Shanghai port exports to the United States West and the United States East in, the basic port market freight rates, respectively, reached 1666 US dollars/FEU and 2634 US dollars/FEU, respectively, up about 20% and 11% from a week ago.
According to the Shanghai Shipping Exchange's Shanghai Export Container Composite Freight Index (SCFI), on June 2, the index was 1028.70 points, up 4.6 per cent from the previous period.
Among them, Shanghai Port exports to the United States West and the United States East basic port market freight rates (sea freight and sea freight surcharges), respectively, 1666 US dollars/FEU and 2634 US dollars/FEU, respectively, up about 20% and 11% from a week ago.
Regarding the sharp rise in U.S. freight rates, Shanghai Shipping Exchange analysts said that data released by the research organization ADP showed that the U.S. ADP employment increased by 278000 in May, which was higher than market expectations. The U.S. job market continued to perform steadily, which is conducive to The U.S. economy continues to maintain a recovery situation.
Recently, the North American route transportation demand performance is good, supply and demand relations turn better, some shipping enterprises to promote the market freight rate rise, making the spot booking price rose sharply.
Another part of the freight forwarders revealed that before this, Mediterranean Shipping, Dafei, Evergreen, Yangming, Wanhai and other liner companies have successively issued price increase notices, hoping that from June 1, on the Far East-North America route, the price increase will be 1000 US dollars/FEU, and the actual increase will be about 400 US dollars/FEU. This is also this year's liner company's second price increase success.
, some people in the industry have calculated an account. Take a 10000TEU ship operating on the US-West route as an example, the average cost is 1300~1400 USD/TEU. If a 7000~8000TEU boat is used for operation, the cost will reach more than 1500 USD/TEU. Some liner companies said that many ships have fallen below the cost line of operation, the current freight rate has bottomed out, can no longer lose money business.
Some freight forwarding companies said that at present, some large U.S. retailers have begun to replenish inventory, but the volume is limited, and small and medium-sized e-commerce due to hoarding more, destocking pressure is still greater, so liner company price increases are still more difficult.
According to Alphaliner's latest market forecast, capacity supply in the container market will grow by 8.3 per cent this year, while transport demand will grow by only 1.4 per cent, and next year capacity supply will grow even more, reaching 8.9 per cent and transport demand by 2.2 per cent. In the next three years, the shipping market will face a serious oversupply situation.
Source: China Shipping Weekly