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Hits:Updated:2022-11-04 10:11:04【Print】
| In the foreign trade industry last year, it was shipping companies that made a lot of money. They don't know whether they know well - the more outrageous the inflation, the earlier the freezing will come. It is never a long-term plan to dry up the marsh and fish. Sure enough, the high sea freight at that time has basically fallen back to the pre epidemic. This wave of sharp drop in freight rates began in July this year, and the rate of decline increased in September. On September 23, the Shanghai Export Container Freight Index (SCFI) fell to 2072.04, down 10.4% on a weekly basis, about 60% lower than the beginning of the year. At present, the freight rate from Asia to the West America has plummeted from the high point of 20000 US dollars/FEU a year ago. In the past half a month, the freight rate from the West America has successively dropped below the four barriers of 2000 US dollars, 1900 US dollars, 1800 US dollars, 1700 US dollars and 1600 US dollars! Just this week, the freight of Maxi has dropped to 1500 dollars, and it is the selling price of freight forwarder! According to the latest data of major shipping indexes, the decline of American Western freight rates has not slowed down, and the market continues to weaken, which indicates that American Western freight rates may fall to about 1500 dollars in 2019 in the coming weeks.  The report issued by the Ningbo Shipping Exchange also pointed out that the North American route market is still in a state of oversupply, and the route freight rate has maintained a downward trend, and the level of freight rate has kept hitting a new year low. In order to compete for limited freight resources, liner companies and freight forwarders cut prices to solicit goods, and the competition is fierce. Some freight forwarders even increase the sales price of goods at a price lower than the cost freight rate given by the liner company. Among them, the Thai Vietnamese route once had "zero" freight rates and "negative" freight rates. September is usually the beginning of the busy season of American ports. However, the number of imported containers at Los Angeles Port in September this year is only higher than that in the past ten years. Last year, because of the container backlog, traders complained about the continuous California ports. This year, there is no busy scene, and the usual container backlog in autumn and winter did not appear. The number of ships waiting to unload at Los Angeles and Long Beach ports in southern California has dropped from a peak of 109 in January to four now. 
The number of containers imported from the United States has greatly decreased
The shipping company tried to save the declining trend by stopping shipping. According to the data released by Drury, a maritime transport consulting agency, 122 of the 750 scheduled voyages of the trans Pacific, trans Atlantic, Asia Nordic and Asia Mediterranean routes were cancelled in the five weeks from September 19 to October 23, with a cancellation rate of 16%. Among them, 101 voyages were cancelled by the three major shipping alliances in the world. In addition, Evergreen Shipping, Yangming Shipping and Wanhai Shipping have begun to renegotiate the contract terms with the shipper. It is a good time for buyers who have been suffering from freight rates and delayed ordering and shipping last year. Foreign traders may as well send another email to explain the freight rate and see if there are new business opportunities. The following template is for reference： Dear Customers, 尊敬的客戶， I hope this email finds you well. 見信好！ Ocean freight rates have declined in recent weeks. According to Freightos, Asia-US West Coast prices (FBX01 Daily) fell 8% to $2,978/Forty Equivalent Units (FEU). That rate is 82% lower than the same time last year.In recent weeks, ocean freight has decreased. According to Freightos, the price of Asia US West Coast (FBX01 Daily) fell 8% to $2978/40 equivalent units (FEU). This price is 82% lower than the same period last year. It has become a buyers’market as ocean carriers now have to work hard to attract cargo owners. Ocean carriers are offering significant discounts on Asia exports to the US and Europe. It is the best time for you to ship your order. At present, the ocean shipping market has become a buyer's market, because ocean carriers must work hard to attract cargo owners. Shipping companies offer substantial discounts on Asian exports to the United States and Europe. Now is the best time for you to ship your order. Please feel free to contact us if you have any questions. If you have any questions, please feel free to contact us. |
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