18 Supply Chain published a manuscript on the expected increase in international shipping costs in response to the soaring price of Meisen last week. Then today when we looked at the data of the Shanghai Shipping Exchange and other shipping monitoring agencies, we can clearly find that the freight rates of some routes have really risen.
According to the latest data from the Shanghai Shipping Exchange last Friday, the Shanghai export container freight comprehensive index rose from 4147.83 points in the previous period to 4162.69 points, an increase of 14.86% year-on-year. In the Shanghai export container settlement freight index, European routes rose 0.6% year-on-year to 6967.25 points; the US-Western routes rose 1.5% year-on-year to 5163.23 points.
Regarding the rise in Shanghai's export container freight index, some industry insiders said that this may be closely related to the phased unblocking of Shanghai and the resumption of work and production of enterprises. The backlog of goods in April due to the epidemic is reflected in the export volume in May. According to the latest data, the single-day throughput of containers in Shanghai Port has reached 119,000 TEUs, and has recovered to 90% of the cargo volume under normal circumstances.
data As of May 20, the comprehensive index of China's export container freight rates increased by 1.5% year-on-year to 3135.78 points. Among them, European routes fell by 1.4% year-on-year to 4978.00 points. However, both the United States and the United States and the United States have increased significantly. The Freight Index of the US Eastern Airlines Freight Index rose 9.2% year-on-year to 2916.52, and the Freight Index of the US Western Airlines Freight Index rose 7.7% year-on-year to 2598.50 points.
Why did the US line freight rate suddenly rise? Some freight forwarders said that cabinets to the United States are very popular and are difficult to get in the market now. It is reported that Amazon's US site will announce its membership daily report and the time for the warehouse entry of goods on March 3. Sellers participating in membership day need to complete the filing transaction on April 29 and deliver the goods to the operation center by June 20. So this period will be the last delivery time for the seller to participate in the Amazon Membership Day event. If the goods are a few days later, the goods may not arrive at the Amazon warehouse within the specified time.
Baltic Sea Freight Index (FBX) The latest global comprehensive freight index also showed an increase of 3% from the previous week to US$8466/FEU, the first increase since twelve consecutive weeks of decline. On the trans-Pacific route, the FBX freight index of Asia to the West of the United States rose by $1,186 from the previous week to $13,698/FEU (including surcharges).
As of May 19, Drury's comprehensive world container index fell slightly by 0.1% this week to $7,648.18 per 40-foot container, but is still 24.7% higher than the same week in 2021. Although the comprehensive index still shows a slight downward trend, you can look at the eight major routes of East-West trade in the figure below, and you can clearly see that the increase gradually becomes smaller.
Some industry insiders said that the increase in international shipping prices was partly due to the effects of the three major shipping alliances' suspension, port hops and blank navigation plans in the past period. According to Drury, 78 voyages will still be cancelled in the next five weeks, mainly focusing on the trans-Pacific eastbound route. Therefore, the 18th Supply Chain also reminds cross-border sellers who need to export goods in the near future to make transportation plans and arrangements in advance.
This article is provided by Yiba Supply Chain. For more latest industry information, please refer to the official account "Yiba Supply Chain Cross-border Logistics".
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