The shipping industry is like a roller coaster. We saw times where rates were low, carriers went bankrupt. Hanjin disappeared and capacities were cut, the new alliances are formed and now….

….. space situation on certain trades is desperate.

That leads to spectacular and “unlawful” actions of the carriers, cancelling all rates, quotes and contracts, no matter what. Cargo accepted under certain conditions waiting on the pier for loading will not be moved as foreseen.

Several lines follow the same actions, Evergreen, Maersk, Cosco etc.

Forwarders may lose long standing customers as they cannot maintain rate levels by far and even at higher rates the cargo gets shut out.


Terms and conditions are imposed as per this circular:





Dear Customer,


Due to the current market circumstances, causing enormous space issues on our Far East trade lane vessels, COSCO SHIPPING is no longer able to deliver the service she stands for.


Due to the tremendous volumes, we suffer an enormous overbook situation which is leading to many roll-overs and as this is not in favor of you as customer as well for COSCO SHIPPING Lines,

our principal has decided to implement an emergency solution.


This solution means:

All current freight quotations/agreements, applicable for all commodities and/or “named accounts” will be suspended until further notice and no equipment will be released against these freight quotations/agreements.


COSCO SHIPPING trust that with this drastic decision it will help us to solve the current situation in all ports of Europe and that we are able to offer the service you are used to as soon as possible.


However, in order to serve and help you as customer, we can offer the freights as mentioned in the attachment in case of some urgent shipments.


For shipments which have been confirmed by COSCO SHIPPING and with a departure before the 13th of March we will respect the current freight levels.

For all shipments, also those which has already been confirmed, with a departure on the 13th of March onwards, the freight levels mentioned in the attachment will be applicable.

For good order, this will be applicable for all commodities and/or “named accounts”.


Following exceptions are applicable on the above:

And for shipments to the:

  1. Middle East
  2. West Africa
  3. South America
  4. North America
  5. Intra Europe
  6. Australia
  7. New Zealand




Kindly ask you to distribute the below listed freights and information amongst your staff.