The current idle capacity in the market is relatively low, and under the background of the Red Sea detour, the current capacity is somewhat insufficient, and the detour effect is evident. With the recovery of demand in Europe and America, as well as concerns about the longer detour time and delayed shipping schedules during the Red Sea crisis, shippers have also increased their efforts to replenish inventory, and overall freight rates will continue to rise. Maersk and DaFei, two major shipping giants, have announced plans to raise prices again in June, with Nordic FAK rates starting from June 1st. Maersk has a maximum of $5900 per 40 foot container, while Daffy has increased its price by another $1000 to $6000 per 40 foot container on the 15th.
In addition, Maersk will levy a South American East Peak Season surcharge starting from June 1st – $2000 per 40 foot container.
Affected by the geopolitical conflict in the Red Sea, global ships are forced to detour Cape of Good Hope, which not only significantly increases transportation time but also poses significant challenges to ship scheduling.
The weekly voyages to Europe have caused great difficulties for customers to book space due to differences in size and scale. European and American traders have also started to layout and replenish inventory in advance to avoid facing tight space during the peak season of July and August.
A person in charge of a freight forwarding company said, “The freight rates are starting to rise again, and we can’t even grab the boxes!” This “shortage of boxes” is essentially a shortage of space.
Post time: May-25-2024