Freight prices rise twice in a row! This route surged by nearly 20%

According to the latest freight rates, the freight rates for the four major routes including the Far East to Europe, the Mediterranean, the West and the East of the United States have all shown a downward trend. The freight rates have risen mainly due to the increase in routes in the Southern Hemisphere. The freight rates per TEU on the South American routes have increased. It reached US$3,627, a surge of US$545, or 17.68%. In addition, the freight rate on the Far East to West Africa route also achieved significant growth, with an increase of 9%. The freight rate for the route from the Far East to Europe was US$1,971/TEU, down US$26 or 1.3% from the previous period; the freight rate for the route from the Far East to the Mediterranean was US$3,010/TEU, down US$4 or 0.13% from the previous period. The freight rate for the Far East to US West route dropped to US$3,205/FEU, down US$103 or 3.11% from the previous period; the freight rate for the Far East to US East route dropped to US$4,179/FEU, down US$180 or 4.12% from the previous period. .

According to market feedback, the freight rate on the US-West route has fallen below the US$3,000 mark, and most shipping companies charge between US$2,800 and US$2,900 per large box, which is a drop of about US$200 compared to before. The freight rate on the US East Route ranges from US$3,100 to US$3,400. Some shipping companies have received goods within this price range, and the maximum drop has even reached US$400.

Dollar. The freight rates on European routes remained between US$3,100 and US$3,300, also down by US$200-300. Large freight forwarding companies pointed out that in the Taiwan market last week, the US-Western freight rates displayed on Maersk's website were US$2,060 and US$2,540, while the US-Eastern freight rates included US$3,190 and US$3,255. Currently, the ports in the southwest of the United States are fully loaded, while the ports in the northwest and east of the United States are facing insufficient cargo volume. In order to stabilize freight rates, Ocean Alliance decided to reduce one flight on the US-West route next week and make every effort to maintain freight rates to avoid adverse effects on the price of the May long-term contract signed before the end of the month.

In terms of the near-ocean line, the freight rate of the Far East to Japan Kansai route has declined, with a decrease of US$2 per TEU compared with the previous week; while the Far East to Japan Kanto route has increased by US$7 per TEU compared with the previous week; the freight rate of the Far East to Southeast Asia route has also increased slightly. fell, with each TEU falling by US$3, or 1.06%, compared with the previous period; the freight rate from the Far East to South Korea remained the same as the previous week. Overall, although the overall increase in the Shanghai Container Export Freight Index in this period is not large, the freight performance among various routes shows diversified characteristics. Against the backdrop of general declines in the four major routes, the strong increase in South American and West African routes provided strong support for the overall freight rate level.