freight index exceeded the 4,000-point mark for the first time!
The latest Shanghai Container Freight Index (SCFI) exceeded the 4,000-point mark for the first time, four times its historical average, which means that liner companies are firmly on course to record the most profitable year in history.
The index has been below 1,000 points for much of the past decade, but has been breaking records for much of this year, topping the 3,000 mark in May against a backdrop of unusually strong demand in the United States and severe port congestion around the world. Down, the index showed few signs of weakening.
Freight prices are still rising in various ways
7 has not passed yet, and shipping companies have started a new round of price increases since August, and shipping companies' additional charges are also becoming varied. In addition to the previous surcharge (GRI) and peak season surcharge (PSS), the latest charging item has also been launched this time - value-added fee (VAD)
html Starting from August 25, Hapag-Lloyd will charge a value-added surcharge
days ago Hapag-Lloyd has announced that due to continued exceptional demand from China, and the resulting supply chain operational challenges, Hapag-Lloyd will implement a value-added surcharge (VAD) on all cargo shipments in accordance with normal FAK guidelines.
The value-added surcharge will be imposed on August 15 and will be charged at US$4,000 per 20-foot container and US$5,000 per 40-foot container in the trans-Pacific trade from China to the United States and Canada.
This surcharge will not affect any medium or long-term contracts and is intended to replace some other temporary surcharges such as the Shipping Guarantee Fee (SGF).
html Starting from September 1, MSC will levy a port congestion fee
For goods exported from ports in South China and Hong Kong to the United States and Canada, Maersk will levy a port congestion fee, as follows:
USD 800/ 20DV
USD 1000/40DV
USD 1125/40HC
USD 1266/45'
Effective date: September 1, 2021 (unloading day at the destination port).
Note: The above surcharges will take effect from the port of destination of the goods on September 1, and apply to all quotations and container types.
Starting from August 5, Matson will increase the port congestion fee
Matson Shipping announced last week that it will increase the port congestion fee by US$2,000 per container at the western US ports starting from August 5, and this has already started on June 10. The third step is to push up the port congestion charges. After the three port congestion charges are added up, the 45-foot container is as high as US$5,697!
html Starting from August 1st, Zim will levy a congestion charge and delivery fee at the destination port
Due to the continued congestion in the United States, Zim will charge a congestion surcharge at the destination port starting from August 1st:
Strong demand urges sellers to book peak season slots in advance
From port congestion, container shortage, to skyrocketing freight costs
When will global container transportation problems end?
With the peak shipping season approaching, the current strong demand and limited capacity in the market may extend into next year. Coupled with high prices, sellers are being urged to book in advance for this year's air and sea freight season. Judah Levine, director of research at
Freightos, commented: "Some shippers desperate to replenish inventory are moving from ocean to air freight, which shows how stressed the industry is right now."
Multiple freight and logistics sources also said they expect ocean and air freight this year Market prices will remain stable and demand is expected to continue to exceed the current limited capacity of both modes of transportation. The global container transportation problem has troubled sellers for more than a year and may continue until next year...
In the current shipping market, it is hard to find a cabin or a box, and freight prices are rising crazily. If you want to ship, hurry up and book!
