GEODIS Charters Tonnage to Alleviate Container Capacity Shortage on Asia-Europe Trade

GEODIS provides its customers with guaranteed space in an ultra-tight sea freight market from China to Europe

The first 1,000TEU^[1] capacity vessel, operated
exclusively by GEODIS, is scheduled to arrive in Hamburg on 28 February. This ship
is carrying a total of 435 forty-foot containers for customers who have found
it increasingly difficult to secure space with regular carriers at a viable rate.
The next vessel sailing is scheduled to leave Shanghai around 10 February.
Depending on demand, GEODIS will plan additional sailings over the coming
weeks.

Mathias
Hansen is Senior Vice President Global Ocean Freight for GEODIS, “We understand the current market
challenges resulting from unprecedented customer demand and the limitations of
ocean carrier capacity and sailings from China and other parts of Asia,” he
observed.  “We are working hard to find
solutions for our customers. Hence, this
exclusive vessel charter to supplement fixed long-term agreements we have with
core carriers.  We strive to deliver
certainty to our customers amid the unstable market.”

“These market forces have created variable
and unforeseen spikes in demand for Asian goods,” comments Onno Boots, GEODIS’ Regional President and
CEO for Asia Pacific. “Our primary aim is to offer multi-modal
solutions to our existing customers to enable them to ship on time and in a
reasonably economic manner. As an adaptable and innovative service provider,
GEODIS is permanently looking for alternatives including rail, ocean and air
products that fulfil this aim for shippers on the increasingly volatile Far
East West Bound (FEWB) trade lane.”

Ivan Siew, Managing Director, China, adds, “Ocean freight services out
of China have been in high demand, in the ride up to Chinese New Year and
beyond. We are focused on ensuring that our customers continue to depend on
GEODIS to deliver innovative solutions in accordance with evolving market
demands. As the biggest supplier of goods to the world, using all freight
modes, China is particularly affected by the changes in availability of
capacity and shipping containers. These ocean charters provide much relief to
the companies we serve and we are proud to be stepping up our response as the
situation changes.”