The West Coast is oversold! Cma CGM called on shipping companies not to engage in freight price war

Previously, shipping giant CMA CGM publicly called on the shipping industry to avoid price wars in the case of economic downturn and supply and demand imbalance, so as not to fall into a long-term recession. Price wars hurt everyone.

It is worth noting that the freight forwarding industry insiders predict that the freight rate of the west route will fall sharply. On November 1, shipping costs went up by about $400. By this time, almost all of the increased funds had been withdrawn, and the final savings had dwindled to only about $100; In addition, shipping companies have also begun to increase the size of the US-East route control efforts. In November, they asked for a $300- $400 price increase, and two weeks later they returned $200- $300. The actual increase is $100.

European routes and Mediterranean routes, the latest drop per 20 feet of container was 2.08% and 3.13%, respectively. However, freight forwarders say that some shipping companies' European routes have fallen below four figures, with rates between $900 and $1,050 per 40-foot container.

Industry insiders said that after the year-end holiday procurement period, the volume of off-season goods is depressed, but it is difficult to prevent a large number of new ships from being put into operation. In order to increase the loading rate of ships, shipping companies have grabbed goods and started a freight war. And Europe and the United States route freight fell again, there are rumors that the United States West Airlines is approaching some customers through contract prices for long-term cooperation, in order to reduce the amount of customer loss.

According to the market news, the shipping company decided that the European and American routes will push forward the price increase plan again on December 1, at present, we can look forward to the arrival of the small peak season before the Lunar New Year, but the earliest will start in mid-December, the goods also need to be shipped before the Lunar New Year, so the success rate of the shipping company waiting for the opportunity to increase the price will be higher.