Freight rates on European routes rose 20% in the past week, and North American routes are still falling
After the continuous decline in freight rates, European route freight prices rose by 20% in nearly a week.
According to the Shanghai Shipping Exchange released Shanghai export container comprehensive freight index (SCFI), on November 29, SCFI closed at 2233.83 points, up 3.4% from a week ago, mainly due to the surge in European route freight.
Shanghai Shipping Exchange analysts said that the European Commission released the eurozone economic climate index in November 95.8, slightly better than the previous value and market expectations, but still below the long-term average level, indicating that market confidence is still relatively weak, the future European market may face the impact of tariff policy, the economic outlook will be tested. At present, the European route transportation demand remains stable, the supply and demand fundamentals are stable, shipping companies in the end of November to implement price increases, promote the spot market booking prices rise.
Us durable goods orders edged up 0.2% month-on-month in October after two consecutive months of declines, falling short of market expectations, according to data released by the US Department of Commerce, indicating that the ongoing downturn in the country's industrial sector shows no signs of abating.
In the latest week, the growth of demand for North American route transportation is weak, the balance of supply and demand is not ideal, and the market freight rate continues to fall. On November 29, the freight rate (sea and sea surcharge) for exports from Shanghai port to the West and East basic port markets of the United States was $3,345 /FEU and $4,954 /FEU, respectively, down 12.5% and 0.9% from a week ago.
In addition, on November 29, the freight rate (sea and sea surcharge) for exports from Shanghai port to Australia and New Zealand Basic Port market was 1,850 US dollars /TEU, down 9.2% from a week ago; The freight rate (sea freight and sea surcharge) for exports from Shanghai port to the basic port market of the Persian Gulf was US $1,362 /TEU, up 3.4% from a week ago; The freight rate (sea freight and sea surcharge) for exports from Shanghai port to the South American basic port market was 5,346 US dollars /TEU, up 1.7% from a week ago.
According to the Shanghai Shipping Exchange released Shanghai export container comprehensive freight index (SCFI), on November 29, SCFI closed at 2233.83 points, up 3.4% from a week ago, mainly due to the surge in European route freight.
Shanghai Shipping Exchange analysts said that the European Commission released the eurozone economic climate index in November 95.8, slightly better than the previous value and market expectations, but still below the long-term average level, indicating that market confidence is still relatively weak, the future European market may face the impact of tariff policy, the economic outlook will be tested. At present, the European route transportation demand remains stable, the supply and demand fundamentals are stable, shipping companies in the end of November to implement price increases, promote the spot market booking prices rise.
Us durable goods orders edged up 0.2% month-on-month in October after two consecutive months of declines, falling short of market expectations, according to data released by the US Department of Commerce, indicating that the ongoing downturn in the country's industrial sector shows no signs of abating.
In the latest week, the growth of demand for North American route transportation is weak, the balance of supply and demand is not ideal, and the market freight rate continues to fall. On November 29, the freight rate (sea and sea surcharge) for exports from Shanghai port to the West and East basic port markets of the United States was $3,345 /FEU and $4,954 /FEU, respectively, down 12.5% and 0.9% from a week ago.
In addition, on November 29, the freight rate (sea and sea surcharge) for exports from Shanghai port to Australia and New Zealand Basic Port market was 1,850 US dollars /TEU, down 9.2% from a week ago; The freight rate (sea freight and sea surcharge) for exports from Shanghai port to the basic port market of the Persian Gulf was US $1,362 /TEU, up 3.4% from a week ago; The freight rate (sea freight and sea surcharge) for exports from Shanghai port to the South American basic port market was 5,346 US dollars /TEU, up 1.7% from a week ago.
