in global tradepokerplaceA storm in 2000 is causing tight shipping container capacity, causing sea freight to suddenly soar, which caught people off guard.
Entering May, China-Europe freight trains began to raise prices significantly, and the prices of European routes of various freight trains companies have increased by 10%-20%.
"The increase in freight rates for China-Europe freight trains is mainly caused by the increase in shipping prices, which is mainly affected by the Red Sea crisis. The Red Sea incident has increased the cost of shipping detours, and the crisis intensified in March and April this year, causing shipping prices to rise sharply." Hao Panfeng, deputy secretary-general of the China Container Industry Association, told reporters.
Not only that, Hao Panfeng said that due to the detour of the Red Sea crisis, the container turnover rate has dropped and a large number of containers are in transit, which has also led to an increase in container prices, so that the overall shipping price has increased significantly.
CITIC Construction Investment Securities 'research report on May 27 stated that freight rates on multiple routes such as the Asia-Europe and the United States continue to rise.
Due to market uncertainty caused by the Red Sea crisis and the recent increase in GRI by several shipping companies, shipping costs departing from Asia are rising.
CITIC Construction Investment said that although compared with the same period last year, the overall transportation capacity remained stable except for the Asia-Europe route, but the other routes remained stable, as ships were affected by the situation and needed to detour the Cape of Good Hope, resulting in extended transportation times. Therefore, the Asia-Europe route and the Trans-Pacific route require the deployment of more ships, creating expectations for tight shipping spaces in the market.
CMA and Maersk issued price increase letters in June, and CMA's FAK offer rose to 3200/6000 after the shipping date on June 1 (up 500/1000 from the previous period). Maersk's FAK offer for post-June shipping is 2825/5500 (up 300/600 from the previous period).
The Tianfeng Securities Research News pointed out that since late April, ships have been diverted, suspended, and blocked ports. The recovery of freight demand, peak seasons, and rush to transport have driven a sharp increase in freight rates. Freight forwarding companies and multi-purpose ships in the shipping industry chain may benefit.
Shipping related companiespokerplace：
Orient Overseas International (00316), Pacific Shipping (02343), COSCO Haikong (01919), COSCO Haineng (01138), CIMC Group (02039), etc.