Freight rates will climb at the end of August?

A container company’s analysis of the current state of the container shipping market states: Congestion in European and American ports continues to increase, resulting in a decline in effective shipping capacity. Because customers are worried that they will not be able to obtain space, the same ticket will be booked with several different companies, causing the booking volume to be multiplied several times. The volume is 400% of the space. In such a hot market, it is estimated that the market freight rate will rise by the end of August.

The report notes that the situation in Shanghai is normalizing but remains volatile and unpredictable, which, combined with strikes in Europe and continued congestion at North American ports, means that customers are demanding flexibility and agility more than ever. big.

Strikes in Germany, particularly in Bremerhaven, Hamburg and Wilhelmshaven, have added to the chaos caused by ship delays. At the Port of Rotterdam, shipping companies are exploring other options to ease congestion, including off-dock options and diverting cargo to other ports, including Zeebrugge and Gdansk, or adjusting voyages. Trade demand in Northern Europe is stable, but service networks are under severe pressure due to port congestion, exacerbated by high yard density and holiday labor shortages. The situation was further exacerbated by strikes, especially in Germany.

For shipments to the Asia-Pacific region, Chinese terminals are operating normally. The average waiting time for ships in Asian ports is 0-3 days, but the possible disturbance caused by typhoons, especially in South China ports, may cause delays of 1-2 days. As ports in Europe and North America continue to face congestion, cargo imports from Asia could also face delivery delays.

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Post time: Aug-02-2022