Dear friends,

Please find as attachment information about the current shipping market and my personal opinion about the development of the freight rates in the next couple of month.

Unfortunately I do not have a crystall ball…. but I really hope that things are getting better and rates come down to a normal level soon again.

Please also find enclosed, what the Swiss Forwarding Association put together.

Kind regards

FRACHT GROUP

Dominik Keller
Head Global Development
Tel.                  +41 61 287 95 98
Mobile             +41 79 890 95 51
Fax                  +41 61 287 97 50
E-Mail              d.keller@frachtag-bs.ch