US line freight rates surged, SCFI ended ten consecutive declines

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

The US line freight rate rose sharply, and the Shanghai Export Container Freight Index (SCFI) ended its ten consecutive weeks of decline and indeed began to rebound.

According to the latest data released by the Shanghai Aviation Exchange on March 28, the SCFI index rose 64.13 points last week to 1356.88 points, with a weekly increase of 4.96%. Among the four major ocean routes in Europe and the United States, except for the Mediterranean routes that continue to fall, the other three ocean routes stopped falling and rebounded.

Last week, the Far East to the Western United States rose by 5 to ,177 per FEU, a weekly increase of 16.29%; the Far East to the Eastern United States rose by 8 to ,194 per FEU, a weekly increase of 11.44%; the Far East to the European United States rose by to ,318 per TEU, a weekly increase of 0.92%; the Far East to the Mediterranean line fell by 9 to ,076, a weekly decrease of 5.42%.

On the nearest ocean line, the freight rate per TEU from Far East to Kansai, Japan increased by US compared with the previous week to US9; the freight rate per TEU from Far East to Kansai, Japan increased by US to US4 compared with the previous week; the freight rate per TEU from Far East to Southeast Asia fell by US compared with the previous week to US3; the freight rate per TEU from Far East to Southeast Asia increased by US compared with the previous week to US1.

Recently, North American sailing cargo volume has gradually rebounded, and freight rates have been the first to stop falling and rebound. According to foreign media reports, the price of long contracts on the US line this year has been confirmed to rise. Several transportation companies have signed long contracts on the US West Line with US retail giants, with prices rising 15% to 20% from last year, and the freight rate per FEU reaches about US,600 to US,800. For the US Eastern route, the long-term contract price will be added to this basis about ,000.

Industry insiders pointed out that due to the influence of the shipment effects at the end of the month and the end of the quarter, the booking rate rebounded and freight rates basically stabilized last week. Entering April, the transportation company is expected to adopt stronger efforts to stabilize spot freight prices to protect the long-term freight rates and ensure that the prices of long-term contracts this year are 15% to 20% or more than last year. Based on the long-term freight rates of super-large customers, the signing prices of medium and large customers and freight forwarders are increasing in sequence. Currently, there is still a tug-of-war between about US,000 and US,500. It will be adjusted according to the promised shipment volume and is expected to be signed after mid-April.

Originally, the expected long-term freight rate of the integrated transportation company was higher, but considering the many uncertainties and the continued decline in spot freight rates, they finally lowered the long-term freight rate. Some European shipping companies are expected to continue their current freight rates until the first week of April. Some shipping companies plan to charge a comprehensive surcharge (GRI) after mid-April, which may be around US0-1,000.