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The congestion of ships in the US West port has further intensified, and shipping prices have continued to rise!

Views:10     Author:Vickie     Publish Time: 2021-05-20      Origin:Site Inquire

The congestion of ships in the US West port has further intensified, and shipping prices have continued to rise!

The comprehensive on-time rate index for major global routes continued to decline in April. Nearly 80% of the ships sailed late, causing serious delays in sailing schedules.

note! Congestion in the US West port has further intensified, with more than 100 ships waiting in Los Angeles, and the US West freight rate has exceeded 10,000 US dollars.


1. Nearly 80% of the shipping schedules are unstable, and the shipping schedule is seriously delayed

After a short rebound in March, the global main airlines' comprehensive on-time rate index continued to decline in April, as low as 23.71%, a decrease of 2.40 percentage points from March.

In April, among the three main routes, the on-time service rate of Asia-Europe route to departure service dropped from 5th in March to 9th, and the on-time service rate of receiving and dispatching services dropped from 6th in March. It fell to 9th place, 11.26% and 22.25% respectively.

The congestion of the Suez Canal brought a ripple effect, the demand for ships from European ports surged, and the congestion at the port increased serious delays in shipping schedules.

Some liner companies have unloaded containers at alternate ports by skipping ports, and speeded up the transportation of empty containers back to the ports of origin in Asia.

In April, port congestion on the Asia-Western US route eased. On-time service rates for departure and delivery services were 19.19% and 20.36%, respectively, an increase of 3.68 points and a decrease of 0.25 percentage points from March.

The U.S. epidemic has rebounded. With the help of U.S. economic stimulus policies, freight volume has surged, and strong market demand has caused various transportation bottlenecks. The number of days that ships stay at berth has been extended to 10-12 days.


① Liner company & alliance on-time rate

Strong demand, serious shortage of containers, and port congestion have become the new normal in the market.

Containers are pouring into major European ports, and the volume of inbound containers exceeds the volume of outbound containers. The disorder of the logistics supply chain has caused delays in liner companies' shipping schedules, which has seriously affected the operational efficiency of container ships.

Due to the deterioration of labor-management relations, truck driver strikes have occurred successively in North American ports, further exacerbating port congestion and shipping delays.

In April, the on-time rate of the world's 14 largest liner companies rose more or less.

Relying on its good performance on South American routes, the on-time service rate of Wanhai Shipping's arrival and departure service continues to rank first, with Hamburg Süd and Hapag-Lloyd being the second and third place.


② Port liner on-time rate

The continuous congestion of North American ports and the shortage of empty container return have not been effectively alleviated. The 2M alliance has decided to launch a new route TP23. In addition, the two existing Asia-US East routes TP17 and TP16 have been streamlined in order to ease the schedule Delay.

In April, Singapore Port, Shenzhen Port, and Hong Kong Port ranked the top three in terms of comprehensive service levels in schedules.


2. The congestion in the US West port further intensified, and the freight rate exceeded USD 10000

"Freight rates are getting crazy", "Record breaking again"

The Sino-US trade rebounded, and the number of sea containers sent from China to the United States increased by 46.5% to 9878334, accounting for about 60% of the Asian traffic. A box is hard to find, and a cabin is hard to find! Frequently exploded and dumped cabinets, shipping costs soared!

make a record! China's shipping containers to the United States increased by 46.5%!

According to data released by the American survey company on May 11, the volume of maritime container shipments from Asia to the United States in April this year increased by 32.1% from the same period last year to 1,6,564,443; the volume of transportation increased for 10 consecutive months, setting a record for the previous year. A single-month historical record high in April.


In terms of regions, the number of sea containers sent from China to the United States increased by 46.5% year-on-year to 9878334, accounting for approximately 60% of Asia's traffic. Vietnam increased by 35.5%, Thailand increased by 13.9%, Japan also increased by 8.5%, and India increased by 76.4%, the highest growth rate among the 10 major countries and regions.

 

Sino-US trade is booming, and the price of containers on the US line has also soared. You know, last year when the container freight rate of the US East Coast route exceeded US$5,000, the industry was already in an uproar, and now, everyone is caught off guard.

"Beginning in April this year, the'difficult to find one box' has once again troubled us. Not only were we unable to book a container in May, but also the asking price of a 40-foot container on the West Coast route was US$10,000, nearly double that at the end of last year. The factory received it at the beginning of the year. Orders are waiting to be shipped."

Why did ocean freight prices rise so much? The main reason is still the shortage of containers and the shortage of space on ships.

In fact, not only the U.S. routes, but also the global maritime container freight rates are also soaring. At present, the freight rates of 80% of the global routes are soaring! According to analysis by industry insiders, it is difficult for container shipping prices to drop before September this year.


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