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The shipping boom is coming, and the freight rate may soar ?

Time:2022-05-23 Publisher:Kevin Num:3284

According to relevant sources, at present, the epidemic situation in Shanghai port has been slowly controlled, and the port operation is gradually returning to normal. Will this be a signal of a rebound in global freight rates?

According to Drury's latest analysis, the epidemic and port congestion have brought huge problems to the global container shipping. Due to the widespread congestion, the global container distribution system has been seriously affected.

Analysts of the agency said that at the beginning of the epidemic, the attachment of ships had little impact on Shanghai port, but the reduction of the number of ships docked has accelerated since mid April.

Due to the impact of the epidemic, nearly 260000 TEU Container goods were piled up in Shanghai port in April this year. As the port gradually returns to normal operation, a new round of shipment boom is likely to reappear.

According to the current situation, the shipment volume in the second quarter of this year is actually relatively objective. If it comes to the peak shipping season in the third quarter, the shipment volume and freight rate are expected to rise further.

It is understood that the daily container throughput of Shanghai port has reached nearly 120000 TEU, returning to 90% of the normal. The number of freight trucks transported to the port has reached 78000 a day, returning to two-thirds of the normal.

With the strong support of the Chinese government, the manufacturing industry will focus on shipping. The shipping industry is expected to usher in relatively strong market demand. At that time, the pressure on the supply chain may increase and the freight rate will rise.

But, the recent Shanghai export container freight rate index can also well reflect this trend. In particular, the freight rate of the route from the Far East to the west coast of the United States has stopped falling and picked up, and the freight rate has risen to $7900 per TEU.

Industry insiders pointed out that the higher freight rates from the Far East to the west of the United States were mainly due to the successive unsealing of Shanghai and the successive delivery of some goods to the west coast of the United States, which led to a slight rise in freight rates.

With the recovery of freight volume, will the global supply chain begin to be tense again?

Traditionally, the third quarter is the peak of annual shipments, as retailers accumulate inventory before the holidays and shopping season in the fourth quarter.

Last year, the increase in freight volume led to record delivery delays, port congestion and the reliability of container transportation services.

Christian roeloffs, founder and CEO of container xchange, said that after the epidemic was controlled, trade and economy would resume normal operation. With the shipment of overstocked goods, the shipment volume will surge.

If these backlog orders are superimposed with peak season orders, it may lead to supply chain congestion in the already congested ports of Europe and the United States.

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