Frightened!The Asia-Europe freight rate has broken through 20,000 U.S. dollars, and the U.S. West offer jumped to U.S. dollars 32,000 ! May skyrocket

Since the beginning of last year, it is no more accurate to describe sea freight with the steadily increasing sesame blossoms. The epidemic, the Suez Canal, and the recent congestion at the South China Wharf have made the snowballs of various problems even bigger and bigger.

Northern Europe freight rate breaks through the USD 20,000

With the gradual recovery of economic activities in Europe and the United States and the increasing market demand for various materials, import demand from Europe and the United States continues to remain high. However, container detention, ship jumping, poor transportation turnover and port congestion caused by the epidemic have become the norm.

?Recently, the top two major container ports in Europe, Rotterdam Port and Hamburg Port, are facing severe congestion, forcing shipping companies to jump to the port-change routes and suspend calls.

The short-term freight from China to Europe has exceeded the 20,000 USD per 40 feet Container.

Relevant foreign data show that in July, the top 5 shipping companies for cargo from Chinese ports to the ports of Felix Stowe and Southampton gave USD 21,000 per 40 feet container. the average price is about 18,000 US dollars.

Although these substantially increased rates include additional costs to guarantee equipment and space, some shippers complain that their cargo is still being dumped.

?"We paid their ridiculous fees and thought the matter would end here," a freight forwarder said, "but then we found from the local agent that the box was still on the dock. The shipping company wanted more money. Before they are willing to ship the goods."

?A UK-based NVOCC said that a "short email" from his carrier suggesting another price increase was like the "last straw" that overwhelmed them.

Trans-Pacific to the West U.S. quotes soared to U.S. dollars 32,000

For trans-Pacific routes up to the west coast of the United States, some carriers charge as much as US$25,000 per 40 feet.

Industry insiders revealed on Monday that the sea freight from Shanghai to Los Angeles was quoted at US$32,000. This news was confirmed by Craig Grossgart, Senior Vice President of Global Shipping of Seko Logistics, “To be honest, I think this is a polite way for carriers to express to customers that they do not want to accept their business.” Grossgart said.?

As the peak season approaches, consignees in Europe and the United States need to prepare for another round of FAK and GRI price increases on July 1 , and pay a peak season surcharge of several thousand dollars.?

The Freightos Baltic Index launched by the Baltic Shipping Exchange and Freightos in the past week showed that the Nordic Freight Index was 10,979 US dollars per 40 feet, and the Mediterranean Freight Index was 11,098 US dollars;

The FBX index on the west coast of the United States is $6,905, and the FBX index on the east coast of the United States is $9,891.

?The World Container Index released by Drewry on the 24th marked the largest increase since its establishment in 2012.?A further increase of 15.9%, reaching $8061.65/FEU, an increase of $1,104,?an increase of 332% over the same period in 2020.

?However, as additional costs and a large number of other costs increase, the gap between the spot market index and the actual payment rate is widening every week. In other words, if you want to ship, the actual price you give is much higher than the price announced by the market.

FBX?Nordic Mediterranean

FBX?US East US West

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