The Houthi armed forces’ actions have caused freight rates to continue to rise, with no signs of falling. At present, the freight rates of the four major routes and Southeast Asian routes are all showing an upward trend. In particular, the freight rates of 40-foot containers on the Far East to West America route have increased by as much as 11%.
Currently, due to the ongoing chaos in the Red Sea and the Middle East, as well as tight shipping capacity due to route diversions and port congestion, as well as the upcoming peak season of the third quarter, major liner companies have begun to issue notices of freight rate increases in July.
Following CMA CGM’s announcement of the peak season surcharge PSS from Asia to the United States starting from July 1, Maersk has also issued a notice to increase the FAK rate from the Far East to Northern Europe starting from July 1, with a maximum increase of US$9,400/FEU. Compared with the previously released Nordic FAK in mid-May, the rates have generally doubled.
Post time: Jun-20-2024