In recent months, due to the uneven global economic recovery, the sharp rebound of the epidemic in many parts of the world, and the arrival of traditional transport season such as Christmas and New Year, many European and American ports have become congested, but many Chinese ports are extremely short of containers.

In this case, a number of large shipping companies began to impose congestion surcharge, peak season surcharge, short of container fees and other additional fees.Freight forwarders are bearing more and more pressure on freight rates.

According to the latest data, China’s export container transport market remains stable and transport demand remains stable following the further surge of freight rates on European and Mediterranean routes last week.

Most of the route market higher freight rates, driving up the composite index.

The biggest increases were 196.8% in Northern Europe, 209.2% in the Mediterranean, 161.6% in the Western United States and 78.2% in the eastern United States.

Rates across South-east Asia, the most hyperbolic region, rose by a staggering 390.5%.

In addition, many industry insiders have said that the peak of freight rates will not end here, container strong demand is expected to continue to the first quarter of next year.

At present, a number of shipping companies have issued the price increase notice for 2021: the price increase notice is flying all over the place, jumping the port to stop sailing really tired..

The Ministry of Commerce issued a message to support container enterprises in expanding production capacity

Recently, at the regular press conference of the Ministry of Commerce, Regarding the issue of foreign trade logistics, Gao Feng pointed out that many countries in the world are facing similar problems due to the COVID-19 epidemic:

The mismatch between the supply and demand of transportation capacity is the direct cause of the increase of freight rates, and factors such as the poor turnover of containers indirectly push up shipping costs and reduce logistics efficiency.

Gaofeng said that he would work with relevant departments to continue to push for more shipping capacity on the basis of previous work, support to speed up container return and improve operational efficiency.

We will support container manufacturers in expanding production capacity, and strengthen market supervision to stabilize market prices and provide strong logistics support for the steady development of foreign trade.