Specifically, the European and Mediterranean routes increased by 6.31% and 1.07%, respectively, while the US-West and US-East routes increased by 14.39% and 8.34%, respectively. The most dramatic increases were in South America, South Africa and West Africa, where rates rose by 22.4%, 22.25% and 26.65%, respectively.

In an in-depth analysis of the current maritime market situation, the freight forwarding industry pointed out that ship capacity has been affected by geopolitical tensions in the Middle East and ship detour (nearly 3,400 ships have been forced to change routes so far), resulting in a decrease in turnover. Initially, ships tended to choose high-rate routes, but this crowding out effect pushed up rates on other routes as well. At the same time, shipments in Europe and the United States exceeded expectations, in addition to the need to replenish inventory, geopolitical and other uncertainties may also prompt customers to increase safety inventory and advance shipments, which together promote the rise in freight rates.

Tensions in the Red Sea are continuing to have an impact on global shipping trade, with global freight rates soaring amid an imbalance between supply and demand in the current maritime market. Among them, the European line shipping prices soared, May 16 intraday, the European line futures prices once rose to a high of 4321.9, once again hit a new high since the listing, the highest increase of 218% in the year.

The backlog of goods exports is quite serious, I am afraid that it will affect subsequent orders. Industry insiders said that at present, freight rates continue to rise, the current shipping space is difficult to find, the demand is too strong, the serious imbalance between supply and demand, coupled with the Red Sea crisis, port congestion and other problems, freight rates may rise another wave.