PFY exports are still likely to reduce in Apr

Actually, many export orders were place in Apr. Many orders were from Indian and Pakistan buyers recently according to the survey made by CCFGroup, with relatively lower price, which indicated that export enjoys potential. However, only some orders will be delivered before May and most will be delayed into May. PFY exports are still likely to reduce in Apr.

In terms of container marine field, many shipping companies including COSCO, ONE, Evergreen, Yangming and HMM have recently announced that they will increase the GRI for trans-Pacific routes from Asia to the United States. The price adjustment will be based on a surcharge of US$1000-2000 per FEU (40-foot standard cabinet), which is estimated to be equivalent to 10-20% of the freight increase