It is reported that due to the impact of the week-long Suez Canal blockage, the transport capacity of ships and equipment in Asia is limited, and the spot freight rate of containers in Asia and Europe "rose sharply" this week.
On April 9, the Nordic and Mediterranean parts of Ningbo container freight index (ncfi) rose by 8.7%, almost equivalent to the 8.6% increase of Shanghai container freight index (SCFI).
Ncfi commented: "shipping companies collectively pushed up the freight rate in April, and the booking price rose sharply.".
According to Drewry's WCI index, the freight rate from Asia to northern Europe rose by 5% this week to $7852 per 40 feet, but in fact, if the cargo owner can find a route to accept the reservation, the actual cost is much higher.
Westbound logistics, a UK based freight forwarder, said: "real-time cabin prices are rising, and long-term or contract prices are actually worthless.".
"At present, the number of ships and spaces is limited, and the situation of different routes is different. Finding a route with space has become an arduous task. Once the space is found, if the price is not confirmed immediately, the space will soon disappear.
In addition, the situation of shippers seems to get worse before the situation improves.
At yesterday's press conference, Herbert CEO Rolf haben Jensen said: "the supply of boxes will be tight in the next six to eight weeks.
"We expect most services to miss one or two voyages, which will affect the available capacity in the second quarter."
However, he added that he was "optimistic" about "returning to normal in the third quarter".
Meanwhile, on the Pan Pacific trade line, the Baltic freight exchange (FBX) index from Asia to the west coast of the United States rose 4% to $5375 per 40 feet this week, up 251% from the same period last year; The east coast FBX index rose 2% to $5868 per 40 feet, up 108% from the previous year.
According to loadstar, the shipping company is in the final stage of contract negotiation with the carrier, which "is not negotiation at all, but only the request of the shipping company".
In addition, according to Jon Monroe of Jon Monroe consulting in Washington, some shipping companies are reducing the minimum quantity commitment of annual contracts in order to allocate more space for high-quality business.
"It's not that the container has no space," he said. This is because they need limited space to reprint higher value goods“
Elsewhere, so far stable transatlantic trade routes have also begun to rise in prices.
Judah Levine, head of freightos research, said: "the sustained strong demand and shortage of transport capacity have made the freight rate soar this week." he pointed out that the freight rate from Europe to North America has jumped by 30%, reaching an all-time high of $2851 per 40 feet, with an increase of 55% since the beginning of the year.
In fact, the price rise has spread to almost all routes, which will be directly reflected in the performance of major shipping companies. For example, COSCO Shipping said that its net profit in the first quarter is expected to reach US $2.3 billion, up 52 times year-on-year.
On April 9, the Nordic and Mediterranean parts of Ningbo container freight index (ncfi) rose by 8.7%, almost equivalent to the 8.6% increase of Shanghai container freight index (SCFI).
Ncfi commented: "shipping companies collectively pushed up the freight rate in April, and the booking price rose sharply.".
According to Drewry's WCI index, the freight rate from Asia to northern Europe rose by 5% this week to $7852 per 40 feet, but in fact, if the cargo owner can find a route to accept the reservation, the actual cost is much higher.
Westbound logistics, a UK based freight forwarder, said: "real-time cabin prices are rising, and long-term or contract prices are actually worthless.".
"At present, the number of ships and spaces is limited, and the situation of different routes is different. Finding a route with space has become an arduous task. Once the space is found, if the price is not confirmed immediately, the space will soon disappear.
In addition, the situation of shippers seems to get worse before the situation improves.
At yesterday's press conference, Herbert CEO Rolf haben Jensen said: "the supply of boxes will be tight in the next six to eight weeks.
"We expect most services to miss one or two voyages, which will affect the available capacity in the second quarter."
However, he added that he was "optimistic" about "returning to normal in the third quarter".
Meanwhile, on the Pan Pacific trade line, the Baltic freight exchange (FBX) index from Asia to the west coast of the United States rose 4% to $5375 per 40 feet this week, up 251% from the same period last year; The east coast FBX index rose 2% to $5868 per 40 feet, up 108% from the previous year.
According to loadstar, the shipping company is in the final stage of contract negotiation with the carrier, which "is not negotiation at all, but only the request of the shipping company".
In addition, according to Jon Monroe of Jon Monroe consulting in Washington, some shipping companies are reducing the minimum quantity commitment of annual contracts in order to allocate more space for high-quality business.
"It's not that the container has no space," he said. This is because they need limited space to reprint higher value goods“
Elsewhere, so far stable transatlantic trade routes have also begun to rise in prices.
Judah Levine, head of freightos research, said: "the sustained strong demand and shortage of transport capacity have made the freight rate soar this week." he pointed out that the freight rate from Europe to North America has jumped by 30%, reaching an all-time high of $2851 per 40 feet, with an increase of 55% since the beginning of the year.
In fact, the price rise has spread to almost all routes, which will be directly reflected in the performance of major shipping companies. For example, COSCO Shipping said that its net profit in the first quarter is expected to reach US $2.3 billion, up 52 times year-on-year.