Sea freight: Starting from January 1st, it will increase!

Sunny Worldwide LogisticsIt is a logistics company with more than 20 years of transportation experience, focusing on markets such as Europe, the United States, Canada, Australia, and Southeast Asia. It is more of a cargo owner than a cargo owner~

A wave of price increases on New Year's Day swept the shipping industry.

As factories rush to complete shipments before the end of the year and concerns about strikes at U.S. East Coast terminals persist, this continues to drive growth in container shipping volume.

Against this background, shipping companies such as shipping giants Mediterranean Shipping Company (MSC), COSCO Shipping Lines and Yang Ming have announced that they will increase U.S. line freight rates starting from January 1 next year.

According to freight forwarding industry insiders, MSC has raised the freight rate per 40-foot container on the US-West route to US,150, and the US-Eastern route to US,150. In terms of COSCO Shipping, the freight rate per 40-foot container on the US-West route has increased to US,100, and the US-Eastern route has increased to US,100. East rose to ,100.

At the same time, Yang Ming and other shipping companies have also reported to the U.S. Federal Maritime Commission (FMC) that they plan to increase the general rate surcharge (GRI) on January 1. The increase per 40-foot container in the US West and US EastBoth are approximately US,000.

In addition, the ship loading rate on European routes remains high, and this week many shipping companies have once again introduced an increase in space purchase fees of approximately US0.

However, insiders in the freight forwarding industry pointed out that although many shipping companies have stated that they plan to increase prices starting from January 1, they are not in a hurry to make a public statement.

This is because starting from February next year, the three shipping alliances will be reorganized and market competition will intensify.Shipping companies have begun to actively compete for goods and customers to cope with possible market changes.

Attracted by high freight rates, more and more overtime ships have been put into operation, and market competition has become increasingly fierce. This may put some downward pressure on freight rates. Currently, the freight rate per 40-foot container on the European route still fluctuates between about US,000-5,300, but some shipping companies have also provided preferential prices of about US,600-4,800.

Reflected in the second half of December, U.S. line freight rates rose sharply, from more than 2,000 US dollars to more than 4,000 US dollars, an increase of about 2,000 US dollars.

In contrast, European freight rates have remained stable or slightly decreased. It is understood that the three major European shipping companies, including MSC, Maersk and Hapag-Lloyd, are preparing for the battle for market share after the alliance's reorganization next year.

In addition, there is news that more and more overtime ships are being put into European line operations to earn high freight rates. Among them, including small overtime ships of 3,000TEU, they are seizing the market and digesting the cargo accumulated in Singapore. The goods mainly come from factories across Southeast Asia, which are eager to ship due to the early Lunar New Year.

Shipping companies and freight forwarding industry insiders said,The final extent of the price increase and whether the price increase can be successful will also depend on market supply and demand.

At the same time, if a strike occurs at the East Coast terminals in the United States, it will inevitably have an impact on post-holiday freight rates. In addition, many shipping companies plan to expand shipping capacity in early January to capture high freight rates. For example, the shipping capacity deployed on the route from Asia to Northern Europe will increase by 11% month-on-month.

However, as alliance reorganization intensifies and market competition intensifies, this may also bring pressure from a freight rate war.

As a reminder, please contact the corresponding shipping company for specific collection details. Dear cargo owners and freight forwarders who will be shipping in the near future, please pay close attention and inform each other. Freight prices are variable, so if you have shipping plans, make preparations in advance to avoid affecting shipments!