• SIGN IN
  • 中文站
  • }

    The Freight Rate of Hot Routes Fell Further From Record Highs

    9-Mar-2021 Source: Jctrans
    According to the latest data show that hot route Asia to Europe and Asia to the United States at the spot rate also fell further from record highs, but expected for a period of time will remain high.

    According to the report, The freight rate of the route from Northern Europe to North America East Coast across the Atlantic route ocean, has returned to the level before the outbreak, according to the latest data show that hot route Asia to Europe and Asia to the United States at the spot rate also fell further from record highs, but expected for a period of time will remain high.


    1615273088(1).jpg


    The cost of shipping 40' containers from Asia to Northern Europe fell to $7,948 in the week, according to data from the Freightos Baltic Index, but to Mediterranean ports fell only to $7,931.

     

    image.png


    In addition, many cargo owners and shippers are still forced to pay extra charges to keep containers available, often a $2,000 'departure fee' at British ports.


    A year ago, the Nordic and Mediterranean FBX indices were trading at $1,453 /FEU and $2,101 /FEU, respectively. So far, rates are still high.


    Meanwhile, in the trans-Pacific region, the FBX index rose to $4,514 / FEU after falling to the U.S. West Coast, while rates to East Coast ports fell 2.5% to $5,607 / FEU. Freightos expects the drop to be temporary, given the strong demand for trade.


    image.png


    At least 35 to 40 ships were moored off the west coast of the United States last week.Congestion at U.S. ports continues and continues to spread to ports outside North America.


    Meanwhile, freight rates outside of Asia have fallen since the end of February, according to the FBX, with Pacific eastbound spot rates falling from a high of $4,922 / FEU on Feb. 26 to $4,197 / FEU on March 4. However, by March 8, spot rates had surged again to $4,514 / FEU.


    "Although rates are coming down, they are still going to stay high for some time," said Judah Levine, head of research at Freightos."With US retail inventory levels still very low, it may take until the end of the year to restore inventories to normal levels."


    Citing two historical trends, Sea-Intelligence, a shipping consultancy, concludes that the surge in container rates is likely to continue until the spring of 2022. "The surge in container rates and high demand for container ships and equipment is likely to continue at least until next spring," it says.Rates on U.S. routes could rise another 25 percent.

    0
    Comments:0
    Report this news
    Malicious Attack
    Marketing Advertisement
    Illegal Information
    Others
    Submit Review

    FAQ Contact Us About Us Site Map Complaints/Suggestions Privacy Policy Case Studies

    Copyright © www.jctrans.net All rights reserved.Registration Number:10030028-1