Freight rates rose for the second time in a row, with the US West exceeding $2,000 and the East US exceeding $3,000

The western United States exceeded $2,000, and the eastern United States exceeded $3,000; After rising by 30% in the previous period, the European route fell slightly in this period, and the Mediterranean route continued to climb slightly. Industry insiders confirmed that the US line has finally successfully increased prices, and major European airlines are still working hard.

Benefiting from the arrival of the third quarter of the "traditional peak season", coupled with the insistence of major airlines on reasonable freight rates, the SCFI container freight index rose for two consecutive weeks, and the performance of the four major routes, the North American route is still strong, and the European route is somewhat weak.

US Line: The U.S. job market remains relatively stable, supporting local residents' consumption and route transportation demand to continue to maintain a positive trend. This week, transportation demand remained high, supply and demand fundamentals were solid, and market freight rates continued to rise.

    The freight rate from Shanghai to the United States West was 2002 US dollars / FEU, up 59 US dollars or 3.04%;
    The freight rate from Shanghai to the United States East was $3,013/FEU, up $160, or 5.61%.

Europe Line: Eurozone economic sentiment index came in at 94.5 in July, lower than market expectations and the third consecutive monthly decline. In addition, European geopolitical risks continue to be high, and in the face of unstable energy supply, the future recovery of the European economy will face a variety of risks. This week, transportation demand has been stable, supply and demand fundamentals are basically balanced, and market freight rates have fallen after a sharp increase last week.

    The freight rate from Shanghai to Europe was 947 US dollars / TEU, down 28 US dollars and 2.87% for the week;
    The freight rate from Shanghai to the Mediterranean Sea increased by $26, or 1.72%, per $1,503/TEU;

Demand for transportation on the Persian Gulf route lacks further growth momentum, supply and demand fundamentals are poor, and spot market booking prices continue to decline.

    The freight rate per container was 809 US dollars, down 3.6% from the previous period;

South American line (Santos）：

    The freight rate of the per container was 2451 US dollars, down 62 US dollars, or 2.50%;

Short-sea routes：

    The freight rate per TEU from the Far East to Kansai, the Far East to the Kanto and the Far East to Southeast Asia were the same as the previous week. 

    From the Far East to South Korea, TEU rose by $34 from the previous week.

Overall, the performance of this year's peak freight season has still disappointed the market, the increase in cargo volume is too slow, the industry has constantly adjusted market supply in response to market changes, and the cargo volume in August is significantly better than July, but it is still not strong enough compared with the past peak season; Judging from the industry's continuous shouting of positive actions such as raising the GRI, the industry is generally unwilling to accept unreasonable freight rates.