The freight charges

Last week, The SCFI is about 1814, and dropped by 5.7%. By now, the SCFI has kept falling for about 18 weeks. Last week, only the freight charges of Middle East and South America route rising, the Middle East about 28%, the South America 1.9%. It is estimated that the freight charges rising will not keep too long and the increase not big.

The global economic situation is not good, the demands keep falling. According to the IMF prediction, in 2022, the volume of global merchandise trade increase by 3.5%, but in 2023, it will be 1%.

In 2021, many container ships are under construction. After 2023, they will continue to be put to work.

Due to many ships cut last week, The freight charges of the Middle East route rose. But It is not a long-term solution.