At present, the price of Haiyuan has dropped, which will save part of the shipping cost of the seller.
The latest data from Freightos Baltic Exchange (FBX) shows that freight rates from Asia to the West Coast of the United States fell sharply this week by 15% to $1,209 per 40 feet last week!
Currently, container spot freight rates on major container routes continue to fall. The latest data from the Shanghai Shipping Exchange shows: North American routes: the freight rate (shipping and shipping surcharges) of the basic port market in the West of the United States is 1173 US dollars / FEU, down 2.8%; ) was $2061/FEU, down 2%.
At the beginning of June, there was a short-term increase in the shipping price to the United States. The freight rate from the Far East to the West of the United States on the North American line increased by nearly 20%, and the freight from the Far East to the East of the United States increased by more than 10%.
Viagra, a logistics person in the industry, said that the price of sea freight is now on a roller coaster. The price rose at the end of May and early June, and began to decline in mid-June until now. Prices may rise again in early July, because the peak season of the third quarter of the logistics industry is coming, and the specific freight rate is closely related to market demand.
In the latest news, imports and cargo volumes at U.S. West Coast ports rose for the third straight month. Cargo volumes at the two largest ports on the West Coast are growing steadily, with a big jump in May.
The Port of Los Angeles, the busiest U.S. port, handled 779,149 20-foot-equivalent containers (TEUs) in May, the third straight month of growth. The Port of Long Beach, another largest port, handled 758,225 TEUs in May, up 15.6 percent from April.
However, although there has been an increase, it is still a decline compared to last year. The Port of Los Angeles’ May figure was down 19% from May last year, on top of a 60% increase since February. May figures for the Port of Long Beach were down about 14.9 percent from a year earlier.
According to data from Descartes, an American research company, the volume of sea container shipments from Asia to the United States in May was 1,474,872 (calculated in 20-foot containers), a decrease of 20% compared with the same period last year, and the decline was basically the same as the 19% drop in April. Excess inventory in the U.S. retail sector remains lingering, and demand for imports of consumer goods such as furniture, toys and sporting goods continues to weaken.
MSI’s June Horizon Containership report predicts a “challenging” second half for the shipping industry unless demand “recovers sufficiently to offset the imminent massive capacity injection”. The forecast also said that freight rates “will only increase slightly” towards the end of the third quarter.
The current shipping price is indeed a roller coaster, but the decline and increase are not large. According to the current situation, logistics professionals believe that the price in the third quarter will not usher in a big increase, but the delivery of European and American terminals will continue to be delayed.
As a logistics provider in China, China Sea Ship Logistics Products, we can provide customers with stable services
Post time: Jun-28-2023
