Europe and the United States freight rates rose! European lines jump 30%, US West up another 10%!

This round of market is also regarded as shipping companies to promote the European and American routes in August price increase action in advance.The industry revealed that in Europe and the United States cargo volume increase is limited, the new capacity to continue to invest in the situation, the shipping company to draw the class reduction has been close to the limit, whether in the first week of August to maintain tariffs upward trend will become an important focus of observation.

Shipping companies in Europe and the United States on August 1 to synchronize the line to raise tariffs, including the European line in Europe, three major shipping companies Maersk, Duffy and Hapag-Lloyd led the way, ready to raise tariffs significantly. A forwarder disclosed that on the 27th received the latest offer, the U.S. line is expected to rise 250-400 U.S. dollars per big box, the U.S. West, the U.S. East to reach 2,000 / 3,000 U.S. dollars as the goal, the European line is expected to rise 400-500 U.S. dollars per big box to rise to 1,600 U.S. dollars above and below.

Industry insiders believe that the actual rise in the first week of August, as well as how long it can support are to be observed, with a large number of new ship delivery, shipping companies will face a big test. However, the industry's leading Mediterranean shipping capacity in the first half of this year increased by as much as 12.2%, its movements are of great concern.

This year, the U.S. line has risen many times. July through large-scale class reduction, freight volume rebound, Canadian port strike and the end of the month effect of factors such as the joint promotion of price increases to succeed and remain stable. The industry pointed out that before the United States and Europe line freight rates fell sharply, close to or below the cost line firm determination of the shipping company price increases.

In addition, in the U.S. line to kill the price to grab freight prices in the doldrums, forcing many small and medium-sized shipping companies to retire, the U.S. line rates began to stabilize, with the entry into the U.S. line in June and July, the volume of cargo gradually increased, and the price of the success of the trend up. Then, the European shipping companies will copy the U.S. line experience to the European line, the recent increase in European line cargo volume, but limited, how long the uptrend can be maintained still depends on the market supply and demand.