Ship company control cabin stability price effective! European and American line freight rate strong rebound! Freight rates expected to continue to rise?

According to the latest data released by the Shanghai HNA Stock Exchange on October 27, the SCFI index rose 94.94 points to 1012.60 points last week, with a double-digit weekly increase of 10.35%, and the four major ocean routes rose in an all-round way, of which the European line rose more than 30%.

Among them, the freight rate of the Far East to the West of the United States increased by 170 US dollars per FEU to 1916 yuan, a weekly increase of 9.74%; The FEU rate for the Far East to the United States rose by $163 to $2,361, a weekly increase of 7.42%. Far East to Europe freight increased by $188 per TEU to $769, a weekly increase of 32.36%; The Far East to Mediterranean line freight rate increased by $112 per TEU to $1,221, a weekly increase of 10.1%.

At the same time, the Australian New Zealand Line (Melbourne) freight rate increased by $83 per TEU to $792, a weekly increase of 11.71%; South American Line (Santos) freight rate increased by $261 per TEU to $2,425, a weekly increase of 12.06%.

On the offshore line, freight rates are mixed. Among them, the freight rate per TEU from the Far East to Kansai, Japan, fell by $1 from the previous week to $306; Far East to Japan Kanto freight per TEU was unchanged from the previous week at $319; Far East to Southeast Asia freight per TEU increased by $2 from the previous week to $187; Far East to South Korea freight rates were unchanged from the previous week at $142 per TEU.

Industry sources said that last week European and American line freight rates all strong rebound, mainly due to the consolidation company technical cabin control strategy to work, coupled with the European and American holiday to pull goods, and the consolidation company in the most demand at the time of pumping ships, also makes the European line has signs of full cabin, freight prices rose more. Next until mid-November is still in Europe and the United States, freight rates are expected to continue to rise, is expected to slow down after mid-November, freight rates will fall. However, if the container shipping company's shipping space regulation is reasonable, the price is still supported even if it falls, and there is a wave of demand from mid-to-late December to the Lunar New Year, and there may be another price increase.

Hapag-lloyd and Dafy Shipping have announced an increase in European line freight rates from November, rising to $1400 to $1600 per FEU, doubling the current spot freight rate, while Evergreen Shipping and Yangming Shipping will also follow the trend.

The industry also pointed out that the consolidation company in the case of low freight rates to increase the reduction of cabin action, the current idle capacity has broken 1 million TEU, accounting for about 4.3% of the total capacity of the existing fleet, more recently, the price is not enough to reduce the United States East Line to reduce the ship class.

Looking forward to the future, the industry said that although the challenges and variables of the maritime market in 2024 are still large, but the recent Chinese double 11, European and American Thanksgiving, Christmas and other important holidays, the fourth quarter has the opportunity to stimulate shopping demand to drive freight rates continue to rise, plus the fourth quarter the two sides began to negotiate the European line and other ocean routes of the annual New Testament. Shipping companies will be more active in raising prices to create a favorable atmosphere for bargaining chips.