We foresee that the global shipping industry will continue to be heavily influenced by a series of
extraordinary factors that are adversely impacting cost structures and which are projected to remain
with us for a prolonged period.
A surge in global demand as the world slowly returns to normal after a period of uncertainty related
to the presence of Covid-19 has intensified pressure on vessel space and costs to access these
services. Compounding this has been a steady upward trend in fuel costs, and furthermore,
widespread port congestion is eroding network capacity.
These factors are impacting our ability to sustainably serve the markets in which we operate without
negatively impacting our offer both in terms of market coverage and service frequency.
Swire Shipping is committed to maintaining the highest level of service in our core trading regions
and therefore will be introducing a General Rate Increase to ensure we can continue to provide the
greatest reliability and long-term sustainability of these services.