Shipping companies are brewing a new wave of price increases from June 1,2021

"Affected by factors such as insufficient labor caused by the spread of the #epidemic abroad, ports in the United States, Europe and other places have experienced severe congestion since the fourth quarter of 2020. For example, the most congested ports in the United States, Los Angeles Port and Long Beach Port, currently waiting for more than 30 container ships, 85 % Of ships need to anchor for at least 8 days to operate; container cargo stays at the terminal for up to 2 months; and European routes generally call at multiple ports. Due to congestion in major ports of call, the entire journey time is lengthened."

"Foreign ports are congested, the logistics supply chain is disordered, and the efficiency is reduced. This has led to large-scale delays in container liner schedules. The on-time rate has dropped from more than 70% to the current 20%, which has seriously affected the operational efficiency of container ships. The capacity of container ships is in conflict with the supply and demand of empty containers.

It is worth mentioning that, in the current situation of "surging sea freight", shipping companies are brewing a new wave of price increases.

Taking Hapag-Lloyd as an example, the general freight from East Asia to the United States and Canada has been increased. According to the announcement, from June 1, 2021 (the date of receipt at the origin), Hapag-Lloyd will increase the general freight rate (GRI) from East Asia to destinations in the United States and Canada. Suitable for dry, refrigerated, non-operational refrigerated, tank, flat rack and open top containers.

Anyone customer who have plans to ship in the near future, please tell each other and make preparations early!