Since the end of September, the soaring sea freight rate has rebounded significantly for the first time in two years.People inside course of study said, freight cut may only be temporary, mainly in the domestic power rationing policy and "eleven" long holiday part factory under the influence of lower shipments, global port congestion and supply chain chaos has not ease, with the arrival of "black five" and "Christmas", export demand growth, freight cut trend may not continue. JST PH connector, ic socket 8 pin and Bike Spoke Reflector should be noted.
China far sea control related personage said that the recent shipping company freight rates remain stable, the main export trunk line load rate to maintain a full load.Freight rates are affected by multiple factors, such as market supply and demand relationship, terminal operation efficiency, and container logistics supply chain efficiency, and they are not expected to change much in the short term.
Market demand to a good power rationing recovery
Freight rates to stop falling expectations increased
At the end of September, the power restriction policy led to a sharp decline in shipments of major factories, and the reduction of shipping demand ended the continuous rise of shipping freight rates. Subsequently by the National Day holiday, the adjustment of many factories further reduced the temperature of the shipping market.Shipping freight rates have fallen for four consecutive weeks so far.
The Drury Container Index (WCI)'s latest data on October 21 showed that the index continued to fall 0.4% this week, but narrowed significantly from last week, which fell 2.3% last week.
The latest data of China's export container index is 3300.34, down 0.9% from the previous period. Overall, the downward trend of freight rates has slowed down, but the subsequent trend of freight rates is still unclear, and the freight rates of some routes have begun to recover.
Industry insiders said that the limited price increase in two weeks after the price reduction, the latest price is 26 yuan / kg, and the lowest price in late September is 18 yuan / kg.
Analysts believe that the previous decline in China's maritime freight rates is due to power rationing caused by poor supply, not caused by a sharp decline in global demand. It is expected that after China's power supply returns to normal, freight rates will stop falling to rebound.
Several companies in Jiangsu that were affected by power restrictions at the end of September have resumed production earlier this month and are expected to ship normally later.
It is understood that Yiwu, Zhejiang province, has set off a "delivery tide" due to the sharp reduction in freight rates.The backlog of high shipping costs and freight ship constraints has gradually eased, with a large number of wait-and-waiting factories choosing to ship at this point. According to relevant people, due to the centralized release of delivery demand, Zhejiang Yiwu Port has been in the state of warehouse explosion recently.
But the delivery tide may not last long, some freight forwarder said that the previous relevant local ports have experienced more "port jump" situation, so the cargo backlog is also more serious.A foreign trade enterprise from Ningbo said that at present, customers began to put forward the previous backlog of goods, although the freight rate has been reduced, but still at a high level before the price increase, the subsequent will be shipped in accordance with the original pace.
Port congestion in many places around the world has intensified
Major airlines added surcharges in October
In fact, the current freight rates are still high.Take the WCI, which, while still slightly down, maintained its level of $9,865.14 per 40 feet of containers, up 281% from the same period last year.In addition, the global supply chain chaos remains unchanged.
US port congestion continues yet to improve, and as the year-end shopping season approaches, a steady stream of goods flock to major US ports.
To ease the problem, US President Joe Biden recently announced that Long Beach and Los Angeles ports operate day and night, and FedEx, UPS, Walmart, Home Depot and logistics companies will announce extended freight operation hours to increase the supply of goods, but the effect is not obvious.
The latest data show that ships in the western port need to wait for weeks, the average shipping time from China to the west coast has more than doubled, according to digital forwarder company Shifl, the current average transport time from major Chinese ports to Los Angeles and long beach port has increased from normal 16 days to 36 days.
Europe also faces the problem of port congestion at the end of the shopping season. The sharp increase in demand has led to the accumulation of terminal goods that can not be shipped out in time, further leading to the retention of containers. At present, some ports have suspended the return of empty boxes by liner companies.
For example, in the British port of Felixto, due to the lack of truck drivers, the inland transport pressure has seriously affected the operation of the entire supply chain, causing goods not to be shipped out in time and empty boxes blocking the port.To this end, Maersk announced on 18 October that it would temporarily transfer the ships currently waiting, and return the cargo to Port Felixto through more flexible small ships.
In the face of the "great congestion of the century" and the upcoming Black Friday and Christmas, the world's huge supply chain system will undoubtedly face a major test.The chaos of the supply chain will bring great cost pressure to all the links in the supply chain.
Mediterranean Shipping announced three additional additional charges for goods from South China, Hong Kong to East and West America, including GRI (comprehensive rate increase), PSS (peak season surcharge) and CGS (Port congestion fee).
For East Asia to North America, Heberrod, ffy, Changrong, COSCO, HMM have announced additional GRI, ranging from $1,000 to $3,000 per FEU.
Post time: Nov-15-2021