up, and new containers manufactured during COVID-19 period
are piling up in China, indicating that carriers are optimistic about China's export trend.
9. Our boss Stacey visited CMA, COSCO and ONE Mexico office:
(1) Carriers friends said based on IMO 2023 new regulations all vessels have to reduce speed to
reduce carbon emissions.
(2) For the vessels don't meet the regulations will be stop using, that means carriers net cost will
be higher and T/T will be longer than before.
(3) Carriers will try to keep the O/F net rate above USD2000 for 40DRY in 2023.
The space information from some carriers:
CMA:
Base ports are full booking before ETD April 21; some containers will be rolling due to vessel
overflow, maybe roll two vessels.
Shenzhen: The spaces to WCSA/MX were full booking before ETD April 21.
Shanghai: The spaces to WCSA/MX were full booking before ETD April 21.
Ningbo: The spaces to WCSA/MX were full booking before ETD April 24.
Tianjin: The spaces to WCSA/MX were full booking before ETD April 21.
Qingdao: The spaces to WCSA/MX were full booking before ETD April 24.

ONE:
Some ports are full booking before ETD April 21; some containers will be rolling due to vessel
overflow, maybe roll two vessels.
Shenzhen: We have some booking confirmation to WCSA/MX.
Shanghai: can booking case by case.
Ningbo: can booking case by case.
Tianjin: The spaces to WCSA/MX were full booking before ETD April 21.
Qingdao: The spaces to WCSA/MX were full booking before ETD April 21.

HMM:
NW1- ETD4/16 and NW2-MSC EMMA ETD4/17, already full booking.
Shenzhen: We have some booking confirmation to WCSA/MX.

MSC:
At present the ports lack 20GP empty container, if need to booking 20GP, please arrange in
advance at least 3 weeks.

COSCO:
The space is very tight in April; once the carrier receives enough cargo will reject booking.

The carrier ONE updated the free time at destination as below:

Free days for Dry cargo Till 15th Mar 2023 From 16th Mar 2023
Chile 13 21
Peru 14 21
Mexico 15 21
Colombia 16 20
Ecuador 18 18
Guatemala 12 17
Nicaragua 12 16
Costa Rica 12 16
El Salvador 10 16
Honduras 15 16
Panama 12 12
Holiday notice:
Due to Labor Day, we will be on holiday from April 29 to May 3.

If our customers have new coming shipments, please kindly inform us to reserve space in
advance, thanks.