Freight rates ended three consecutive increases, only the United States East route continued to rise

Logistics industry insiders believe that this year's container liner season is still not strong enough, so the strength of the freight rate increase will be blocked, the North American market than the European market demand to be strong, the basic North American Far East-West will remain at $2,000 /FEU, the Far East-United States East at $3,000 level /FEU.

The peak season performance of the European market this year let the container liner practitioners disappointed, the rate of increase in cargo volume is too slow, August cargo volume is better than July, but compared with the past peak season, it is not strong enough, the Far East to Europe freight rate per TEU(20 feet container) reached 852 US dollars, down 74 US dollars from the previous week, a decline of 7.99%; Freight rates from the Far East to the Mediterranean reached $1,500 per TEU(20-foot container), down $7, or 0.46%, from the previous week.

The freight rate of the European line fell for three weeks, and the freight rate of each 40 feet container in the spot market came to about 1,400 US dollars, and many ship operations were reported to be in deficit. Freight forwarders pointed out that the European economy is depressed, the volume of cargo is depressed, most shipping companies are mainly operated by 20,000 TEU large ships, and it is not easy to control the cabin. At present, it can be seen that some shipping companies will replace large ships with small and medium-sized ships, although the supply of capacity is reduced, the unit operating costs are rising, and they are in a dilemma.

The performance of the North American line is relatively strong, and the freight rate is relatively stable, with the Far East to the West of the United States reaching 2003 US dollars per FEU(40 feet container), down 14 US dollars, or 0.69%, from the previous week; The Far East to the United States East per FEU(40 feet cabinet) reached $3,110, up $39, or 1.26%, from the previous week.

The United States line in mid-August once again shouted up, the volume of customers have bargaining space, but only after a week began to revise, back to the ship's target price of US $2,000 west, US $3,000 east defense line, can hold, next week will be the key.

In the near ocean line, the Far East to Kansai, Japan per TEU(20 feet container) and the previous week down 6 dollars; Far East to Japan Kanto per TEU(20 feet container) and the previous week down 14 dollars; The Far East to Southeast Asia rose $4 per TEU, or 2.85%, from the previous week; Far East to South Korea per TEU was unchanged from the previous week.

In addition, it is worth noting that if compared with July 14, the SCFI index increased by 5.29%, has been stable for four consecutive weeks, the four major ocean routes in Europe and the United States have also shown a monthly increase, the United States West, the United States East, the European line increased by 13% to 16%, the United States line is still above the profit level, showing the ability and determination of shipping companies to control capacity.

According to Alphaliner shipping market supply and demand growth forecast, this year's supply growth of 8.5% is higher than the demand growth of 1.4%, there is still an oversupply situation, coupled with high inflation to reduce household purchasing power, the industrial chain is still destocking caused by weak demand, these will make freight rates easy to fall but not rise; Unless the conflict between Russia and Ukraine ends, the need for reconstruction materials is expected to boost demand for container shipping.