The spot freight rate of the US-West route increased by 43%!

NO.1 The spot freight rate in West America rose 43% in one month

The spot freight rate in the U.S. line market has continued to rise for a month, and the largest weekly increase in the U.S.-West freight rate has reached 26.1%. Compared with the freight rates of USD 1,404/FEU in West America and USD 2,368/FEU in East America on July 7, within one month, the freight rates from Shanghai Port to the basic port markets of West America and East America have increased by 43% and 27% respectively.

According to the Shanghai Export Containerized Freight Index (SCFI) released by the Shanghai Shipping Exchange, on August 4, the freight rates (sea freight and sea freight surcharges) of Shanghai Port to the basic port markets of the west and east of the United States were US02/ FEU and USD 3013/FEU were up 3.0% and 5.6% respectively from the previous week.

NO.2 CMA CGM once again raised freight rates on Asia-Europe routes

After announcing an increase in the freight rate (FAK) for the Asia-Europe route in early July, CMA CGM recently announced an increase in the freight rate for the route again, which will take effect on August 15 (the date of loading at the port of departure).

At present, the sluggish freight rate has become the most important reason for dragging down the performance of the liner companies, and the liner companies are trying to increase the freight rate.

Looking forward to the market in the second half of the year, CMA CGM believes that the macro economy and geopolitics are still full of uncertainties, and the shipping market is full of challenges. The global economic growth in the second half of the year is still slow, and the increase in new shipping capacity may drag down freight rates, especially on east-west routes.

NO.3 The water level of the Rhine River has dropped to the lowest level this year

According to CNBC, as the most important river transportation route in Europe, the Rhine is facing the problem of falling water levels. Water levels on the Rhine in the small town of Kaub, about 50 miles west of Frankfurt, have fallen to their lowest levels this year, the latest figures show.

It is reported that the Rhine carries most of the transportation of goods such as oil, chemicals and grains into Europe. But since 2021, the drop in water levels has led to a year-on-year decline in cargo volumes. The cost of transporting a ton of diesel across the Rhine to Karlsruhe in southwestern Germany doubled to around 50 euros () between May and mid-July, the data showed.

For European regions that rely on the Rhine to transport diesel, they will face greater cost pressure on heating costs. In Europe, the economy as a whole relies heavily on this lower-cost mode of transport. Therefore, a series of chain reactions brought about by the reduction of the water level of the Rhine will have an impact on the entire European economy.

NO.4 Hong Kong-Zhuhai-Macao Bridge Hong Kong-Macau Cross-border Freight Vehicle Arrangement Officially Implemented

The Hong Kong Special Administrative Region Government recently announced that after consultation and agreement between the governments of Hong Kong and Macau, the arrangement for Hong Kong-Macau cross-border trucks on the Hong Kong-Zhuhai-Macau Bridge has been officially implemented. For convenience.

Hong Kong trucks can deliver goods from Hong Kong via the Hong Kong-Zhuhai-Macao Bridge to the Macau Port Transit Station, and at the same time transport goods from Macau to Hong Kong back to Hong Kong; Macau trucks can go to the logistics facilities at Hong Kong International Airport after arriving in Hong Kong via the Hong Kong-Zhuhai-Macao Bridge The goods are delivered and the goods exported from Hong Kong to Macau can be transported back to Macau at the same time. The arrangement will also expand the customer network of logistics facilities at Hong Kong International Airport.

NO.5 The import and export of Shanghai port exceeded 5 trillion yuan for the first time in half a year

According to Shanghai Customs, in the first half of this year, the total import and export value of Shanghai ports exceeded 5 trillion yuan for the first time, reaching 5.16 trillion yuan, accounting for 25.7% of the country's import and export scale, maintaining the country's largest port status.

In the first half of the year, the import and export of the Shanghai Free Trade Zone was 1.1 trillion yuan, accounting for more than half of the total value of Shanghai's foreign trade import and export, and contributed more than 80% to the increase in Shanghai's foreign trade.