Freight rates in container shipping market soar, record reduction in shifts
- Author:Josie
- Source:Search Air
- Release Date:2020-01-10
Affected by the successive introduction of container ships into the plant to install desulfurization equipment, the number of shifts in the container shipping market last winter reached a record, and the freight rate has therefore risen sharply. It is expected that the rate of halving will be larger after the Spring Festival this year, which will help the market freight rate stabilize.
Industry insiders pointed out that in December last year, the European and American lines reduced classes by about 40%, and it is estimated that the class will be reduced by nearly 70% in the three weeks after the Spring Festival. This ratio exceeds the average level of the past 7 years, and it is expected to reduce the capacity of about 138,800 TEUs after the Spring Festival.
Affected by the reduced work schedule, over the past month, freight rates on the European route have risen sharply, from approximately $ 702 per TEU on November 22 to $ 1,027 on December 27, an increase of 46.29%. Because of the long-term restrictions on the US line, freight rates are relatively stable. The freight rate for the US West Line increased from approximately US $ 1,299 per FEU on November 22 to US $ 1,434 on December 27, an increase of 16.68%; the US East Line increased from US $ 2,256 to US $ 2,562. Increased 13.56%.
In addition, since December last year, the Asian and European routes have begun to levy low-sulfur oil surcharges, and the American route has also been levied from January 1. Among them, the US-western line charges about 150 to 200 US dollars per FEU, the US-East line is about 250-300 US dollars, and the European line is about 250-300 US dollars per TEU. Each shipping company charges different standards and uses different names. Among them, most of the European routes are all-inclusive freight, and most of the American routes are added with low-sulfur surcharges. The final freight is not much different.
At present, container shipping companies are stepping up arrangements for container ships to enter the plant to install desulfurization equipment. According to data disclosed by Alphaliner in November and December 2019, Maersk Line has about 140 ships in accordance with desulfurization equipment, which is 90 more than the data in July 2019, accounting for about 19% of the total number of ships; Mediterranean shipping has about 250 There are 70 more ships installed, accounting for about 44%; Hyundai Merchant Shipping is expected to have 53 ships, with an additional 19, accounting for about 80%.
As most of the desulfurization equipment installation orders for major shipbuilding yards in Asia have been arranged until June 2021, it is difficult for the container shipping companies to temporarily request the installation of desulfurization equipment. Taiwan Ship has stated that the company's docks are all full this year, and it is difficult to undertake more desulfurization equipment installation business.
Industry insiders pointed out that in December last year, the European and American lines reduced classes by about 40%, and it is estimated that the class will be reduced by nearly 70% in the three weeks after the Spring Festival. This ratio exceeds the average level of the past 7 years, and it is expected to reduce the capacity of about 138,800 TEUs after the Spring Festival.
Affected by the reduced work schedule, over the past month, freight rates on the European route have risen sharply, from approximately $ 702 per TEU on November 22 to $ 1,027 on December 27, an increase of 46.29%. Because of the long-term restrictions on the US line, freight rates are relatively stable. The freight rate for the US West Line increased from approximately US $ 1,299 per FEU on November 22 to US $ 1,434 on December 27, an increase of 16.68%; the US East Line increased from US $ 2,256 to US $ 2,562. Increased 13.56%.
In addition, since December last year, the Asian and European routes have begun to levy low-sulfur oil surcharges, and the American route has also been levied from January 1. Among them, the US-western line charges about 150 to 200 US dollars per FEU, the US-East line is about 250-300 US dollars, and the European line is about 250-300 US dollars per TEU. Each shipping company charges different standards and uses different names. Among them, most of the European routes are all-inclusive freight, and most of the American routes are added with low-sulfur surcharges. The final freight is not much different.
At present, container shipping companies are stepping up arrangements for container ships to enter the plant to install desulfurization equipment. According to data disclosed by Alphaliner in November and December 2019, Maersk Line has about 140 ships in accordance with desulfurization equipment, which is 90 more than the data in July 2019, accounting for about 19% of the total number of ships; Mediterranean shipping has about 250 There are 70 more ships installed, accounting for about 44%; Hyundai Merchant Shipping is expected to have 53 ships, with an additional 19, accounting for about 80%.
As most of the desulfurization equipment installation orders for major shipbuilding yards in Asia have been arranged until June 2021, it is difficult for the container shipping companies to temporarily request the installation of desulfurization equipment. Taiwan Ship has stated that the company's docks are all full this year, and it is difficult to undertake more desulfurization equipment installation business.