the end of the Spring Festival holiday, freight forwarders and logistics companies have been reworking one after another, how about the changes in the market freight? Today, One Shipping takes you to briefly review the freight market dynamics during the Spring Festival.
data from Drewry's latest global shipping market report (January 26) show that the global container freight index (WCI) continued to fall slightly by 2% to US $2046.51/FEU last week.
According to the data, compared with the high level in September 2021 (US $10377/FEU), the Drewry WCI Composite Index has now fallen by 80%, which is 24% lower than the 10-year average of US $2694, indicating that freight rates have returned to normal.
look specifically at the major routes, the Drewry WCI Composite Index Shanghai to new york's freight prices began to fall, falling 6% last week to US $3241/FEU (the data given by Shanghai Airlines Exchange during the same period was US $2783/FEU); Spot prices from Shanghai to Rotterdam fell 4% accordingly, to US $1,741 per box of 40 feet (the data given by Shanghai Aviation Exchange for the same period is US $1403/FEU).
In addition, freight rates on the Los Angeles-Shanghai route fell 1% to $1,131 per 40-foot container, while freight rates on the Shanghai-Los Angeles route rose slightly by 1% to $2072/FEU.
, the latest data from the Shanghai Shipping Exchange after the Spring Festival show that the performance of China's export container transportation market is basically stable, and there is no obvious small peak in transportation demand. The freight rates of most ocean routes have fallen slightly, of which Australia-New Zealand and South America have fallen significantly.
North America Route:
US-West Basic Port Market Freight (Shipping and Shipping Surcharge) was US $1403/FEU, up 1.8%
US East Base Port Market Freight (Marine and Marine Surcharge) to US $2783/FEU, down 1.5 per cent
Europe route:
European basic port freight rate was US $1014/TEU, down 0.6% from the previous period
Mediterranean freight rate was US $1816/TEU, down 1.1% from the previous period.
Persian Gulf route: freight rate is US $1000/TEU, down 0.2% from previous period
Australia and New Zealand routes: freight rate is US $515/TEU, down 5.5% from previous period
South American route: freight rate is US $1065/TEU, down 4.7% from the previous period
Shipping Company Stopped to Record
In addition to the freight rates are still falling, the shipping company's strategy of stopping and jumping to the port is still continuing!
According to One Shipping, Drewry's latest data show that between the 5th week (January 30 to February 5) and the 9th week (February 27 to March 5), among a total of 693 scheduled voyages on major routes such as trans-Pacific, trans-Atlantic, Asia-Northern Europe and Asia-Mediterranean, 131 voyages have been announced to be canceled.
, taking Shanghai to the United States and the West as an example, as many as 25 voyages will be suspended in the next three weeks. Similar large suspensions are common at ports in South China and East China.
Source: One Shipping