The article comes from: www.csi.com.cn

Freight rate to end the three consecutive decline, to achieve two consecutive rises! The latest Shanghai Container export freight Index (SCFI) returned to 1,000 points after the previous period, and continued to rise again in this period, which was also the second consecutive week of higher, and the index came to 1032.21 points, up 21.4 points, or 2.12%.

A number of freight forwarders said that the European inventory is gradually revised to a healthy level, coupled with the shipping company to reduce shipping, cabin control, in mid-December some ships have appeared full,promoting freight rates rose for two weeks. Earlier, a number of shipping companies announced an increase in FAK rates on December 15, and then recently adjusted to January 1, but the freight rate rose again, an increase of 300 to 500 US dollars is 2-5 percent of the previous. During this period, a growing number of shippers reported that they could no longer book their December slots on the online booking platforms of shipping companies, mainly due to shipping companies trying to squeeze the market by cancelling about 40 percent of their flights from China.

Industry insiders pointed out that the current volume of goods on the market is really not much, and it is entirely dependent on shipping companies to reduce shifts and reduce cabins to stabilize freight rates. Relatively speaking, the cargo volume of the United States line has not increased significantly, and the United States East has increased the pumping ship control cabin power, coupled with the Panama Canal port blockage and the Suez Canal factor, effectively supporting the freight rate. In THE West of the United States, there were no ships to the port on the West Line last week, and non-alliance ships bidding for goods fell into a shock pattern. At present, the southwest route of the United States is also full, and a number of shipping companies have issued a price increase notice, an increase of about 200 to 300 US dollars per 40 feet container.

Logistics practitioners said that November and December are the two months with the lowest demand for containers, and airlines reduce shifts and cabins to reduce the impact of insufficient volumes; At present, the eastern United States has begun to be affected by the Panama Canal drought, and the eastern United States freight rate has been supported in the case of the failure to increase cargo volume in December. Mr Delury expects spot rates on east-west routes generally to remain close to current levels in the coming weeks.