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Sea freight rates are expected to fall in the second half of the year
Jun 04, 2024|
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The latest Shanghai Freight Index (SCFI) released by the Shanghai Shipping Exchange on May 31 was 3044.77 points, up 12.63% from the previous period, achieving "eight consecutive rises" and breaking through the 3.000 point mark. Among them, the United States and Africa routes have increased the most significant, up nearly 57% in a month.
Specifically, the freight rate from Shanghai to the West of the United States is 6168 US dollars /FEU, up 979 US dollars, a weekly increase of 18.87%; The freight rate from Shanghai to the East of the United States was 7.206 US dollars /FEU, up 724 US dollars, or 11.17% weekly increase. Freight from Shanghai to Europe was $3.740 /TEU, up $331. or 9.71% weekly; The Shanghai-Mediterranean freight rate was $4.720 /TEU, up $472 or 11.11% weekly.
It is worth noting that the freight rate of the United States West and the United States East broke the $6.000 and $7.000 mark respectively.
In addition, freight rates from Shanghai to West Africa, South Africa and South America have also increased significantly by $799. $936 and $343. respectively.
In the case of soaring freight rates and continued tight capacity, the situation of "one box is difficult to find" continues. At present, empty boxes have to fight to grab quickly, and some companies have begun to buy their own boxes to cope with the shortage.
In the last three months, the price of second-hand containers has risen significantly. A person in charge of a freight forwarding company in Yiwu, Zhejiang province, said that at the beginning of the year to buy a high box of about 15.000 yuan, it has now risen to 23.000 yuan.
It is understood that the tight supply of containers is mainly due to the Red Sea situation caused by the diversion of ships, delays and a large number of new ships launched, caused by increased demand for containers. In order to meet the shipping needs of foreign trade enterprises and improve the efficiency of container use, some ship transportation companies have shortened the time for extracting empty containers from 48 to 72 hours before to 24 hours.
In addition, customs and other departments are also constantly improving the speed of empty container inspection and release, and enterprises can use the "ship side direct lift" mode to quickly handle empty container customs clearance procedures.
The deputy chief of the Logistics supervision Section of Daxie Customs under Ningbo Customs said: "Shipping companies will transfer empty containers from each port according to their needs. We will expedite the application for their transportation and check and release as soon as possible to speed up the flow of empty containers at the port."
