Focus on logistics events! A combination of price increase and cabin reduction? A new way to live in the container shipping market
The freight rate of most routes has increased, and the number of empty containers has decreased!
The US line is about to enter a new annual long-term contract in May. In order to increase the freight rate of the long-term contract, the shipping company strives to increase the freight rate in the spot market. The latest Shanghai Export Containerized Freight Index (SCFI) rose 33.15 points to 956.93 points, an increase of 3.59% , It has risen for two consecutive weeks; the freight rate of each large container (40-foot container) on the US-West route is US,292, an increase of US4 in a single week, an increase of 12.54%.
Is the container shipping market expected to pick up? Freight rates have risen for two weeks in a row!
According to the predictions of many shipping companies, the increase in freight rates will effectively adjust the downturn in the container shipping market. The destocking situation has improved recently. China's ice breaking has driven the block logistics economy to become more active, and the consumption demand of the global public has increased. It is expected that the shipping industry will rebound in the past six months. Although the current increase has not met expectations, there is still hope for a small increase of around 0.
The ports of Los Angeles and Long Beach are shut down, and it is unknown to resume work next Monday
The reason for the closure of the dock gates is that ILWU, the largest local dockworkers association on the West Coast, took concerted action and refused to arrange workers for the ports of Los Angeles and Long Beach. A comprehensive analysis of the latest report of JOC and the official statement of the U.S. Pacific Maritime Association shows that the reason for the sudden shutdown of the Los Angeles Long Beach Port is neither irresistible factors nor ambiguous "Unforeseen circumstances"..The skilled worker who opened the crane decided not to go to work, which caused problems in picking up the cabinet and unloading the ship.
Price hikes are coming? ! A number of shipping companies announced an increase in GRI
Recently, the official website of the shipping company Hapag-Lloyd announced that it will increase the comprehensive rate and increase the surcharge ( GRI), this GRI is applicable to all containers of Gate In Full from May 1, 2023, and the validity period will be notified separately.
A few days ago, Maersk issued a notice to customers that it will increase the comprehensive rate increase surcharge (GRI) of US0-1250 for all types of containers from Asia Pacific to the United States and Canada from April 24.
CMA CGM also issued a notice to customers that from April 15th, it will increase the comprehensive rate increase surcharge (GRI) of US0-1013 for all containers entering the port from Asia Pacific to the United States and Canada.
China-Europe freight trains carry more and more goods
In the first quarter, 4,186 trains were operated and 449,000 TEUs were transported, a year-on-year increase of 15% and 28% respectively. According to data released by China State Railway Group Co., Ltd. on April 10, in the first quarter, a total of 4,186 China-Europe trains were operated, transporting 449,000 TEUs, a year-on-year increase of 15% and 28% respectively. Among them, in March, 1,488 China-Europe trains were operated, transporting 162,000 TEUs, a year-on-year increase of 31% and 52% respectively. Since May 2020, more than 1,000 trains have been operated in a single month for 35 consecutive months.
South Korean semiconductor exports plunge 34.5%
A few days ago, South Korea's trade deficit in March reached 4.62 billion US dollars, a deficit for 13 consecutive months. In addition, South Korea's exports in March fell by 13.6% year-on-year, showing negative growth for six consecutive months. Specific data show that the export volume of Asia's fourth largest economy was US.12 billion in March, a year-on-year decrease of 13.6%, and the expected decline was 17.5%, while the decline in February was 7.5%. The longest drop ever. Imports fell 6.4% year-on-year to .75 billion in March.
After the Sino-French joint statement, the French side frequently raised Taiwan-related issues
It is reported that Macron recently launched a three-day state visit to China. During this visit, Macron made it clear that France respects and pursues the one-China policy. Reiterate adherence to the one-China policy". However, according to foreign media reports, Macron said in an interview with the media on the special plane that Europe should not follow either the United States or China on the Taiwan issue, and Europe should not be involved in crises that have nothing to do with itself.
Yangming Shipping won the first place in the container liner industry!
Recently, Xeneta, the Norwegian shipping market intelligence benchmarking platform, announced that Yang Ming will be No. 1 in the container shipping industry in all relevant CEI (Carbon Emissions Index) covered trades in the fourth quarter of 2022. In fact, Yang Ming is promoting the sustainable development of the environment, and has already shown good results in carbon reduction. The company has adopted management measures such as hull optimization, environmentally friendly new ship deployment, optimal speed control, intelligent monitoring system introduction, and ready-made ship modification. The carbon dioxide emission intensity of operating ships in 2021 will be reduced by 57.38% compared with 2008, reaching the International Maritime Organization (IMO) 2030 target of 40% reduction ahead of schedule, and will continue to work towards the 2050 target of 70% reduction.
The shipping company canceled 51 voyages, with a cancellation rate of 8%
Of the total 675 scheduled voyages on the major trade lanes across the Pacific, Transatlantic and Asia to Northern Europe and the Mediterranean, the latest figures from Drewry show that in weeks 15 (April 10-16) to 19 ( During the five weeks from May 8 to 14), 51 sailings were canceled, accounting for 8% of the cancellation rate. During this period, 51% of suspensions occurred on the trans-Pacific eastbound trade, 45% on the Asia-North Europe and Mediterranean trade and 4% on the trans-Atlantic westbound trade.
Shipowners: Freight rates hit a new high!
Hoegh Autoliners, a car shipping company, said that car shipping rates have reached new highs in recent times, and the company can still renew the contract at a higher price. Hoegh Autoliners, a well-known Norwegian car shipping company, said that car shipping rates continued to soar to record highs in a volatile market. The Oslo-listed shipping company said its average freight gross yield (gross) was .10 per cubic meter in March, an increase of 11.4% compared to the fourth quarter of 2022.
Next are our two logistics questions and answers in this issue, everyone is welcome to actively discuss~
1. What is FOB price?
2. Can foreign customers ship by sea without import rights?
