It really dropped! East US freight rates fell for the first time in September! South American freight rates have skyrocketed in a week! It's really a problem to stop the flight...

The overall increase in freight rates of global ocean routes continues, and trans-Pacific routes are still the focus of attention. It is worth noting that this is the first drop in freight rates in the Eastern US market in the past month or so.

According to the latest Shanghai Export Container Freight Index (SCFI) released by the Shanghai Shipping Exchange, on September 11, the freight rates (sea freight and ocean freight surcharges) for exports from Shanghai to the basic ports of the West and East US markets were 3,813 US dollars/FEU respectively. , 4534 USD/FEU, up 1.5% and down 0.1% respectively from the previous period.

Shanghai Export Container Freight Index on September 11

Starting from August, the market freight rate of the East US route has risen rapidly:

In early August, the weekly freight rate increased by more than 10%.

By the end of August, the East-US freight rate had exceeded the US$4,000/FEU mark.

On August 28, the freight rate in the US East Coast Basic Port market reached US$4,207/FEU.

Entering September, the freight rate in East America once again climbed to a high of 4,500 USD/FEU. On September 4, the freight rate reached 4,538 USD/FEU, an increase of 7.9% over the previous week. However, on September 11, the freight rate dropped slightly by US$4 to US$4,534/FEU.

Freight rates in the West and the United States have also continued to rise. Since reaching a high of US$3,000/FEU at the end of July, the rate has risen by 20% so far. From 3167 USD/FEU on July 31st, it rose to 3,813 USD/FEU on September 11, which was the highest level in 10 years and was very close to the 4000 USD/FEU mark.

Regardless of the routes to the east or west of the United States, the average loading rate of ships at Shanghai Port remains above 95%, and some flights are fully loaded. According to the current market demand, it can be determined that under the condition of good supply and demand, the market freight rate will continue to hover at a high level.

It is also worth mentioning that the freight rates of South American routes have also shown a trend of skyrocketing. Mainly due to the severe spread of the epidemic in many local countries, it has stimulated the growth of transportation demand for some daily necessities and medical supplies.

The Shanghai Export Container Freight Index (SCFI) shows that the freight rates (sea freight and ocean freight surcharges) for exports from Shanghai to the South American basic port market have been rising for two consecutive months.

In the past month, the freight rate in the South American market has doubled. On August 14, the freight rate was US$1309/TEU, and on September 11, it had reached US$2,901/TEU. It also skyrocketed 30% from the previous week.

Corresponding to the continued increase in freight rates, many liner companies have announced a new round of suspension plans in consideration of the upcoming Chinese "Eleventh" Golden Week holiday and the better benefits brought about by capacity control.

Maersk, Mediterranean Shipping and THE Alliance, including the 2M Alliance, have announced their latest suspension arrangements for October, which has attracted widespread attention from the industry.

Some people believe that the current market demand is rapidly recovering, and liner companies should comply with demand, increase capacity supply, and ensure stable supply and demand, instead of controlling capacity and taking the opportunity to increase freight rates. To this end, relevant departments have also taken action.

On September 11, 14 liner companies operating trans-Pacific routes were invited to participate in a consultation organized by the Ministry of Transport, with the purpose of stabilizing the international container shipping market.

According to the executives of the liner companies attending the meeting, the Ministry of Transport mainly inquired about the liner companies about the suspension arrangement mechanism between July and October, and the current rapid increase in the freight rate of the trans-Pacific route, and improved the freight rate. Recording system, put forward improvement requirements.

Earlier, it was reported that the Water Transport Bureau of the Ministry of Transport issued a letter to six liner companies including COSCO Shipping Lines, Maersk, Mediterranean Shipping, CMA CGM, Hapag-Lloyd, and Evergreen Shipping on assisting in providing international container liner routes. letter.

It is mentioned in the letter that in view of the recent fluctuations in the freight rates of China-US routes, companies are requested to provide relevant information on China-US and China-Europe routes, as well as the analysis of the reasons for the recent price fluctuations of China-US and China-Europe routes and the next work arrangements.

In addition, the US Federal Maritime Commission (FMC) also stated on its official website that it will monitor the ship company’s suspension plan.

The FMC stated that as long as the shipping company does not violate relevant regulations, leading to reduced competition, resulting in an unreasonable reduction in services or an unreasonable increase in transportation costs, adjustments to capacity are allowed. Once there are signs of violation of relevant regulations, FMC will prohibit further actions if necessary.

For this consultation of the Ministry of Transport, some insiders analyzed that this move may prompt liner companies to reduce suspension arrangements and adjust freight rates. However, there are also views that the relationship between supply and demand should be adjusted by the market, and ultimately the market determines the freight rate.

In the coming time, there may continue to be price increases, bursts of space, shortage of boxes, etc.... I would like to remind you: everyone arranges shipments reasonably, informs in advance to arrange bookings, and has an expectation for subsequent phenomena. And preparation. Forwarding well known~

Non-stop flights? Do you want to adjust the price? It is a must-answer question faced by current liner companies, waiting for the answer from the market. What do you think of this?

(The content is compiled from where it was shipped)