General

Fall: U.S. line freight plummeted 15% this week

With the addition of new liner operating companies and continued overtime ships, the freight rates from China to the West Coast of the United States have recently shown a downward trend.

It is understood that due to the hot US routes and high freight rates in the shipping market, new players continue to be attracted to the game!

Following CU Lines, BAL Container Line, as well as Neptune and Ali, a company called Singapore Marine Shipping has made its debut. Its container ship PINOCCHIO (Pinocchio) is fully loaded with more than 1,000 containers. Guangzhou Port Nansha Port Area Phase III Wharf Departs!

The port sequence of the route is Nansha, Ningbo, Long Beach, and Nansha.

This may be the new shipping company that has invested the most capacity this year. The number of ships (6 ships) and the single-ship capacity (4900TEU-6350TEU) invested are not weaker than some "regular forces" in the industry such as Maison, Yixing and Wanhai!

The most important thing is that the positioning of the route of Singapore Sea Territory is not a general purpose of diversification or overtime, but a weekly route!

A week ago, CCTV just reported that the freight rate of the U.S. route exceeded the US$20,000 mark for the first time. However, with the influx of new routes and overtime ships this week, the freight rate has plunged rapidly!

The latest Baltic Daily Freight Index (Freightos Baltic Daily Index) found that the same index on the 19th, the freight rate on the West Coast of North America has plummeted 15% from $20,000 to $15,809!

Although this week’s U.S. freight rate plummet is not caused by a new shipping company’s new route, but the continued large number of overtime ships, bulk and regrouping, and the addition of large and medium-sized pure container ships such as Ali and Singapore Marine Shipping, the market Capacity has been relieved to a certain extent, and will be reduced in the short term.

Industry analysts generally believe that this is normal market feedback and the beginning of healthy market competition!

Hi: Ningbo Port Meishan Wharf is about to be restored

In the latest news, after the Meishan Wharf of Ningbo Port has strictly implemented the epidemic prevention and control policy, the port area will continue to operate the import of ships already in the port and waiting to be shipped on the 18th of this month. After the release of the seal on the 25th, the in-box service resumed in an orderly manner. Meishan recovered as a whole on September 1.

Due to the impact of the epidemic, Ningbo Zhoushan Port Meishan International Container Terminal suspended all inbound and outbound services at 3:30 on the 11th of this month. Many sellers' goods were affected, and some ships jumped from the port and diverted to Shanghai.

It is reported that the terminal needs 10 days to 2 weeks to clear the backlog of container ships.

Congestion: More than 350 freighters are waiting in line for unloading

Affected by the rebound of the epidemic, port congestion in many places has once again intensified, and more than 350 freighters around the world are lining up for unloading. Some media said that the current repeated epidemics may cause the global shipping system to face the biggest crisis in 65 years.

According to the US Consumer News and Business Channel, in the busiest ports of Los Angeles and Long Beach in the United States, as of August 16, local time, there are more than 20 freighters waiting for berths, with a waiting time of up to 12 days.

Earlier, the British "Financial Times" reported that 353 container ships were lining up outside ports around the world, more than twice the number in the same period last year.

Experts believe that during the epidemic, countries have strengthened border control and traditional supply chains have been affected. However, the demand for online shopping from local people has increased significantly, resulting in a surge in maritime cargo volume and ports overwhelming.