Sea Freight To The U.S. Soared In September
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Author : Bozhou Marine
Update time : 2020-09-18 15:44:56
September is the peak season for shipping on the Pacific Ocean shipping route, and the container throughput of many ports hit a record high in a single month. In this context, the price of container shipping on US routes has skyrocketed to a high in the past eight years.
According to data from the Shanghai Shipping Exchange, as of September 11, the Shanghai Export Container Freight Index for West Coast Routes in the United States was reported at US$3,813. Compared with the freight rate of a week ago, each container has risen by US$55, which has increased from the beginning of the year. The freight index of the US East Coast route was 4,534 US dollars, an increase of about 77% compared with the beginning of the year.
Many freight forwarders reported that the current high freight rates on US routes and difficulty in booking space are mainly due to the difficulty of shipping companies to meet the sudden increase in shipping demand.
According to market participants, freight forwarders generally sign contracts with shipping companies in April and May. Due to the impact of the epidemic this year, most shipping companies had previously had pessimistic expectations about the international shipping situation and therefore reduced their capacity.
According to the latest monthly report on the export container shipping market of the Shanghai Shipping Exchange, the demand for transportation in the market performed well in August. Even though some airlines are gradually restoring the supply of capacity, the lack of space has not been completely relieved, and the phenomenon of cargo dumping on some routes frequently occurs.
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