It is reported that due to the impact of the week-long Suez Canal obstruction, the capacity of ships and equipment in Asia has been restricted. This week, the spot freight rates of Asia-Europe containers have ”dramatically increased.”
On April 9th, the Ningbo Container Freight Index (NCFI) in Northern Europe and the Mediterranean rose 8.7%, almost the same as the 8.6% increase in the Shanghai Container Freight Index (SCFI).
NCFI’s comment said: “The shipping companies collectively pushed up the freight rates in April, and the booking prices rose sharply.”.
According to Drewry’s WCI index, the freight rate from Asia to Northern Europe increased by 5% this week, reaching $7,852 per 40 feet, but in fact, if the cargo owner can find a route to accept bookings, the actual cost will be much higher. .
WestboundLogistics, a freight forwarder based in the United Kingdom, said: ”Real-time space prices are rising, and long-term or contract prices are practically worthless.”
“Now the number of ships and spaces is limited, and the situation of different routes is different. Finding a route with space has become a difficult task. Once the space is found, if the price is not confirmed immediately, the space will soon disappear.
In addition,the shipper’s situation seems to get worse before the situation improves.
At yesterday’s press conference, Hapag-Lloyd CEO Rolf Haben Jensen said: ”In the next 6 to 8 weeks, the supply of boxes will be tight.
“We expect most services will miss one or two voyages, which will affect the available capacity in the second quarter.”
However, he added that he is ”optimistic” about ”returning to normal in the third quarter”.
Post time: Apr-13-2021