The whole route has generally risen, and the freight rate continues to rise. The shipping company announces the price increase notice in January next year!

Affected by the epidemic, more and more countries have been "closed" for the second time, and the ports of many countries are full of containers. Lack of containers, exploded cabins, dumped containers, jumping into ports, and frantically rising freight rates, foreign traders are under unprecedented pressure.

The latest data shows that European freight rates have increased by 170% year-on-year, and Mediterranean routes have increased by 203% year-on-year. In addition, as the U.S. epidemic becomes more severe and air transportation routes are blocked, shipping prices will continue to rise. With strong shipping demand and a large shortage of containers, shippers are facing soaring container freight and surcharges, but this is just the beginning. The market may become more chaotic in the next month.

China's export container shipping market continues to be high. The freight rates of many ocean routes increased to varying degrees, and the composite index continued to rise.

On November 27, the Shanghai Export Container Freight Index released by the Shanghai Shipping Exchange was 2048.27 points, an increase of 5.7% over the previous period. As freight rates and surcharges increase, Asia-Europe shippers will face more pain.

Last week, the spot freight rate of containers from Asia to Northern Europe rose by 27%, breaking through US$2,000/TEU. The carrier plans to further increase the FAK price in December. The Nordic part of the Shanghai Container Freight Index (SCFI) rose by US$447 to US$2091 per TEU, up 170% year-on-year.

The price of SCFI in Mediterranean ports also surged 23% to US$2,219 per TEU, a 203% increase from 12 months ago.

For shippers in Asia and Europe, this pain of high freight rates shows no signs of ending. In addition to the large surcharges and premium product fees currently charged to ensure on-board equipment and space, freight rates will be further increased next month. .

On the return route, the situation of European exporters can be said to be worse; it is reported that they will not be able to secure reservations to Asia at any price before January.

The continued shortage of containers has further aggravated the lack of capacity in the market, and the freight rates of most routes have risen, pushing the composite index to rise.

On the European route, the capacity continues to be insufficient, and the booking rate of most flights has risen again. For North American routes, the market supply-demand relationship remained at a relatively good level, and the spot market freight rates were high and stabilized. On the Persian Gulf, Australia and New Zealand routes, and South America routes, the demand for transportation is strong, and the market freight rates continue to rise, rising by 8.4%, 0.6% and 2.5% respectively in this period.

European routes have strong transport demand. The repeated epidemics in Europe have stimulated local import demand, and the market volume has remained high. The tight state of shipping capacity of the routes is still increasing, and the contradiction between supply and demand has not been alleviated. Last week, the average space utilization rate of ships in Shanghai Port remained at the full level. Affected by this, most airlines will raise their freight rates at the beginning of next month, and the spot market freight rates will rise sharply.

On North American routes, the new crown epidemic in the United States is still severe. The cumulative number of confirmed cases and the number of new cases in a single day are still top of the list. The severe epidemic hinders the unpacking and transshipment of materials. The market capacity is relatively stable, but the market capacity is limited by the ever-increasing shortage of containers, the upside is limited, and the supply and demand conditions remain unchanged. Last week, the average space utilization rate of ships on the US West and East US routes at Shanghai Port was still close to full capacity. The route freight rate remained stable, and the spot market booking price was basically the same as the previous period.

For the Persian Gulf route, the market performance is generally stable, the demand remains stable, the market capacity is controlled within a relatively reasonable range, and the relationship between supply and demand remains balanced. Last week, the utilization rate of the shipping space of Shanghai Port remained above 95%, and individual flights were fully loaded. Most commercial airlines maintained their freight rates unchanged, and a few adjusted slightly, and the spot market freight rates rose slightly.

For Australia and New Zealand routes, the destination market is in the peak transportation season, transportation demand is rising steadily, and the relationship between supply and demand remains good. Last week, the average space utilization rate of ships in Shanghai Port remained above 95%, and most flights were fully loaded. The booking prices of most airlines remained at the previous period, but some increased slightly, and the spot market freight rates rose. For South American routes, South American countries have insufficient production capacity due to the epidemic, relying on imports for a large amount of materials, and transportation demand continues to run at a high level. In this period, the average space utilization rate of ships in Shanghai Port is close to the full load level. Under these fundamentals, most airlines increased their booking prices towards the beginning of the month, and the spot market freight rates increased.