Since this year, China’s foreign trade imports and exports maintain growth, but the continuous high temperature of shipping prices, to foreign trade enterprises brought no small pressure, not long ago from a historical high down, but with the recovery of production and consumption in Southeast Asia, now heating up again.
Rising demand has sent shipping rates soaring in Southeast Asia
Chen Yang, a freight forwarder in Ningbo, Zhejiang Province, is booking shipping space in Southeast Asia. The sudden increase of shipping rates in Southeast Asia has made him very worried. As far as he knows, the shipping space in Southeast Asia is very hot and tense now, and the freight price has also risen relatively a lot. Recently, the high boxes are running to three or four thousand dollars, and Thailand is about 3400 dollars.
Chen Yang, general manager of an international logistics co., LTD in Ningbo, Zhejiang Province, said: The freight rates in Vietnam and Thailand, including some ports in Indonesia and Malaysia, have generally risen to more than $3,000. Before the epidemic, the freight rate was only $200 to $300. During the epidemic, it reached more than $1,000. The highest price was more than $2,000 around the Spring Festival of 2021, and the current price should be the highest since the epidemic.
According to the Ningbo Shipping Exchange, the Thai-Vietnam freight index rose 72.2 percent month-on-month in November, while the Singapore-Malaysia freight index rose 9.8 percent month-on-month in the latest week. Industry experts say the resumption of work in Southeast Asia has increased demand and increased freight rates more than expected. Southeast Asia’s skyrocketing freight prices at the same time, just before the fever of China and the United States recently appeared a small rebound. The Shanghai Export container freight index, which reflects spot freight rates, stood at 4,727.06 on Dec. 3, up 125.09 from a week earlier.
Yan Hai, chief analyst of Shenwan Hongyuan Transportation Co., LTD. : It may take about two weeks to make a final assessment of the final impact of an Omicron variant virus, whether it is on overseas terminals or a potential blockade caused by the new outbreak.
Previously, container turnover, slow backflow and “hard to get a case” were one of the reasons for high sea freight rates. How has the situation changed and what are the new problems?
At the container terminal of Yantian Port in Shenzhen, container ships are berthing at almost every berth, and the whole terminal is running at full capacity. Reporters found that in yantian port logistics on the small program, October also occasionally empty box shortage tips, into November has no.
Post time: Dec-10-2021