Shipping companies due to the May Day holiday implementation of too much reduction and class, and then superimposed market cargo better than expected, resulting in full shipping space, freight rates soared, and the end of May before the end of the space is full.
MSC introduced the freight rate of 10,000 yuan
Recently, a large freight forwarding company pointed out that the world's largest shipping company Mediterranean Shipping (MSC) on Friday (10) reintroduced the Diamond Tier, which is a guaranteed shipping rate, implemented during the epidemic.
Specifically, US $8,000 per large box (40-foot container) in the West and US $10,000 per large box (40-foot container) in the East, valid from May 15 to 31.
At present, the U.S. West line is about $4,200 per large box, and the U.S. East line is about $5,300. As such, MSC's guaranteed freight rate is a near multiple of the current freight rate.
In this regard, most shipping companies and freight forwarders have said that they have not received MSC's message. Other shipping companies have not taken similar action, but only notified that from May 15, the United States line will increase the price of $1,000 per large box, and the European line will increase the price of $1,500.
The market is also watching to see if other shipping companies, such as Maersk, will follow MSC's lead and introduce nominal rates such as Premier, which were implemented during the pandemic.
For shippers, no matter what name the shipping company uses to significantly increase freight rates, it is essentially a price increase to buy shipping space.
Shortage of containers, shortage of space, price increase
"Burst warehouse, lack of cabinets, a mess. Freight forwarders and owners are very uncomfortable." The director of the market department of a logistics company in Shenzhen said that the shortage of containers spread from the port of Ningbo to the port of Shanghai, and now there is a shortage of supply in major ports across the country.
"It's a big increase. It's painful." A person in charge of a freight forwarding company in Zhejiang said that at the moment, the supply is tight, and the business has not felt a significant rebound. On the contrary, affected by the resurgence of crazy freight rates, the recent business volume fell a lot under the pressure of price increases.
Shipping executives point out that the current situation is that the U.S. line is full until the end of May, while the European line is full until the first or second week of June. This was mainly due to the fact that ships on the European line were severely affected by the Red Sea crisis, resulting in a chaotic shipping schedule.
In addition, European ports are less efficient than their Asian counterparts, and time delays can lead to congestion. Such port congestion will further affect the dispatch of containers and exacerbate the shortage of containers.
Under the background of the gradual recovery of demand in Europe and the United States, importers are inclined to increase imports to ensure the stability of the supply chain due to concerns about shipment delays.
In view of the current European and American line shipping space has been full to the end of May, some freight forwarders boldly predict that the next may rise to $10,000 is the Asia-Europe route.
For foreign traders, the impact is also intuitive. Recently completed production of goods have to be delayed delivery, backlog is serious.
"From the Middle East to Europe to South America, shipments to everywhere are delayed!" A foreign trade person said that there are about 4 cabinets of goods delayed delivery, the latest delay than the original time of nearly a month.
"What was supposed to be released in late April has not been released yet." The delivery is slow, which inevitably corresponds to the slow return of orders, and is likely to affect the size of subsequent orders.
Compared with the "uncomfortable" of freight forwarders and foreign trade people, the life of shipping companies and container manufacturing enterprises seems to be comfortable again. At the same time that Maersk lamented that there were fewer orders for new ships, the latest boom in the container industry has returned to the boom zone from the original transition zone.
As a global container manufacturing leader, CIMC's container business recovery in the first quarter of this year was obvious, and dry cargo container sales rose nearly 5 times year-on-year.
Cimc forecast that the container manufacturing volume this year has the opportunity to exceed 3 million TEU (20-inch TEU), and the overall industry outlook is better than last year. With container manufacturing as the core business of Zhongyuan Haifa, the operating income in the first quarter of this year also increased by about 40%, which is motivated by the pick-up of container business.
