Two pieces of news, trends and reasons for changes in ocean freight rates!

Two pieces of news, trends and reasons for changes in ocean freight rates!

The price increase for the entire route this time mainly started from South America. The main reason for the price increase in South America is that Brazil will continue to impose tariffs on Chinese new energy vehicles in July and in the future. BYD is expected to build a factory in Brazil with an estimated 20000 containers to be shipped, resulting in insufficient transportation capacity. COSCO withdrew its ships from West Africa to South America, which in turn led to a general increase in West Africa! In addition, the US election has claimed to impose 50-60% tariffs on China in the future, which has led to some Chinese companies increasing their investment in South America!

The cargo volume in Europe is relatively stable, but due to the impact of the Hu Sai Red Sea crisis and long shipping schedules, there is an increase in the number of ships that need to be operated, which will also cause relatively tight transportation capacity. Taking into account objective factors, the subjective tacit understanding of ship owners to group together and raise prices is also a major factor this time!

Based on experience and current future price trends of some shipping companies:

1. South America is expected to maintain the price increase trend until early June (Mexico is expected

Large cabinet 6000, Brazil 8000)

2. It is a bit difficult to reduce prices relatively steadily in the Middle East, and there are currently resistance to price increases

Slightly decreased or maintained

3. European shipping companies have a strong willingness to raise prices, supported by a small amount of cargo volume.

The shipping company has 2-3 non-coming ships every month, which has a greater impact, CMA

There are two ships that do not go to Hamburg, which makes it difficult to find a Hamburg position lately. pre

It can't go up in June, and it's expected that the big cabinet will be 5,000 in late May

4. Southeast Asia is rising slightly, and it is expected to rise by $50 per week

5. Africa is affected by the reduction of shipping capacity and the general rise of shipping companies

Like East Africa, 3500-4000 is expected to be about the same.

Maersk adjusted the peak season surcharge for the Southeast Asia-West Africa route in June

Origin: Malaysia, Indonesia, Singapore, Vietnam

South Africa, Cambodia, Thailand, Myanmar, Laos

Destinations: All West African ports, including Senegal, Guinea

Asia, Mauritania, Gambia, Liberia, Salali

Aang, Cape Verde Islands, Mali, Nigeria, Ghana, Kote

Diwa, Benin, Togo, Niger, Burkina Faso, Ango

Latin America, Cameroon, Congo, Democratic Republic of the Congo, Equatorial Guinea, Canada

Punta, Namibia, Central Africa, Chad

Levy standard: USD3000 every 20 feet; USD3000 every 40 feet

Effective date: June 1, 2024