After the cooling down period, the global container freight rate last week witnessed the strongest increase in 2 years, showing that the shipping industry tends to be hot again.
A container ship of the Maersk shipping company at the port of Los Angeles, California, USA. (Photo: Bloomberg)
In the last week, the WCI composite price index rose nearly 12%, its biggest weekly gain since June 2021 and its fourth consecutive weekly gain.
Rates on many major transport routes such as Shanghai – Los Angeles or Shanghai – Rotterdam also increased by 10 – 25% last week.
Consulting firm Drewry Shipping Consultants said that the cost of transporting containers from Shanghai to Los Angeles (USA) reached 2,322 USD/TEU, up 11.3% from the previous week and increased for the 5th consecutive week. On the Shanghai to Rotterdam route, container freight rates rose 25% to $1,620/TEU, the highest level since January 2021.
Container freight rates increased tenfold, to a record high during the height of the COVID-19 pandemic as consumers rushed to shop for household items, leading to a congested logistics network.
In the first period of the year, sea freight rates fell sharply when the demand for import and export goods weakened, but with a better-than-expected economic recovery, the shipping market is also forecasted to go up again. again.
This year, ocean carriers have been trying to cope with the demand downturn by reducing capacity through measures such as canceling calls and reducing ship speeds.
According to VTV Digital
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