The freight rate of container shipping on the European line on May 1 has soared by 30 to 40%, and the price per large box has increased by more than 800 | ETtoday Financial News | ETtodayAMP

▲The freight rate of container shipping on the European line on May 1 has soared by 30% to 40%, and the price per large box has increased by more than 800 (Photo/Keelung Port Branch)

Reporter Zhang Peifen/Reporting from Taipei

Executives from two large cargo canvassing companies pointed out that the European line shipping companies have announced today (25th) the European line freight rate for May 1. Each large box will be increased by approximately US$800-1,000, with quotes ranging from US$3,600-4,200. , which is 30% to 40% higher than this week’s US$2,700-3,000. There is only one quotation from American Line today, and each large box will increase by US$1,000. However, because this company has a large bargaining room, the actual amount received on May 1 will be announced tomorrow at the earliest.

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In previous years, May was the off-season for the container shipping market, but this May, container shipping valuation companies launched a massive price increase. Even mainland CCTV Finance made a special feature to discuss why shipping companies collectively issued price increase letters, and even increased by nearly 70%. of. In the mainland market, some shipping companies have proposed a price increase of US$2,000 per large box.

CCTV reported that industry insiders believed that this round of price increases was greatly affected by the Red Sea crisis. Many container shipping companies have chosen to abandon the Red Sea and bypass the Cape of Good Hope. Taking the Far East to Europe route as an example, due to the detour, the ship’s one-way transportation time has been extended by 8 days and fuel costs have increased by US$650,000. Therefore, many cargo owners with urgent shipments will choose rail freight as an alternative.

Experts interviewed by CCTV Finance believe that the current export container shipping index is still fluctuating and rising, but in the long run, freight rates lack the motivation to rise significantly. Zhang Yongfeng, Chief Consultant of Shanghai International Shipping Research Center: The entire container shipping is now in a trend of rising and falling, because more and more ships are returning from the Red Sea, including the impact of a large number of ship launches on the market. This impact is increasingly Appear.

According to the analysis of my country’s cargo shipping industry, in order to maintain the normal operation of European and Mediterranean routes, shipping companies have transferred some ships to European routes. In addition, they have also reduced flights and empty ships, which has made the space on European and American lines tight and freight rates rising. A certain large shipping alliance has recently canceled a group of ships on the southwest coast route of the United States, saying that it will be transferred to support the European route. Therefore, it is estimated that the freight rate adjustment on the American line may also be very high during the May Day wave.

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On the other hand, shippers are counting on Wan Hai Shipping to play a role in lowering market freight rates. In the next two weeks, Wan Hai Shipping’s US-Western Line will not have ships returning to Taiwan for loading, which may be due to the implementation of May 1st work reduction. Therefore, it is estimated that market freight rates will remain high. Got off.

On the other hand, European land line importers are worried about whether there will be another conflict between Iran and Israel, so they buy goods in advance to replenish their inventory and prepare for summer sales.

The shipping company pointed out that the freight rate for the European line is based on the day of shipment, which will be shipped next Tuesday, so today’s quotation is considered a definite figure; the freight rate for the American line is based on the day of entry, and there is still more time. , so the price quoted today is not yet calculated.