Roy's Forecast

18-Nov-2010 Well, I hate to say it, but this is one accurate marsupial oracle. Roy has proven himself right on the money predicting spot prices for seafreight ex China to most of the world would be better in the medium term than contract rates. Currently FCL rates southbound are remaining soft with General Rate Increases (GRI) being fought over long and hard and Peak Season Surcharges (PSS) a rarity or very low.
And as one would expect, Asian air cargo exports have hit new highs and increased rates and delays are confirming space issues.
US air exports are experiencing lengthy delays to Australia and we expect this to continue into mid January although Bluefreight is pleased to report that we have found a way around this and have had little delays for our clients.
And due to the Aussie dollar reaching parity with the USD, export container rates are the cheapest they have been in years – call for some keen rates.
And now with further Euro economy fears, watch the shares tumble, gold skyrockets, and the Aussie dollar go up and down like a Bride’s nightie. And more uncertainty to come.......

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