comprehensive analysis of the latest statistics from Drury, Freightos and Shanghai Shipping Exchange found that although the performance of the overall freight market is still unsatisfactory, there have been cases of nearly 20% surge in freight rates on some routes in a single week, and some shipping companies in the market have announced the resumption of loss of cabin fees. There are some signs that the market seems to show some signs of recovery while building a bottom!
two major routes skyrocketing freight
According to the latest data from the Shanghai Shipping Exchange, the Shanghai Export Container Comprehensive Freight Index released by the Shanghai Shipping Exchange was 923.78 points on March 31, an increase of 1.7 from the previous period
The is specific to the major routes exported from Shanghai. Although many routes are still falling slightly, the Persian Gulf and South American routes are rising strongly, soaring by nearly 20% in a single week (the Persian Gulf route is up 16%, and the South American route is 21%)
In addition, the latest March China Manufacturing Purchasing Managers Index (PMI) index released by the Service Industry Survey Center of the National Bureau of Statistics further improved, showing a more optimistic outlook for economic recovery, and the centralized transportation market is expected to continue to improve.
Shipping Company Announces Restoration of Lost Cabin Fee
According to the latest information from One Shipping: Recently, Korea's Koryo Shipping KMTC announced that it will charge a loss of cabin fee for booking space on some export routes from April 1
official announcement and detailed arrangements are as follows:
, although the current market has seen an oversold rebound in freight rates on individual routes, the market as a whole is still at a low level. European and American routes are still bottoming out. It is still too early to characterize the market as the beginning of a strong recovery due to multiple factors such as the suspension of a large number of routes and the strike in Germany and France.
source: one shipping