Shortage! A “container” is hard to find! Freight rates continue to rise!

Due to the impact of the new crown pneumonia epidemic, the decline in international logistics capacity has led to a sharp increase in container ship freight rates. The freight rate of the West American route has increased by three times compared with the beginning of the year; the prices of the European and South American routes have also soared, and even Yantian to Algeciras, Spain The 40-foot-tall cabinet was quoted at a sky-high price of $10,000! The Southeast Asian route has skyrocketed by US$1,000 overnight. Under the background of tight capacity, the industry frequently produces container dumping. According to the latest Shanghai Shipping Exchange freight index, the freight index of each route continues to rise! 

 

 

 

 

 

 

 

Due to the recovery of foreign trade, the shipping market once appeared “unavailable in one cabin”. However, major ports such as the United States, the United Kingdom, and Australia are currently congested and cannot operate normally, resulting in poor return of containers scattered around the world, resulting in a situation where it is difficult to find a container in China and there is nowhere to store European and American containers

Song Daning, Section Chief of Integrated Business Section of Dapeng Customs under Shenzhen Customs: In October, the overall throughput of Yantian Port reached over 1.46 million TEUs, breaking the record of all global single ports this year. At present, try to transfer the empty containers in Hong Kong to meet the port’s demand for containers.

The person in charge of some logistics companies told reporters that when they came here in the past, empty boxes were everywhere in the yard. But since the beginning of this year, especially in the past few months, “boxes and others” have become “people and others”. Without containers, the backlog of goods cannot be exported. Now, whoever gets the container has the right to speak in trade.

 

Last week, the continued shortage of containers further aggravated the market’s shortage of capacity, and the freight rates of most routes rose, pushing the composite index to rise. On the European route, the capacity continues to be insufficient, and the booking rate of most flights has risen again. For North American routes, the market supply-demand relationship remained at a relatively good level, and the spot market freight rates were high and stabilized. On the Persian Gulf, Australia and New Zealand routes, and South America routes, the demand for transportation is strong, and the market freight rates continue to rise, rising by 8.4%, 0.6% and 2.5% respectively in this period.

 

It is understood that 95% of the world’s containers are produced in China. The current supply of containers in the market is seriously insufficient. What is the status of container manufacturers? The reporter went to one of my country’s largest container production bases, Southern CIMC in Dongguan, Guangdong.

This is the container factory of Southern CIMC. Out of every 10 boxes in the world, one goes to sea from here. When the reporter came here, he found that the machines in the factory were roaring and there was a busy scene. The staff told the reporter that the container orders in the factory had resumed growth since April and May of this year, and the current orders have been scheduled to March next year.

 

 

 

 

 

In order to keep up with orders, front-line workers changed from one shift to two shifts. They had to hurry up for lunch and trot to go to the toilet.

It is understood that more than 95% of the world’s containers are from China, with CIMC, COSCO Shipping and Xinhuachang being the largest in scale. Among them, the market share of leading enterprise CIMC Group accounts for about 45%. With the increase in production capacity, last year’s cold container industry has now ushered in a “Xiaoyangchun”. The financial report shows that CIMC achieved revenue of 24.16 billion yuan in the third quarter, a year-on-year increase of 27.54%. Achieved a net profit of 880 million yuan, a year-on-year increase of 21 times.