West America has fallen to $4,600, and European freight rates have also dropped significantly
Senior executives of major freight forwarders recently pointed out that the current market freight rate has fallen to a low of $4,600 to $4,800 this week due to a surplus of ships in central China, while southern China has remained around $6,000 thanks to the support of e-commerce cargoes. European freight rates have also fallen significantly, currently hovering between $6,500 and $7,500, and the overall freight market is showing a chaotic and continuing downward trend.
With the continuous delivery of new ships, the market rate has been described as "no minimum, only lower", and continues to adjust downward. Some flights even offer special prices to attract cargo, but even so, the load rate of flights is only between 80 and 90 percent. It is worth noting that compared with the pre-epidemic period, although the loading rate is similar, the current freight rate is still well above the cost price of nearly twice, and the shipping company is maintaining the high freight level through cabin regulation and continuous attempts to increase the price strategy.
In addition, the shadow of the Canadian rail union strike also hangs over the freight market. In order to avoid conflict, the railway company took precautionary measures in advance and officially stopped operations in the early morning of the 22nd Canadian time. While no significant impact on freight rates has been directly observed, industry insiders warn that if the lockout or strike extends beyond four days, it is expected to have a significant impact on freight rates.
In the context of widespread concern about the strike action, major liner companies have laid out in advance and adopted a series of emergency measures to mitigate the potential impact on customers' business.
Hapag-lloyd was the first to announce a special arrangement for imports into North America. Hapag-lloyd will charge an additional transfer fee of $350 per bill of lading for containers already on the water and destined for a Canadian port for delivery in the U.S. Interior. In addition, the company actively advises customers to explore other trucking options within Canada to spread their logistics risk. At the same time, Hapag-Lloyd encouraged exporters to consider U.S. ports as loading points as part of a strategy to prevent the impact of the strike.
Another shipping giant, CMA CGM, also issued a detailed response notice, specifying a number of key measures. These include the possibility of diverting ships originally scheduled to call at Canadian ports to US ports to reduce delays caused by the strike. At the same time, the company has also decided to implement an intermodal cargo embargo policy across its global network, particularly for dangerous goods and temperature-controlled containers, to ensure transport safety and efficiency.
It is worth noting that the Canadian rail system plays a pivotal role in container transportation. The Port of Vancouver, for example, relies on rail for about two-thirds of its cargo. As a result, the Port of Vancouver has made it clear that any strike action would have a "significant" impact on normal port operations, highlighting the importance of the rail system to Canada's logistics chain.
With the continuous delivery of new ships, the market rate has been described as "no minimum, only lower", and continues to adjust downward. Some flights even offer special prices to attract cargo, but even so, the load rate of flights is only between 80 and 90 percent. It is worth noting that compared with the pre-epidemic period, although the loading rate is similar, the current freight rate is still well above the cost price of nearly twice, and the shipping company is maintaining the high freight level through cabin regulation and continuous attempts to increase the price strategy.
In addition, the shadow of the Canadian rail union strike also hangs over the freight market. In order to avoid conflict, the railway company took precautionary measures in advance and officially stopped operations in the early morning of the 22nd Canadian time. While no significant impact on freight rates has been directly observed, industry insiders warn that if the lockout or strike extends beyond four days, it is expected to have a significant impact on freight rates.
In the context of widespread concern about the strike action, major liner companies have laid out in advance and adopted a series of emergency measures to mitigate the potential impact on customers' business.
Hapag-lloyd was the first to announce a special arrangement for imports into North America. Hapag-lloyd will charge an additional transfer fee of $350 per bill of lading for containers already on the water and destined for a Canadian port for delivery in the U.S. Interior. In addition, the company actively advises customers to explore other trucking options within Canada to spread their logistics risk. At the same time, Hapag-Lloyd encouraged exporters to consider U.S. ports as loading points as part of a strategy to prevent the impact of the strike.
Another shipping giant, CMA CGM, also issued a detailed response notice, specifying a number of key measures. These include the possibility of diverting ships originally scheduled to call at Canadian ports to US ports to reduce delays caused by the strike. At the same time, the company has also decided to implement an intermodal cargo embargo policy across its global network, particularly for dangerous goods and temperature-controlled containers, to ensure transport safety and efficiency.
It is worth noting that the Canadian rail system plays a pivotal role in container transportation. The Port of Vancouver, for example, relies on rail for about two-thirds of its cargo. As a result, the Port of Vancouver has made it clear that any strike action would have a "significant" impact on normal port operations, highlighting the importance of the rail system to Canada's logistics chain.
