In December, the star of the market, the European line of the container transportation index was bullish, and the main contract EC2404 has seven daily limits, rising from more than 700 points all the way to more than 1700 points.
The container freight index is the Shanghai container freight index, and the European line is the transportation cost to European ports, with the highest being more than 10,000 points and the lowest being more than 700 points.
Taking the port of Rotterdam, one of Europe's basic ports, as an example, the Shanghai-Rotterdam sea distance is 10,667km, and the sea voyage time is about 30-35 days.
Circumambulation of the Cape of Good Hope route: Shanghai - South China Sea - Strait of Malacca - Bay of Bengal - Indian Ocean - Cape of Good Hope - South Atlantic West African Coast - North Atlantic - Europe.
Giant ships with a deadweight of more than 250,000 tons are currently unable to pass through the Suez Canal and need to go around the Cape of Good Hope at the southern tip of Africa, and the Shanghai-Rotterdam journey is about 1At 40,000 km, it takes about 10 days to go around the Cape of Good Hope than to go through the Suez Canal.
At present, the market has announced that the booking rate for early January next year is 2000-2200 US dollars TEU, 4000+ US dollars FEU, which is about 2000-2100 points when converted into SCFIS (European line) index.
The Red Sea problem directly caused the transportation cost of the European line to increase by 30% to 50%, the round-trip time was extended by 20-30 days, and the backlog of goods at the port exacerbated the shortage of transportation capacity, and the freight rate rose sharply.
If the Red Sea problem cannot be solved for the time being, the freight index will remain high, and extreme ** will be found.