Since the shipping crisis triggered by the Red Sea situation in mid-December, freight rates on European routes have soared rapidly. However, with the approach of the Spring Festival, the pace of shipments slowed down, and the European freight rate began to fall.
According to the Shanghai Export Container Freight Index (SCFI), the SCFI composite index fell to 2179 as of January 26At 09 points, the weekly decrease was 27%。
Source: Shanghai Shipping Exchange Invasion and deletion.
According to the latest data of the SCFI Container Freight Index, the freight rate from the Far East to Europe was $2,861 per TEU (20-foot container), a decrease of 56%；The freight rate from the Far East to the Mediterranean was $3,903 per TEU, down 40%。
In contrast, rates on the North American route remain firm. The freight rate per 40-foot container from Shanghai to the East and West of the United States is **213% and 241%, the increase narrowed slightly.
Data**: Shanghai Shipping Exchange invaded and deleted.
The Ningbo Shipping Exchange's Ningbo Export Container Freight Index (NCFI) closed at 15663 points, compared to the previous ** 50%。
Due to the approaching Spring Festival holiday, the pace of shipments of shippers has slowed down, and the company has taken the initiative to reduce prices to increase the freight rate of European routes. The freight index of the European route is 18900 o'clock, **72%；The freight index of the eastern route is 18957 o'clock, **57%；The freight index of the western route is 23187 o'clock, **83%。
Source: Ningbo Shipping Exchange.
The relationship between supply and demand on North American routes is good, and spot market bookings** remain stable and volatile overall. The freight index of the US East route is 22185 points, **02%；The freight index of the USWC route is 25859 o'clock, **17%。
The freight demand of the Middle East route continues to decrease, and the company prepares for the off-season market hoarding in the later period, and chooses to reduce the price to collect goods, and the market freight rate continues. The Middle East route index is 12129 o'clock, **115%。
In terms of capacity, the supply of container capacity has maintained growth, and the increase in European capacity has been larger. As of January, the total global container capacity is about 2,78290,000 TEU, with an annual growth rate of about 797%。The capacity continues to grow, and the recent increase in Europe is even greater, and the average age of existing container ships is about 1416 years.
In terms of port congestion, the current global port congestion capacity is about 7.95 million TEU, an increase of 1 year-on-year61%, with congestion capacity accounting for 28 percent of all fleets41%, port congestion is currently basically stable, with a slight decline.
Among them, the U.S. line has recently seen an increase in congestion due to the improvement in cargo volume. The congestion capacity of the port in the east of the United States is about 77080,000 TEU, about 54 in the western port of the United States190,000 TEU.
Capacity congestion in the eastern U.S. has continued to ease since last year; However, the recent increase in domestic cargo volume at the end of the year, coupled with the drought of the Panama Canal, has increased the congestion rate of major ports. The capacity of domestic port congestion is about 2.63 million TEU.