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May 19, 2021
Maersk predicts that supply chain bottlenecks and shortage of containers due to surging demand will continue until the fourth quarter of 2021, and then return to normal; EVA shipping general manager Huiquan Xie also said previously that congestion is expected to be delayed to the third quarter.
But easing congestion doesn't mean that freight rates will fall.
According to the analysis of Drewry, a well-known British Maritime consultancy, the industry is at the peak of an unprecedented business cycle. Drewry expects freight rates to decline by 2022, but shipping companies will try to maintain high profits due to "favorable supply and demand growth trends and skilled capacity management.".
Seaspan, the world's largest independent container ship owner, said that the booming market in the container shipping market may last until 2023-2024. Since last year, seaspan has madly ordered 37 ships, and these new ships are expected to be delivered between the second half of 2023 and the middle of 2024.
The major shipping companies have recently issued a new round of price increase notice.
My friends, just order what you need. Don't wait. The "Crazy" shipping market can't get rid of the fever in a short time.
In addition to Chinese departure routes, the following notice also includes the increase of freight rates of India, Turkey and other major exporting countries.
Hapag-Lloyd rose GRI from June 1, up to $1200
Hapag-Lloyd announced that from June 1 (the date of receiving goods at the place of departure), the eastbound routes from East Asia to the United States and Canada will increase the comprehensive rate and increase the surcharge (GRI). The cost is applicable to all types of containers, such as dry containers, refrigerated containers, storage tanks, open top containers, etc. The following are the charging standards and the countries and regions involved:
In addition, Hapag-Lloyd also increased the GRI of routes from India, the Middle East to the United States and Canada; Increase the freight rates of routes from Turkey, Greece to North America and Mexico; Impose peak season surcharges on Turkish Nordic routes;
CMA up Asia North America route GRI, up to $1600
Since June 1, CMA has increased the GRI of routes from Asian ports to the United States and Canada, with a maximum increase of US $1600 per container. See the figure below for the specific increase.
MSC raises GRI and fuel surcharges for Asia US routes
MSC has raised the GRI and fuel surcharges for Asia US routes since June 1. The increase range is shown in the figure below.
Wan Hai lines raises the freight rate from China to Asia
From May 22, the freight rate of Wanhai shipping from China to Asia will be increased: USD 300 / 600 / 600 for 20 '/ 40' / HQ, because of the rising operating costs.