The four major routes have soared! The first route with a freight rate exceeding RMB 10,000 appeared in July!

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The actions of the Houthi armed forces have caused freight rates to continue to rise, with no signs of falling. At present, the freight rates of the four major routes and Southeast Asian routes are all showing an upward trend...

On the evening of June 26, local time, Yahya Saraya, spokesman for the Yemeni Houthi armed forces, said in a speech that the Houthi armed forces and the Iraqi militia "Islamic Resistance Organization" took joint actions and attacked the Haifa Port through drones. of an Israeli ship, the MSC Manzanillo.

In addition, on the evening of June 26, local time, the Houthi armed forces in Yemen released video footage of the previous attack on the Israeli ship "MSC SARAH V". This is the first time that the Houthi armed forces have officially announced that they possess and use hypersonic missiles.

Yahya Saraya said that the Houthi armed forces will continue to carry out relevant joint military operations to support the Palestinian people until the aggression against Palestine stops and the blockade against the Palestinian people is lifted, otherwise the Houthi armed forces will not stop relevant military operations.

Separately, Britain's Maritime Trade Action Office earlier reported that a missile exploded near a merchant ship south of the Yemeni port city of Aden. Reports indicate that no crew members were injured and the ship continued sailing.

After a new round of Palestinian-Israeli conflict broke out in October last year, Yemen's Houthi armed forces used drones and missiles to attack targets in the Red Sea many times. In early May, the Houthi armed forces in Yemen stated that they would expand the scope of their attacks and attack all ships of companies that have had transactions with Israel in the past few months in the Red Sea, Arabian Sea, Indian Ocean and Mediterranean Sea, regardless of their nationality and the target port. at.

In addition to the more frequent and precise attacks by Houthi armed forces on merchant ships sailing in the Red Sea and Arabian Sea, recent oil spills from ships, strikes in many ports in Europe and the United States, and port congestion issues have also added many variables to the global shipping market..

Vessel deviations, high demand, port congestionThis has led to a further shortage of shipping capacity, and many major ports are facing the threat of strikes, exacerbating the tension in the global supply chain and continuing to push up freight rates.

Recently, the global container shipping market has continued to show a strong upward trend, and the peak season effect has significantly boosted freight rate increases. According to the latest Shanghai Export Container Freight Index (SCFI) on the 28th, the weekly increase was as high as 6.87%, reaching 3714.32 points, and has been rising for 12 consecutive weeks.

Among the major routes, the European route, which had a mediocre performance last week, once again showed strong growth, with freight rates rising by 12.5%. At the same time, the weekly freight rates for the Mediterranean route and the US East route also increased by more than 10%. Among them, the freight rate of European routes increased by 12.55%Breaking through the US,200/TEU barrier, the freight rate on the US East route increased by 12.05%Breaking through the ,200/FEU mark.

As the third quarter enters the traditional peak season for transportation demand in Europe and the United States, coupled with the impact of trade frictions and additional tariffs, exporters have shipped goods in advance to cope with market changes. At the same time, European and American retailers are also worried that the Red Sea crisis will delay delivery and increase inventory. As a result, the current shipping space on the European and American lines is full and booked until the end of July.

Shipping companies have successfully pushed up freight rates in May and June.

Large freight forwarding companies revealed that starting from July 1, except for the U.S. East Route, which has seen a ,000 increase in freight rates due to the dockworkers strike crisis, the U.S. West Coast and European routes have both increased by ,000-1,200 per large box. Most of the Mediterranean routes maintain the freight rate of US,000 per large box. However, it is expected that in the next wave of price increases on July 15,The gains in the US West may ease a bit.

Several freight forwarding companies pointed out that according to the price increase plan on July 1, the freight rate on the US West route will increase from US,300-7,600 to US,300-8,700, and that on the US East route will increase from US,500-8,600 to US,500-10,600. , becoming the first route with a freight rate exceeding 10,000 yuan.

European routes will rise from US,700 to US,700, while Mediterranean routes are expected to remain around US,200, and perhaps some companies will increase slightly by US0-300.

However, it is also reported in the market that many shipping companies such as Mediterranean Shipping Company and CMA CGM plan to launch overtime ships in July, and CMA CGM provides preferential freight rates for large European customers; at the same time, some shipping companies that have withdrawn from European and American routes after the epidemic have also begun to Return to the route.

Therefore, the industry estimates thatThe original plan to increase the price per large box by US,000 to US,000 for the US-Western and European routes on July 15 may be difficult to realize.

The weekly limited number of containers provided by shipping companies to long-term customers on the US-Western route has been relaxed. Some shipping companies even predict that the freight rate on the European route will only increase by US0-300. In short, the impact of multiple factors on the freight rate increase in mid-July remains to be seen.