Affected by the epidemic, more and more countries have been “sealed off” for the second time, and many ports have been overcrowded.Lack of case, burst the cabin, dump the cabinet, jump the port, freight crazy rise, foreign trade people are under unprecedented pressure.
The latest figures show a 170% year-on-year increase in European rates and a 203% year-on-year increase on Mediterranean routes.In addition, as the epidemic in the United States becomes more serious, air transport lines are blocked, sea freight will continue to increase.
Shippers are facing soaring container rates and surcharges amid strong demand for shipping and a huge shortage of containers, but this is just the start of what could be a more chaotic month.
Freight continues to soar!Europe 170%, the Mediterranean 203%!
China’s export container transport market continued high prices.The freight rates of several ocean routes rose to varying degrees, and the composite index continued to rise.
On Nov. 27, the Shanghai Containerized Freight Index for export containers was released by the Shanghai Shipping Exchange at 2048.27 points, up 5.7 percent from the previous period.As freight rates rise and surcharges rise, Shippers from Asia and Europe will face more pain.
Spot container rates from Asia to Northern Europe rose 27 per cent last week to above $2,000 per TEU and carriers plan to raise FAK prices further in December.The Nordic component of the Shanghai Container Freight Index (SCFI) rose $447 to $2,091 teU, up 170 per cent year on year.
SCFI prices at Mediterranean ports also surged 23 per cent to $2,219 per teU, up 203 per cent from 12 months ago.
For Shippers in Asia and Europe, there is no end in sight to the pain of high freight rates, which will be further increased next month, in addition to the hefty surcharges and premium product fees currently charged to secure on-board equipment and space.
On the return route, the situation for European exporters is arguably worse;It is understood they will not be able to secure a booking to Asia at any price until January.
Continuation of high prices, the overall rate continues to rise!
The continuous shortage of containers further aggravated the shortage of market capacity, most of the airlines freight rates rose, driving up the composite index.
European routes, capacity continues to be insufficient, most flights booked freight rates rose again.
North American airlines, the market supply and demand relations maintained at a good level, spot market high rates stabilized.
Persian Gulf, Australia and New Zealand, South America routes, the strong demand for transport, market rates continue to rise, this period rose by 8.4%, 0.6% and 2.5% respectively.
European routes, strong demand for transport.The repeated outbreak in Europe has stimulated local import demand, and the volume of goods on the market remains high.The tension of shipping line capacity is still increasing, the contradiction between supply and demand has not been alleviated.Last week, the average utilization rate of ships at Shanghai port was basically full.Affected by this, most carriers in the coming early next month to raise rates, spot market rates rose sharply.
As for north American airlines, the COVID-19 is still severe in the United States, with the cumulative number of confirmed cases and the number of new cases in a single day still topping the list. The severe epidemic has hindered the unpacking of supplies.The market capacity is relatively stable, but the market capacity is limited by the increasing shortage of boxes, the room for increase is limited, the supply and demand situation remains unchanged.Last week, the average utilization rate of shipping space on the West and East Routes of Shanghai port was still close to full load.Line freight rates remain stable, spot market booking prices and the previous period basically flat.
In the Persian Gulf route, the overall market performance is stable, the demand remains stable, the market capacity is controlled within a relatively reasonable range, and the supply and demand relations remain balanced.Last week, the utilization rate of shipping space at Shanghai port was above 95 percent, and individual flights were fully loaded.Most carriers maintain the same rates, a small number of adjustments, spot market rates rose slightly.
The destination market of The Australian-New Zealand route is in the peak season of transportation, and the transportation demand is rising steadily, maintaining a good relationship between supply and demand.Last week, the average utilization rate of ships at Shanghai port was above 95 percent, and most of the ships were fully loaded.Most airlines booking space prices to maintain the level of the previous period, a small increase in individual, spot market rates rose.
South American airlines, South American countries affected by the outbreak of insufficient capacity, a large number of supplies rely on imports, transport demand continues to run high.This period, Shanghai port ships average space utilization rate close to full load level.In this fundamental, most airlines near the beginning of the month to raise the booking price, spot market freight rate rose.
Notice of price increase for 2021 will be issued again by all ship companies!
I believe your Maersk levy a peak season surcharge from the Far East to Europe
Maersk announced a new peak season surcharge (PSS) for Europe and East Asia from December to next year.
Suitable for refrigerated cargo from far East to northern and southern European countries.The surcharge will be $1000/20 ‘cooler, $1500/40′ cooler and will take effect on December 15, Taiwan PSS will take effect on January 1, 2021.