The shipping company announced an increase in freight rates! Isn't this year's freight rate the highest but higher? !
The freight rate has risen from last year to this year, and the high freight rate that has caused headaches for foreign trade forwarders is that one day is better than one day.
The spot freight rate of container transportation has been fluctuating at a very high level this year, and there is no sign of falling. On some trade routes, the spot freight rate is still rising. Among them, the trans-Pacific spot freight rate has been at a record high for 8 consecutive months.
Along with the impact of the Suez Canal interruption on the supply of containers and ships, people have been talking about when the high freight rates will end. Attention has also been shifted from the expected second half of 2021 to 2022.
At the same time, there is still a wave of upswing waiting for us. It is reported that another shipping company has announced a new round of freight increase. From May 22, Wanhai Shipping will export freight rates from China to Asia. The implementation will be increased: USD 300/600/600 for 20'/40'/HQ, on the grounds that operating costs continue to rise.
The shipping company announced an increase in freight rates! Isn't this year's freight rate the highest but higher? !
Not only that, Hapag-Lloyd also raised the general freight rates from East Asia to the United States and Canada.
According to the announcement, from June 1, 2021 (the date of receipt at the origin), Hapag-Lloyd will increase the general freight rate (GRI) from East Asia to all destinations in the United States and Canada. Suitable for all dry, refrigerated, non-operational refrigerated, tank, flat rack and open top containers:
East Asia to North America (USA and Canada)
• USD 960 per all 20' container types
• USD 1200 per all 40' container types
The shipping company announced an increase in freight rates! Isn't this year's freight rate the highest but higher? !
East Asia is defined as Japan, South Korea, China/Taiwan/Hong Kong/Macau, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia, the Philippines and Russia's Pacific Rim provinces/regions.
The shipping company announced an increase in freight rates! Isn't this year's freight rate the highest but higher? !
On April 29, the Drewry World Container Index (Drewry World Container Index) showed that the composite index rose by 1.4% this week to US$4,983.74/FEU. The index has risen by 234% year-on-year.
The shipping company announced an increase in freight rates! Isn't this year's freight rate the highest but higher? !
Drewry estimates that the year-to-date average global container freight rate is US$5,089/FEU, which is US$3269 higher than the average of US$1820 five years ago.
Among them, the freight rate of the Rotterdam-New York route soared by US$858/FEU to US$3,500; the freight rate of Shanghai-Genoa increased by US$349 to US$8,268. The freight rate from Shanghai to Los Angeles increased by US$194 to US$4,403. The index is expected to remain stable next week.
The shipping company announced an increase in freight rates! Isn't this year's freight rate the highest but higher? !
As the peak season will last longer, cargo volume and freight rates will rise, bringing objective profits to shipping companies. Successful experience will make shipping companies tend to continue to control capacity, so as to continue to enjoy the dividends brought by high freight rates. Therefore, in 2021, the container shipping market is expected to maintain a good momentum.
According to data from the Shanghai Shipping Exchange's weekly report, on April 23, the average space utilization rate of ships in Shanghai Port on European routes was basically at the full load level, and the average space utilization rate of ships in Shanghai Port on Mediterranean routes was at full load level.
The shipping company announced an increase in freight rates! Isn't this year's freight rate the highest but higher? !
The average space utilization rate of ships on the West Coast and East Coast routes of Shanghai Port is still close to the full load level.
The shipping company announced an increase in freight rates! Isn't this year's freight rate the highest but higher? !
The current freight rate situation has far exceeded people’s predictions. In the middle of 2020, many commentators believe that the hot demand will peak in August or September last year and fall back in the fourth quarter, but the truth is not. in this way. Analysts also speculated last year that the surge in demand and the surge in freight rates were caused by the desire to replenish inventory at one time after the first blockade in Europe and America last spring. However, even now, retailers are still replenishing goods and inventory is still very low.
Drewry’s research report stated: “Based on historical experience alone, it must be assumed that the freight rate in the spot market will drop rapidly, but this is not a normal period. We believe that shipping companie
