Four major routes are up big time! The first route to break $10,000 in rates in July appears! Fer House

             The actions of the Houthis have caused freight rates to continue to rise, with no sign of a drop for the time being.

             In addition to Houthi attacks on merchant ships sailing in the Red Sea and the Arabian Sea, which have become more frequent, recent oil spills from ships, strikes in several European and American ports, and port congestion have added many variables to the global maritime market.

             Vessel bypass, high demand, port congestion led to a further lack of capacity, coupled with the threat of strikes in a number of major ports, exacerbating the global supply chain tension, and continue to push up freight rates.

            Currently, freight rates on the four major routes and Southeast Asian routes are all showing an upward trend ......

             Recently, the global containerized shipping market continues to show a strong upward trend, the peak season effect significantly boosted the rate of increase. According to the 28th the latest issue of Shanghai Export Containerized Freight Index (SCFI) shows that the weekly increase of up to 6.87% to 3714.32 points, and has been 12 consecutive weeks of gains.

             In the major routes, last week's mediocre performance of the European routes again showed strong upward trend, freight rates rose 12.5%. At the same time, the Mediterranean route and the U.S. East route tariff weekly increase of more than 10%. Among them, the European route tariff rose 12.55% broke through 5000 U.S. dollars / TEU barrier, the U.S. East route tariff rose 12.05% broke through the 9000 U.S. dollars / FEU mark.

             As the third quarter enters the traditional peak season for European and American transportation demand, coupled with the impact of trade friction and tariff increases, exporters have shipped shipments in advance to cope with market changes. At the same time, European and American retailers are also worried about the Red Sea crisis delayed delivery also pulled up the inventory, resulting in the current European and American line of the cabin is full and booked until the end of July.

              Shipping companies have successfully pushed up freight rates in May and June.

Large freight forwarders revealed that from July 1, in addition to the U.S. East route due to the crisis of dockworkers' strike led to tariffs rose 2000 U.S. dollars, the U.S. West and European routes are up 1000-1200 U.S. dollars per big box. Mediterranean routes are mostly unchanged at $7,000 per TEU. However, it is expected that on July 15, the next wave of price increases, the rate of increase in the U.S. West may be loosened.

 A number of forwarders pointed out that, according to the July 1 price increase plan, the U.S. West Route tariffs will rise from $ 7100-7400 to $ 8100-8400, the U.S. East Route will rise from $ 8300-8400 to $ 10,300-10,400, becoming the first tariffs break the 10,000 yuan of routes.

 European routes will rise from $7,500 to $8,500, while the Mediterranean route is expected to remain at about $7,000, perhaps some companies will rise slightly by $200-300.

However, the market has also rumored that Mediterranean Shipping, Duffy and many other shipping companies plan to launch extra ships in July, and Duffy for European large customers to provide preferential tariffs; at the same time, some of the shipping companies in Europe and the United States routes to withdraw after the epidemic also began to return to the route.

 Therefore, the industry estimates that the original plan on July 15 for the U.S. West and European routes per big box to rise another $1,000 to $2,000 plan may be difficult to achieve.

 The shipping company to the United States West route of the long contract customers to provide a limited number of cabinets per week price has been relaxed, and even some shipping companies predicted that the European route by then the tariffs can only rise 200-300 U.S. dollars. In short, the impact of many factors on the mid-July tariff increase remains to be seen.

 The latest issue out of the freight rate:

 Far East to Europe tariffs reached 4880 U.S. dollars / TEU, soared 544 U.S. dollars compared with last week, a weekly increase of 12.55%;

Far East to Mediterranean tariffs reached 5,387 U.S. dollars / TEU, up 532 U.S. dollars from last week, or 10.96%.

Far East to U.S. West tariffs reached $ 7,830 / FEU, up $ 657 from last week, up 9.16%;

Far East to U.S. East freight rate reached 9274 U.S. dollars / FEU, rose 997 U.S. dollars from last week, or 12.05%.

Persian Gulf line rate of $2,711 per FEU, a weekly drop of $182, or 6.29%;

South America line (Santos) per box rate of 8,854 U.S. dollars, up 296 U.S. dollars per week, or 3.46%;

Southeast Asia line (Singapore) per box tariff 743 U.S. dollars, up 4 U.S. dollars, or 0.54%.

 Now the supply of spot space is still tense, continue to push up the freight rate, the recent shipment plan or to make preparations early!

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