The latest shipping price! The four major routes have skyrocketed by 20%, and will increase by another 2,000$ within half a month! Seats are full before the low end of May

According to industry insiders in the freight forwarding industry, as shipping companies continue to control cabins and reduce and combine shifts during the May Day holiday, the cabins are full before the end of May, and many urgent cargoes may not be able to get on board despite the increased prices. It is currently difficult to find a cabin. (View article: Nightmare! Freight rates soar to US$10,000! No matter how high the freight is, you can’t book a space.) In addition, with the rebound in demand in Europe and the United States, there are also concerns about the increase in the red sea crisis detour time and shipping schedule delays. , cargo owners have also increased their efforts to replenish inventory, and the overall freight rate will increase again.

The shipping company has issued a notice to adjust freight rates. Starting from May 15, the freight rate for 40-foot containers on the US line will increase by another US$1,000, while the freight rate on the European line will increase by US$1,500-2,000.

In addition, the shipping company also informed the freight forwarder that starting from June 1, the freight rate on the US line will increase by another US$1,000, and an additional peak season surcharge of approximately US$600 will be charged. There is even news that the freight rate on the European line may increase by as much as 2,000 US dollars, so seize the opportunity to increase prices wildly. Facts have also proved that this news is not groundless. On May 10, CMA CGM’s official website released the latest announcement stating that starting from June 1 (loading date), the new FAK rate from Asia to Northern Europe will be raised again to US$3,200 per 20-foot container. 40-foot container includes high Containers and refrigerated containers are US$6,000 until further notice. Compared with the previous adjustment announced on April 26 and implemented on May 15, the freight rates will be increased by US$500 and US$1,000 respectively.

Affected by the geopolitical conflict in the Red Sea, global ships are forced to bypass the Cape of Good Hope, which not only significantly increases transportation time, but also leads to major challenges for ship dispatching. The ships sailing to Europe every week are of different sizes, which brings great trouble to customers when booking space. European and American traders have also begun to replenish inventory in advance to avoid facing shortage of shipping space during the peak season of July and August.

Industry insiders said they never expected that market demand would be so huge after the May Day holiday. Previously, in response to the May Day holiday, shipping companies generally increased the proportion of blank flights by about 15-20%. This has led to a tight space situation on North American routes in early May, and the space is currently full before the end of the month. Therefore, many planned shipments can only wait for the June ship.

On May 9, the latest Drewry World Container Index (WCI) rose to US$3,159/FEU, a weekly increase of 16%. This is an increase of 81% compared to the same period in 2022 and 122% higher than the pre-pandemic average level of $1,420/FEU in 2019.

Routes departing from China have increased across the board compared with last week. in: