The Red Sea route is now a hot issue, and there is no doubt that this Red Sea crisis will affect the global maritime logistics landscape.
According to the understanding of the integrated cross-border logistics service provider of Lanmart, in addition to the suspension of sailing and the imposition of surcharges by shipping companies, the shipping costs of other ** routes are also substantial**. According to data from the Shanghai Shipping Exchange (as of January 5), this issue of SCFI reported 189665 points, an increase of 78%。
Sea freight costs for key ** routes:
European route - the situation of tight capacity in the short term is still there, and the current market freight rate continues**.
The freight rate of the Far East to Europe route is 2871 US dollars TEU, an increase of 657％；
The freight rate of the Far East to the Mediterranean route was $3,620 TEU, an increase of $129 or 3 from the previous period7%。
U.S. routes - driven by the freight rates of other routes**, the market booking** continues in this period**.
The freight rate from the Far East to the West of the United States was $2,775 FEU, an increase of $8 from $222 in the previous period7%；
The freight rate from the Far East to the United States was $372 FEU, up $577 or 1045%。
It should also be noted that some international shipping companies have also announced that they will increase container freight rates from January 15, and some companies have proposed to impose transport interruption surcharges.
In general, the future shipping freight rate is bound to continue, and the desire of many shipowner headquarters to increase prices is very high. In this case, the impact of the Red Sea crisis on the shipping market is far more than the freight rate.
The cost of transporting a 40-foot container from the Far East to the Mediterranean rose to $2,320 after the escalation of the situation in the Red Sea, up from $1,865 in early December, according to freight platform XenetaThe cost of a 40-foot container from China to the UK rose to $2,320 from $1,425 in early December.
According to the analysis of professionals, the main impact of the Red Sea crisis on the global freight market is as follows:
1. The voyage and sailing time of some container ships have been extended again;
2. The trend of shipping companies circumnavigating the Cape of Good Hope will continue;
3. Risk spillover leads to freight rates for other routes**.
At present, the impact of the Red Sea situation has lasted longer than the grounding of the Ever Given in 2021, and the problems such as freight rates**, shipping delays, booking difficulties, and delivery delays in the short term cannot be well solved.