collection freight rates have not stopped falling so far. The Shanghai Export Container Freight Index (SCFI) fell below 2,000 points in the last week of September, and fell 16 consecutive weeks.
freight rates fell for 16 weeks
The latest SCFI index of the Shanghai Aviation Exchange fell 149.09 points to 1922.95 points , a weekly decline of 7.2%, and a monthly decline of as high as 39%.
3 Since September, the SCFI index has fallen sharply week by week, and the four major ocean lines have fallen sharply. Among them, the US Western Line and the European Line have fallen below the US$3,000 level, and all goods in Asia have declined.
- Shanghai to the US West Line FEU freight rate fell 285 USD to 2399 USD , a weekly decline of 10.61%, and 9 September declined by 53% ;
- USE Eastern Line FEU freight rate fell 379 USD to 6159 USD , a weekly decline of 5.79%, and a monthly decline of 30.02%.
- European line freight rate per TEU fell 213 US dollars to 2950 US dollars , a weekly decline of 6.73% and a monthly decline of 33.57%;
- Mediterranean line freight rate per TEU fell 250 US dollars to 2999 US dollars , a weekly decline of 7.69% and a monthly decline of 40.08%.
- Southeast Asia Line Singapore waypoint freight rate per TEU fell 38 USD to 348 , down 9.8% on the week.
Industry insiders pointed out that global inflation and currency tightening have led to a sudden freezing of international transportation demand. The downward revision of freight rates is expected, but the decline is even greater than market expectations.
SCFI index has revised down 63% from its high at the beginning of the year. has now fallen back to the level of the fourth quarter of 2020 , and the shipping market has also flipped the seller market from the buyer market .
European line has begun to increase the bribery fee
Some freight forwarding industry insiders believe that the freight rate of the US Western line has fallen and cannot fall , while the European line has seen a lot of cargo loads in many shipping companies, and the freight rate has been held up.
European line Due to the strikes of the two major ports in the UK, Felixstowe and Liverpool , resulting in important ports in European regions such as Rotterdam and Hamburg Port.
Europe, because many ships in the Port of Serbia cannot return to Asia. The original schedule for one flight per week is now only 2 to 3 flights in Asia a month. has already increased the price for the cabin .
Before the National Day holiday, a shipping company proposed a freight rate of less than US$5,000 per FEU in order to reserve the cargo load in the first half of October. It was found that with the reduction of shifts and the Port of Saitable, some ships had already started to explode the cabin, and the freight rate that has been quoted by began to charge an additional charge of US$300-500 to US$html to buy cabin fees .
Currently , Port of Felixstowe is undertaking a second round of strike, which just ended on October 5th. Liverpool Port, which has just ended its two-week strike, announced that it will hold a second round of strikes from October 11 to 17.
The two major ports account for about 60% of the UK's container imports, resulting in the time of the port of Rotterdam and hamburger , which are alternative ports, extending from 7 days to 12-14 days.
Most industries believe that Europe and the United States have been digesting inventory for a long time, and with the depreciation of Asian currencies, the volume of European and American goods in the second half of October is expected to rebound. Although the estimated growth rate is not high, it will help the market freight rate stabilize or even slightly rebound. Whether the off-season of can not be diluted in the fourth quarter, it is estimated that the clues can be seen in one week after the end of the National Day holiday.
Despite this, industry insiders still have pessimistic attitudes pointed out that the global high inflation and currency tightening have led to a sudden freezing of international transportation demand, causing freight rates to fall continuously. The global trend of the market economy is filled with pessimism. expects container orders to continue to be impacted in the fourth quarter, and freight rates continue to fall .
European route will be suspended on a large scale and reduce flights
As the demand level of global trade routes drops sharply, shipping companies are preparing to implement the most severe cuts in liner services since the outbreak.
In order to stabilize freight rates, the shipping company currently rescues itself from two routes. adopts the "three reduction policies" of significantly reducing shifts, cabin reduction and speed reduction externally. A large shipping alliance has already drawn ships on its own, and the US Western Line ships have been reduced from one shift per week to one shift for 2 weeks; implements "red letter management" internally. It would rather lower the price and grab goods, and take the cargo without losing money as the bottom line, thereby maintaining market share and customer relationships.
In fact, according to foreign industry media, following the recent suspension and reduction of trans-Pacific route services, the three major alliances are considering suspending or merging some Asia-Nordic Circle Services to mitigate the impact of a sharp drop in bookings and to alleviate the erosion of a sharp decline in freight rates.
At the same time, international shipping research and consulting agency Deluri said that the liner transportation industry is entering a "controllable critical period of recession" , which will ultimately determine the fate of sea carriers.
The company said in its latest release of Container Insight: "The next move of shipping companies will largely determine how much they can gain from the super cycle."
also reported warning: "The failure in this regard will mean that The industry will be destined to return to the pre-epidemic low-margin trend ."
Source: Foreign Tusi Information
