Sunya Global Logistics：Shipping News-Africa Line

Market Price Trends

West Africa

1 Space： Plenty

2 Route Information： As previously analyzed, with the end of the month approaching, shipping companies are frequently reducing prices to attract more pre-holiday shipments. Despite the increase in pre-holiday cargo volumes, shipping companies have sufficient capacity to meet market demand. For example, for MSC’s 38th-week voyage MSC ELAINE FY436A, with a cut-off date at Nansha/Shekou on September 23, the freight rate for the Nigeria route has dropped to around USD 5000, while rates for main ports are about USD 4000. Maersk (MSK), with a cut-off date of September 21, has reduced its rates by approximately USD 250 to 500. COSCO, ZIM, OOCL, and ONE, following their joint vessel cut-off on September 20, have also made significant price adjustments. Additionally, at the end of the month, the alternating operation of large and small vessels will commence.

East Africa

1Space：Plenty

2Route Information： Towards the end of the month, East Africa sees even steeper price cuts. Mombasa ONE has a price reduction of USD140/400, with prices hovering around 3k, while Dar es Salaam's prices are around 4k. It is expected that the trend of price reduction will continue in the future.

South Africa

1Space：Plenty

2Route Information： Towards the end of the month, South Africa sees even steeper price cuts, with Durban and Cape Town experiencing a price reduction of USD100/200. It is anticipated that the trend of price reduction will continue in the future.