Recently, despite the increase in freight volume before the Spring Festival and the irreversible market decline, freight rates have continued to fall, but the decline has narrowed. Shipping companies are increasing their efforts to regulate shipping capacity and maintain freight rates by withdrawing from routes, canceling leases of ships, suspending ships, etc.
According to the latest announcement released by the Shanghai Shipping Exchange on December 23 According to new data, the Shanghai Export Container Freight Index (SCFI) of fell by 16.2 points to 1107.09 points last week, falling for 27 consecutive weeks. The decline of also expanded from 1.3% in the previous week to 1.44%. Except for the increase in freight rates on the Mediterranean line, other long-distance routes continued to fall.
html Since November, many shipping companies have reported to FMC that they have increased the freight rate of the US line by US$1,000.
Many container shipping companies have recently stated that they have seen a surge in shipments before the Spring Festival. Evergreen Shipping said that the small peak season effect before the Spring Festival has fermented, and the current US line loading rate has reached 90%. Therefore, the company issued a GRI price increase notice for the US line. It is expected that each FEU will increase by US$1,000 starting from January, but it still needs to observe the customer acceptance.
According to Taiwanese media, in addition to Evergreen , Yangming, COSCO , Hapag-Lloyd , Han More than seven shipping companies, including New Shipping, OceanNet Shipping and ZIM, have reported GRI price increase plans to the U.S. Federal Maritime Commission (FMC) in January 2023. The price of the Far East route to the United States will increase by US$1,000 to US$2,000 per FEU.
Practitioners said that because foreign inventories are still at high levels, the global economy will be bleak in 2023, and at the same time the domestic epidemic has affected the production line operations of various companies, the shipping volume on the route from the Far East to the United States will not be as expected. Customers do not agree with the GRI price increase plan for the U.S. line, because spot freight prices continue to be bargained, and currently customers only accept a price increase of US$100. Customers and container operators are still in a stalemate.
In previous years, the GRI price increase plan for the American line was proposed in March, but this year it is almost a quarter earlier. According to industry analysts, the main reason is that the shipping company has significantly reduced the work and will continue to reduce the work next month, but the loading rate is still not full. The current announcement of the U.S. line GRI price increase plan in advance is to test the water temperature and hope that freight prices can stop falling. However, it depends on the acceptance of customers and the overall market. The industry is not optimistic about this rise.
Shipping companies continue to withdraw ships and quote freight rates! Over a hundred flights canceled! Cancellation rate 17%
Recently, in order to stabilize freight rates, major shipping companies have continued to actively reduce supply by reducing shifts and combining shifts.
According to the latest data released by Drewry on December 23, shipping companies will continue to reduce shifts in large numbers in the next five weeks (weeks 52-4). On major routes such as Trans-Pacific, Trans-Atlantic and Asia-North Europe and Mediterranean, a total of 117 scheduled sailings were canceled out of 709 scheduled sailings, with a cancellation rate of 17%.
During this period, 54% of blank sailings will occur on the eastbound transpacific route, 24% on the Asia to Europe and Mediterranean route, and 22% on the westbound transatlantic route. During this period, the three major alliances of canceled a total of 85 sailings, of which THE alliance canceled the most 53.5 times, ocean alliance and 2M alliance canceled 21.5 times and 10 times respectively.
Drewry said that as global freight inflation caused by the epidemic unwinds, port congestion eases, demand slows and supply increases as new ships "gradually enter" trade lanes and alliances, capacity is expected to outpace any cargo volume growth.
would like to remind all cargo owners and freight forwarders of who will be shipping in the near future, please pay close attention and inform each other. communicate well with shipping companies, customers, etc. must make shipment plans as early as possible to avoid affecting shipments! Forward to everyone.
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-