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Shipping Logistics | International Logistics | International Freight Forwarders | Guangzhou Freight Forwarders | Panyu Freight Forwarders | Hongde International "Freight Rising on Most Routes, US-West Rising 12.54 per Week!"
Apr 12,2023
Recently, Maersk, Dafei, MSC, Haproth and other shipping companies, including Yangming and Evergreen, have all notified that GRI will be raised from mid-April to early May,Among them, the zui of the East Asia-West US route can double. However, the industry estimates that the actual increase can be about US $300, and said that the weekly cargo volume has increased slightly in the near future, coupled with the reduction of shipping companies, the freight rate in the container market has stabilized and rebounded.
Hongde Xiaobian learned that the new zui World Container Freight Index (WCI) released by Deluli last Thursday was basically the same as the previous period. a slight decrease of 0.4 percent,Deluri expects freight rates on major east-west trade routes to level off in the coming weeks.
Global breath-holding to wait for freight rates to rebound, zui new SCFI index shows that the four major routes freight rates are up, the rebound of each route increased:
North American routes:After successive adjustments, the level of freight rates has fallen to a low level. This week, transport demand was generally stable, with some carriers taking measures to control the scale of capacity to push up freight rates and a rebound in spot market freight rates.
Shanghai to West America
Freight rate of US $1292/FEU, up US $144 on the week,12.54 percent increase(The industry believes that the decline in freight rates has come to an end).
Shanghai to Meidong
The freight rate is 2147 US dollars/FEU, up 137 US dollars on the week,6.82 percent increase.
European routes:As the euro zone's concerns about economic recession and energy markets have slowed, inflationary pressures have also eased, and market confidence continues to recover. Transport demand remained stable, supply and demand were balanced, and market freight rates rose slightly.
Shanghai to Europe
The current European freight rate is 877 USD/TEU, up 14 USD,an increase of 1.62 percent.
Shanghai to the Mediterranean
The freight rate of the Mediterranean route in this period is 1621 USD/TEU, up 19 USD per week,an increase of 1.19 percent.
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South American Route(Santos) $1817 per case, up $96 or 5.58 per week
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Persian Gulf RouteRecently, transport demand has performed well, the balance of supply and demand is good, and market freight rates continue to rise. The freight rate was $1092/TEU, up 5.0 per cent from the previous period.
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Australia and New Zealand routesThe local market's demand for all kinds of materials is relatively weak, supply and demand fundamentals are weakening, and spot booking prices continue their downward trend. The freight rate was $267/TEU, down 16.0 per cent from the previous period.
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Southeast Asia Line(Singapore) The freight rate per box was 196 US dollars, down 1.51 per cent from 3 yuan.
Since April, the industry has begun to shout for price increases, and the price increase notice has also been delivered to customers. Yang Ming and Wan Hai pointed out that the freight rate should return to a reasonable level. For the Far East-North America contract under negotiation, the customers did not continue to cut the price. Instead, they hoped that the shipping company could provide stable shipping space and reasonable freight rate. They estimated that the new contract price for the US line was expected to be higher than the spot price.
NCFI: Freight Rising on Most Routes Composite Index Gains Expanded
The key route index is as follows:
Some of the voyage space is tight, the route freight rate rose slightly.
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European RoutesThe freight index is 560.2 points,up 1.8 percent from last week; -
East RouteThe freight index is 888.0 points,up 2.2 percent from last week; -
The West RouteThe freight index is 1024.0 points,Up 2.9 percent from last week.
The liner company took the initiative to push up the freight rate of the voyage after mid-April, and the spot market booking price stopped falling back, and the increase was more obvious due to the lower freight rate of the US-West route.
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US-East RouteThe freight index is 671.9 points,up 1.4 percent from last week; -
West America routeThe freight index is 711.8 points,This is up 8.4 percent from last week.
With the gradual recovery of market volume, the relationship between supply and demand of routes has further improved, and spot market booking prices continue to rise. The Middle East Route Index is 895.5 points,That's up 6.2 percent from last week.
In addition, the following routes are highly volatile:
India-Pakistan routes:Transport demand continues to recover, with liner companies controlling the suspension of some voyages resulting in tight shipping space on routes, spot market booking prices continued to rise sharply for two weeks.The freight index for India-Pakistan routes is 853.4 points,This is up 17.5 percent from last week.
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