Customer Advisory: Ocean Freight Capacity & Rate Developments

Dear Valued Customers and Partners,

We would like to provide you with an update on the current logistics situation impacting global supply chains.

The Strait of Hormuz continues to remain closed for container vessel movements due to the ongoing blockade by the related parties. As a result, the market continues to experience significant capacity constraints for cargo moving from Asia.

This has led to a notable increase in both ocean and air freight rates from Pakistan. Current spot market levels for Europe are in the range of USD 4500/40HC, while the US East Coast is seeing spot rates of approximately USD 8500/40HC. Although carriers continue to offer capacity, confirmed equipment and vessel space are generally being made available only at premium market rates. The similar trend continues in inbound shipments into Pakistan as well, primarily from the Far east.

On the air freight side, demand has also increased substantially. Strong meat export volumes, combined with the ongoing mango export season, have resulted in exceptionally high demand for available air cargo capacity. In addition, the continuing disruptions across the Middle East are causing occasional flight delays and cancellations, further impacting transit schedules.

While the supply chain environment remains challenging, please be assured that WWG is working closely with our carrier and airline partners to secure the best possible solutions for our customers. Our teams remain committed to maintaining transparent communication, providing timely updates, and minimizing the impact on your shipments wherever possible.

We sincerely appreciate your continued trust, understanding, and partnership during this period. Should you require any shipment-specific information or assistance, please do not hesitate to reach out to your WWG representative.

Regards,

Owais Zubaidi

Trade Lane Manager

EMEA (Europe, Middle East & Africa)