Citing the latest data from the Shanghai Shipping Exchange, it shows that on May 19, the Shanghai Shipping Exchange released the Shanghai Export Container Composite Freight Index of 927.45 points, a decrease of 1.1 percent from the previous period.
Specific to the major exports from Shanghai's major routes, although a number of routes are still slightly down, but individual routes rose strongly-Australia and New Zealand routes sea freight rates soared 24% in a single week.
The recent market ups and downs
Some market analysts pointed out that the current market competition tends to be fierce, and the price war between shipping companies is inevitable, but it also means more opportunities and market vitality.
It is understood that recently, the shipping company announced the suspension of the port number began to fall sharply!
From Druri's latest global container liner route tracking data show that in the main east-west trade, between the 21st week (May 22 to May 28) and the 25th week (June 19 to June 25), for the trans-Pacific, trans-Atlantic and Asia-Nordic Mediterranean routes, a total of 20 flights were canceled, accounting for only 3% of the total number of planned flights of 675.
During this period, 65% of the empty flights will occur on the trans-Pacific eastward route, 20% on the Asia-Northern Europe and Mediterranean route, and 15% on the trans-Atlantic westward route.
Druri said: This is the lowest cancellation rate observed for two consecutive weeks since the outbreak began. Ocean carriers are still deploying additional new build tonnage to shipping markets, particularly Asia-Northern Europe and the Mediterranean.
However, cargo owners should note that this does not automatically translate into additional space, as carriers are now using a slow strategy to absorb new ships. Shippers, especially those with time-sensitive cargoes, should be prepared to extend delivery times.
the good news is that, with the exception of some "exceptions" in the Middle East, North America and Oceania, global congestion has returned to pre-epidemic levels. Overall, port congestion is approaching near full normalization.
Source: one shipping