In the second half of the year, it has been more than half a month. The sea freight market has fallen like the Yangtze River. In the past week, it has been accelerating to catch up with the bottom.
According to One Shipping: Drewry's latest global shipping market report provides data: the world container freight index (WCI) in a row fell into the 22nd week, the decline compared with the past two weeks again widened.
The overall decline increased again, with a year-on-year decline of more than 30%.
last week, the World Container Freight Index (WCI) fell to 2.6 per cent to $6820.04 per 40-foot container. Compared with the same period last year, the overall freight rate has dropped to 24%.
Europe and the United States major routes fell (per 40ft container)
1, Shanghai-Genoa fell $529 (down 5%) to $10,300
2. Shanghai-new york fell 322 US dollars (3%) to 9,842 US dollars
3. Shanghai-Los Angeles fell 200 US dollars (3%) to 7,280 US dollars
4. Shanghai-Rotterdam fell 90 US dollars (1%) to 9,092 US dollars
From the major route freight historical data comparison, Shanghai-Rotterdam freight compared to the same period last year has fallen by 30%;
SHANGHAI-NEW YORK Freight Drops Below $10,000 to $9,842/FEU;
Shanghai-Genea's sea freight rate fell 529 US dollars in a single week.
Drewry expects the container freight index to continue to decline in the coming weeks.
One Shipping founder and CEO (CEO) Zhong Zhechao said in an interview with a reporter from the Securities Times: "In the past six months, the global freight index has recorded a continuous decline. This long and substantial decline is extremely rare in the industry."
Shipping companies continue to suspend flights and jump the port strategy, 70% of which occurred in the United States and West.
According to Drewry's latest data, among the major trans-Pacific, trans-Atlantic and Asia-Nordic and Mediterranean routes, among the 758 scheduled voyages, 76 voyages have been canceled between the 29th and 33rd weeks.
Of the canceled voyages, 71% of the blank voyages will take place on the eastbound trans-Pacific route, mainly to the west coast of the United States.
Specific to the suspension arrangements for the next five weeks (29 weeks -33 weeks), the three major leagues canceled a total of 61 routes, of which:
2M Alliance Announces Cancellation of 20 Times
THE Coalition Announces Cancellation of 23.5 Times
OA Alliance Canceled 17.5 Times
Shipping Company Stopped Port Jumping Summary
Hapel-Lloyd Releases Port Jump Notice
Hapel-Lloyd recently issued a shipping schedule adjustment notice. As the west coast of North America continues to experience port congestion, resulting in ship delays, starting from August 2022, its trans-Pacific service will provide port adjustments that may affect cargo plans:
Pacific North Loop 2 (PN2) service, starting from Singapore's MV YM TipTop, the Canadian port of Vancouver will be omitted, and Shanghai, China will be added to the east.
Pacific North Loop 3 (PN3) from Hong Kong MV Seaspan Beacon will not stop at Tacoma;
MSC Announces Voyage Adjustment
Mediterranean Shipping recently announced that due to the continuous challenging market situation leading to the entire supply chain congestion and shipping delays, its Liberty services will omit new york until further notice, starting from ZIM PUSAN on August 3, 2022, voyage 08E,ETA Tanjung Pelepas;
The following mainland China to North America, Europe and the Mediterranean for the 30-35th week (from July 25, 2022-September 4, 2022) suspension and port hopping summary:
Source: One Shipping