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Date: 25th February 2026

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New Zealand

AIR

IMPORT

  • Major terminals (Air New Zealand, Swissport, Menzies) are operating normally nationwide.

EXPORT

  • Major terminals (Air New Zealand, Swissport, Menzies) are operating normally nationwide.

LANDSIDE & CUSTOMS

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Australia

LANDSIDE & CUSTOMS

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Asia

AIR

IMPORT

  • China and wider Asia are now returning to normal operations following Chinese New Year, with a surge of backlogged cargo entering the market.
  • Capacity is tightening slightly across SYD, MEL, and BNE as airlines manage the post-holiday volume spike.
  • Rates are trending upward short-term due to increased demand and catch-up shipments, for Australia.
  • Warehouse congestion and trucking delays in South China are impacting early recovery shipments.
  • Normal service levels for Australian imports are expected to stabilise over the next 1–2 weeks.
  • Rates remain volatile on key trade lanes to New Zealand as strong demand and limited uplift availability put pressure on spot pricing

EXPORT

  • Capacity is tightening slightly as airlines prioritise high-yield inbound (Asia – AU) cargo post-CNY.
  • Rates showing slight upward pressure on key lanes from Australia into China and North Asia.
  • Early bookings strongly recommended, particularly for dense or oversized shipments from Australia.
  • Consols moving as booked with capacity available on most carriers. However, we expect some constraints to China once it starts trading fully.

OCEAN

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Trans-Tasman

AIR

IMPORT

  • Major terminals (Qantas Freight, Dnata, Swissport, Menzies) are operating normally.
  • Some short-term pressure expected as post-CNY volumes flow through, though no major backlog currently reported.
  • Rates remain steady with no indication of rises thus far in 2026.
  • Fed-Ex are back to full flights and working well from Melbourne.

EXPORT

  • Export terminals across Australia are operating normally.
  • No significant delays reported, though forward bookings are increasing in line with post-CNY demand.

OCEAN

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Europe

AIR

IMPORT

  • Capacity remains steady, though still tight on preferred direct services into Australia.
  • Rates remain stable overall, with spot pricing for urgent or oversized freight.
  • Ongoing winter weather disruptions continue to cause minor delays across parts of Europe.
  • Backhaul demand into Australia remains consistent.
  • Capacity remains generally stable across Europe to New Zealand, with most airlines maintaining consistent schedules despite delays due to weather in certain countries.

EXPORT

  • Services remain reliable with consistent uplift availability for both Australia and New Zealand.
  • Rates remain stable for Australia exports, with spot pricing applied selectively for urgent freight.

OCEAN

IMPORT

  • BMSB season has started again on September 1st 2025 and will run to April 30th 2026. Procedures are mostly thesame as last season.
  • MSC will start offering southbound connections from UK, Belgium, Netherlands and Germany via Panama in March. These transit times are 3 weeks faster than vessels via Asia. This is a very welcome addition to the market.
  • CMA CGM and Maersk have had to revert to sailing via Cape of Good Hope with connections in Asia due to political instability and new threats from Houthi Rebels in Yemen.
  • We have seen increased customs inspections from European ports particularly on cargo with any military connection.

EXPORT

  • Due to increased imports from China to the Middle East many carriers are experiencing heavy demand and space has tightened. ONE has withdrawn their service to the Middle East.
  • Due to winter storms terminals in Hamburg, the North of France, UK, Rotterdam, and Antwerp are congested. While the direct weather impacts have improved significantly, terminals continue to experience the after-effects of previous disruptions, including short-term temporary stoppages due to strong winds. As a result, operational challenges remain in the form of high yard utilization, adjusted line-ups, and schedule deviations as the network gradually stabilizes.
  • The Suez Canal attacks continue to cause container lines to avoid the route. Services continue to sail around the Cape of Good Hope.
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North America

AIR

IMPORT

  • Market conditions remain stable overall.
  • LAX congestion persists, with transit delays of approximately 1–3 days on consolidations.
  • Capacity remains sufficient across most Australian gateways.
  • Rates holding steady in line with early-2026 levels for both Australia and New Zealand.
  • Due to the severe weather on the East Coast, main airports in the region and surrounding areas are experiencing major delays due to airline closures, carrier stoppages and some businesses closing doors periodically.
  • Consols remain stable from the Midwest and West Coast.

EXPORT

  • Uplift availability remains good across most carriers.
  • Rates remain stable overall.
  • Consols moving as booked from New Zealand and Australia to the West Coast. However, booking delays of up to 48 hours for the East Coast due to the weather.

OCEAN

  • Vancouver – Current terminal utilization 104%, with delays of 72 hours reported at the berth. The average import rail dwell time has increased to 5.0 days at the terminal. Further delays could be expected as the terminal struggles with high utilization, which limits overall fluidity.
  • Panama Canal services for ANP/OC1 service – Space is readily accessible, we do encourage that bookings are placed in 2+ weeks in advance of departure.
  • US Terminal Operations:
New York – berthing delays of 3.5 days. Import rail dwell time has reduced to 1.9 days. Residual impact of snow clearing / terminal closures have negatively impacting truck / gate turn times.
Norfolk – no berthing delays, import dwell time has reduced to 2.6 days.
Charleston – no berthing delays, import dwell has reduced to 5.6 days.
Savannah – average wait time for a berth has increased to 2 days, Import dwell time has decreased to 4.5 days, rail dwell time has increased to 1.5 days.
Houston – no waiting time for a berth. Import dwell time has increased to 5.8 days.
Oakland – no berthing delays. Average import delivery timeframe increased slightly to 4.6 days. One crane is out of service.
Seattle – no berthing delays. Rail import dwell time remains at 3 days.
Long Beach – congestion on port has not improved with delays of 4-8 days.

 

IMPORT

  • The structured blank sailing on the USA/Canada West Coast service has been completed, with the next vessel performing calls on the Californian coast over the coming days. As a result of the two-week gap between sailings we are seeing increased demand for space on upcoming vessels, please be sure to provide your forecasts and requests as early as possible in order to secure bookings.
  • We are also accepting bookings on the new MSC Eagle service, scheduled to depart the USA East Coast weekly from the 15th of March, with an impressive 30-day transit time from Philadelphia to Auckland. Get in quick to secure your space on the inaugural sailing of this brand new service!

EXPORT

  • US Tariffs – The US Supreme Court ruled on Friday (Feb 20) that Donald Trump exceeded his authority when imposing sweeping tariffs using a law reserved for a national emergency. The justices, divided 6-3, held that Trump’s aggressive approach to tariffs on products entering the United States from across the world was not permitted under a 1977 law called the International Emergency Economic Powers Act (IEEPA).
The decision does not affect all of Trump’s tariffs, leaving in place ones he imposed on steel and aluminium using different laws, for example. But it upends tariffs in two categories. One is country-by-country or “reciprocal” tariffs, which range from 34% for China to a 10% baseline for the rest of the world. The other is a 25% tariff Trump imposed on some goods from Canada, China and Mexico for what the administration said was their failure to curb the flow of fentanyl.
US President Donald Trump subsequently said he will impose global tariffs of 15%, The President said on Friday that he would replace the tariffs scrapped by the court with a 10% levy on all goods coming into the US. But on Saturday, he announced on Truth Social that this would be increased to the maximum allowed under a never-used trade law. That law allows these new tariffs to stay in place for around five months before the administration must seek congressional approval. The 10% tariffs were set to come into force on Tuesday, 24 February. It’s unclear if the increased 15% would also be imposed starting then.
While the Supreme Court’s ruling determined that Trump’s IEEPA tariffs were not legal, it did not offer guidance on returning the money to those who had paid the taxes. After the decision was released, US Treasury Secretary Bessent said the issue of refunds could drag on for years.
Speaking at an event in Dallas, Bessent said revenues already brought in through the IEEPA tariffs were “in dispute” since the Supreme Court did not provide any instructions on refunds.
  • West Coast North America – the direct service to West Coast of the US & Canadian is seeing a drop off in demand, the Vancouver calling vessels remain at capacity. There is a blank sailing in week 10 after the departure of the Seaspan Hamburg 607N (Feb 27th) the next departure for Seattle is not until March 19th. The Maersk Mammoth ETD March 12 is close to fully booked.
  • Winter storm Hernando has hit the Northeast US, prompting blizzard warnings, non-essential travel bans in New Jersey and New York City, and states of emergency in eight states. Ports in the region are closed and rail services suspended, please expect delays.
  • US Customs holds/inspections – Containers selected by US Customs for examination are taking 1-3 weeks to be inspected; Long Beach is the most impacted port with delays.

Thank you for choosing Oceanbridge Shipping

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