The freight rate of the US route increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to drop before 9 months
The Sino-US trade rebounded, and the number of sea containers sent from China to the United States increased by 46.5% to 980,834, accounting for about 60% of the Asian traffic.
Judah Levin, the research leader of Freightos, a digital container freight platform, said: “The uninterrupted demand for ocean freight and the resulting delays and container shortages.
Spot prices on all major trade routes this week hit new highs again. "
The congestion of the three major ports in the West America has intensified. Gene Seroka, the executive director of the Port of Los Angeles, said: April was the busiest month for the Port of Los Angeles in 114 years. It is worth noting that the port’s import and export ratio in April was almost 4.3:1. It is unprecedented in Los Angeles. He added that the fight for empty containers continues, with more than 342,000 empty container units being resettled back to Asia in April.
The freight rate of the US route increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to decline before September, the freight rate of the US line increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to drop before 9 months
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Today, the number of ships in Los Angeles has exceeded 100, reaching 125. Hapag-Lloyd has announced to hop from the port of Auckland. The world's major routes, especially the US and European routes, are still hard to find in one box and hard to find in one cabin! Frequently exploded and dumped cabinets, shipping costs soared!
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U.S. container cargo volume increased by 46.5%! A record high
According to data released by the American research company Descartes Datamyne on May 11, in April this year, the volume of maritime container shipments from Asia to the United States increased by 32.1% from the same period last year to 1,65,443; the volume of transportation increased for 10 consecutive months. A single-month historical record in April of previous years.
The freight rate of the US route increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to decline before September, the freight rate of the US line increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to drop before 9 months
According to the latest data from the Los Angeles port signal platform on the 13th, the estimated volume in the past three weeks is still on the rise.
In terms of regions, the number of sea containers sent from China to the United States increased by 46.5% year-on-year to 9878334, accounting for about 60% of Asia’s traffic volume; Vietnam increased by 35.5%, Thailand by 13.9%, Japan by 8.5%, and India An increase of 76.4%, the highest growth rate among the 10 major countries and regions.
The freight rate of the US route increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to decline before September, the freight rate of the US line increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to drop before 9 months
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What needs to be mentioned is that, as China's third largest trading partner, the growth rate of trade between the United States and China this year is significantly higher than that of other trading partners. The total value of Sino-US trade in the first April of 2021 was 1.44 trillion yuan, an increase of 50.3%. Among them, China's exports to the US were 1.05 trillion yuan, an increase of 49.3%; the imports from the US were 393.05 billion yuan, an increase of 53.3%.
The freight rate of the trans-Pacific route soared, and the US West exceeded US$9,000
Last year, when the freight rate on the Eastern Route of the United States exceeded US$5,000, everyone felt it was a sky-high price, but now we look back...Sino-US trade is currently so hot, and the price of containers shipped to the United States is soaring.
"Beginning in April this year, the'difficult to find one box' has once again troubled us. Not only were we unable to book a container in May, but the asking price for a container on the US-Western route was US$9,000, nearly double that at the end of last year. The orders received by the factory at the beginning of the year were equal. Shipping." A cross-border e-commerce seller couldn't help calling "too difficult."
As of May 13, the Freightos Baltic Daily Index launched by the Baltic Shipping Exchange and Freightos showed that the spot freight rate for the Asia-West Coast route was US$5,650/FEU. This is a 15% increase from the beginning of this month and a 70% increase from the prices in August and September last year. Today's freight rate is 3.2 times that of mid-May 2020, a year-on-year increase of 228%.
The freight rate of the US route increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to decline before September, the freight rate of the US line increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to drop before 9 months
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Due to the long route through the Panama Canal from Asia to the East Coast of the United States, Freightos' spot freight rate on May 13 was 7,435 USD/FEU, a year-on-year increase of 171%. On Tuesday, it hit an all-time high of $7,555/FEU. If additional costs are added, paying approximately US$10,000 per FEU seems to be the new normal for Asia-East Coast freight.
The freight rate of the US route increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to decline before September, the freight rate of the US line increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to drop before 9 months
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Freight rates in Asia-Europe routes have also soared
Compared with the situation in Europe, the rate of increase in freight rates in the United States is insignificant. Since the "Ever Given" accident occurred, the freight rate from Asia to Europe has risen from a very high level, which has seriously affected the volume of cargo and the turnover of containers.
According to Frieghtos, the Asia-Northern Europe freight was $8,345/FEU on May 14, a year-on-year increase of 493%, which was 5.9 times the amount in mid-May 2020. Among all major trade routes, Asia-Northern Europe experienced the largest increase in freight rates. Among them, the freight rate of the Asia-Mediterranean route was US$9,387/FEU, which was 4.8 times that of the same period last year and increased 377% from the same period last year. Drewry estimates that the current Shanghai-Rotterdam freight rate is 8976 USD/FEU, a year-on-year increase of 539%, and the Shanghai-Genoa freight rate is 8943 USD/FEU, a year-on-year increase of 471%.
The freight rate of the US route increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to decline before September, the freight rate of the US line increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to drop before 9 months
shipping from china to amazon
The freight rate of the US route increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to decline before September, the freight rate of the US line increased by 46.5%! The western United States rose above $9,000, and the eastern United States has exceeded 10,000! Difficult to drop before 9 months
shipping from china to amazon
Why did ocean freight prices rise so much? The main reason is still the shortage of containers and the shortage of space in ships. However, many freight forwarders pointed out that in the case of Maison, the prices on the market are so expensive that they are dumped out by reselling space. Some freight forwarders said that it is difficult to grab the space on the US line now, and there is even a scalper job who brushes the box number of a container, and the commission ranges from 1,000 to 2,000.
But this is only the tip of the iceberg. In fact, not only the U.S. routes, but the global maritime container freight rates are also rising wildly. At present, the freight rates of 80% of the global routes are soaring! According to analysis by industry insiders, it is difficult for container shipping prices to drop before September this year.
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