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Asia - Europe route freight record high

Time:2021-05-31 Publisher:Kevin Num:4896

Shipping rates for shipping containers from Asia to Europe have topped $10,000 for the first time, setting a new record.

On May 27, Drewry reported that the quoted price of shipping a 40-foot container from Shanghai, China, to Rotterdam, the Netherlands, rose to $10,174, up 3.1% from last week.

Market rates are already sky-high but continue to rise. The European line has announced an increase of $500 per case (20 ft container) and $1000 per large case from June 1st.

The shipping company has indicated that the American line will also increase on June 1st, but no offer was made as late as 27th.

The freight rate in Asia-Europe route exceeded $10,000 for the first time

According to Drewry's World Container Index, shipping prices for a 40-foot container from Shanghai to Rotterdam have jumped 485 percent compared with a year ago. The index, a composite of eight major shipping routes, rose another 2 percent to $6,257 from the week before, for an annual gain of 293 percent. That's the highest level since 2011, Drewry said.

This year, many shippers in the United States and elsewhere are reportedly paying more than $10, 000 per container, with pricey add-on fees to ensure on-time delivery, guarantee delivery and other items are loaded.

Shares in Maersk, the world's largest container ship company, hit an all-time high earlier this week; Shares in ZimIntegrated Shipping Services, an Israeli Shipping company that listed in late January, have soared this month, tripling from the $15 a share it listed at.

Not only Asian routes, combined rates tracking eight major routes also hit a new high. Drewry's composite index of eight major airlines was at $6,257, up 2 percent from the previous week and 293 percent from a year ago.

Shenzhen Yantian Container (Container) Terminal does not accept the entry gate of export containers from 25 BBB 027. From 28 to June 3, the export heavy containers can only enter the port within four days of the scheduled arrival time of vessels.

A shipping company revealed that since this year, shipping companies have been evacuations of goods from Los Angeles on the west coast of the United States to ports such as Oakland and Seattle on the northwest coast, resulting in the congestion of these ports.

Class in the industry, said the global ship, ships can't arrive on time port, but due to the trade demand, such as the shipper is on schedule to send container wharf, cause port area container accumulation, container trailer long lines, the company had to put the container inland container terminal evacuation, but the problem of insufficient tow-truck driver, At present, many international ports have restricted ships to two days before delivery into the dock.

Shipping companies have also pointed out that the container shipping market is deteriorating and shippers need to be prepared for the worst, especially with the expected expansion of the epidemic among crew members. 

At present, the waiting time of Shenzhen is 3~7 days, and the most efficient Shanghai Port also has the phenomenon of waiting for 1 day.

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