Transpacific route

The space on the west coast of North America is tight, and the east coast of North America is affected by the Suez Canal incident and the Panama Canal’s dry season. The shipping route is more difficult and the space is even more tight.

Since mid-April, COSCO has only accepted bookings to the US West Basic Port, and the freight rate has continued to rise.

Europe-to-land route

Europe/Mediterranean space is tight and freight rates are rising. The shortage of boxes is earlier and more serious than expected. Branch lines and departments
The medium-sized base port is no longer available, and can only wait for the source of imported containers.

Shipowners have successively reduced the release of cabins, and the rate of reduction is expected to range from 30 to 60%.

South American route

Spaces in the West Coast of South America and Mexico are tight, freight rates have risen, and market cargo volumes have risen slightly.
Australia and New Zealand routes

The market transportation demand is generally stable, and the supply-demand relationship is generally maintained at a good level.

Last week, the average space utilization rate of ships in Shanghai Port was around 95%. As the market supply-demand relationship tends to be stable, the booking freight rates of some under-loaded flights have dropped slightly, and the spot market freight rates have dropped slightly.

North American routes

The local demand for various materials is still strong, driving the continued high demand for market transportation.

In addition, continued port congestion and insufficient return of empty containers have led to delays in shipping schedules and reduced capacity, resulting in a continued shortage of capacity in the export market.

Last week, the average space utilization rate of ships on the US West and East US routes at Shanghai Port remained at the full load level.

summary:

The volume of cargo continued to rise steadily. Affected by the Suez Canal incident, the shipping schedule was severely delayed. It is conservatively estimated that the average delay is 21 days.

The number of shipping companies’ empty schedules has increased; Maersk’s space has been reduced by more than 30%, and short-term contract bookings have been suspended.

There is generally a severe shortage of containers in the market, and many shipping companies have announced that they will shorten the free container period at the port of departure, and the backlog of goods will become increasingly serious.

Due to the pressure of transportation capacity and container conditions, international oil prices are rising, and ocean freight is expected to continue to rise. The long-term contract price will double in the next year and with many additional conditions. There is room for substantial increase in short-term freight rates in the market and a sharp decline in low-priced space.

The premium service has once again entered the scope of the cargo owner’s consideration, and it is recommended to book the space four weeks in advance.