Recently, although the freight volume has increased before the Spring Festival, the market decline is irreversible, and the freight rate of is still falling, but the decline has narrowed. Shipping companies are stepping up efforts to adjust shipping capacity and maintain freight rates by withdrawing routes, retiring ships, and suspending ships...
According to the latest data released by the Shanghai Aviation Exchange on December 23, last week, Shanghai’s export container freight rates The index (SCFI) fell 16.2 points to 1107.09 points, falling for 27 consecutive weeks. The drop also expanded from 1.3% in the previous week to 1.44%. Except for the increase in the freight rate of the Mediterranean line, other long-distance routes continued to fall.
Since January, many shipping companies have reported to FMC that they have increased the freight rate of the US line by US$1,000.
A number of shipping companies have recently indicated that they have seen a wave of shipments before the Spring Festival. Evergreen Shipping said that the effect of the small peak season before the Spring Festival is fermented, and the current US line loading rate has reached 90%, so the company issued a GRI price increase notice to the US line, and it is expected that every FEU will increase by 1,000 US dollars from January , but it is still necessary to observe customer acceptance.
According to Taiwan media news, in addition to Evergreen , Yang Ming, COSCO , Hapag-Lloyd , Hanshin Shipping, Ocean Network Shipping and Zim, etc. more than seven shipping companies, to the United States Federal Maritime The Commission (FMC) reported the GRI price increase plan in January 2023, and the price of Far East to the United States will increase by US$1,000 to US$2,000 per FEU.
Practitioners said that due to the high level of foreign stocks, the global economy in 2023 will be bleak. At the same time, the impact of the domestic epidemic will affect the operation of production lines of various companies. The price plan does not agree, because the spot freight rate is still bargaining, and the current customer only accepts a price increase of US$100, and the customer and the container operator are still deadlocked.
Because the previous year’s GRI price increase plan for the US line was proposed in March, this year it was brought forward a quarter earlier. According to the analysis of practitioners, the main reason is that the shipping company has significantly reduced the number of shifts and will continue to reduce shifts next month, but the loading rate is still not full. is currently announcing the GRI price increase plan for the US line in advance, in order to test the water temperature and hope that the freight rate will stop falling, but it depends on the acceptance of customers and the overall market. The industry is not optimistic about the rise this time.
The shipping company continues to withdraw the ship and quote the freight! Cancel more than a hundred voyages! The cancellation rate is 17%
Recently, in order to stabilize the freight rate, major shipping companies continue to actively reduce supply by reducing and combining shifts.
According to the latest data released by Drewry on December 23, shipping companies will continue to reduce their shifts in the next 5 weeks (week 52-4). Among major routes such as trans-Pacific , trans-Atlantic and Asia-North Europe and Mediterranean , had 117 scheduled voyages canceled out of 709 scheduled voyages, a cancellation rate of 17%.
During this period, 54% of blank sailings will occur on transpacific eastbound trades, 24% on Asia to Europe and the Mediterranean, and 22% on transatlantic westbound trades. During this period, the three major alliances of canceled a total of 85 voyages, of which THE alliance canceled 53.5 times at most, ocean alliance and 2M alliance canceled 21.5 times and 10 times respectively.
Drewry said that as global freight inflation caused by the epidemic unwinds, port congestion has eased, demand has slowed and supply has increased, as new vessels "gradually enter" trade lanes and alliances, and capacity is expected to exceed any cargo volume increase.
would like to remind you that , the shippers and forwarders who will ship in the near future, please pay close attention and supportTell each other. communicates well with shipping companies and customers, and must make a shipment plan as soon as possible to avoid affecting shipments! Forward known.
