Freight rates are bouncing back? European and American freight rises! Europe is up 30%, America is up another 10%

    In the latest week, China's export container transportation market showed signs of improvement, and transportation demand rebounded, which led to the rise of ocean routes led by Europe and the United States. European freight rates have finally staged a big comeback, up 31.4% in a week, and Western America rose 10.1% in a week (up 38% in the whole of July).

    The two major freight rate increases pushed up the latest Shanghai export container freight Index SCFI by 6.5% to 1029.23 points, returning to the 1,000 point mark. This round of market is also a shipping company to promote the European and American routes in August to reflect the action in advance. According to the industry, in the case of limited increase in cargo volume in Europe and the United States and continuous investment in new capacity, shipping companies have been close to the limit of cabin reduction, and whether they can maintain the rise in freight rates in the first week of August will become an important focus of observation. European and American lines to increase freight rates. Shipping companies on August 1 in Europe and the United States to synchronize the increase in freight rates, of which the European line in the European three ship companies Maersk, CMA and Hapag-Lloyd led, ready to significantly increase freight rates.

    According to the latest data of the Shanghai Shipping Exchange SCFI, the United States Line: The Shanghai Shipping Exchange said that the transportation demand remained at a high level, the supply and demand relationship was good, and the market freight rate continued to rise. The freight rate from Shanghai to West America is 1,943 USD /FEU, up 179 USD or 10.15%; Shanghai to the United States East freight rate 2853 US dollars /FEU, up 177 US dollars, an increase of 6.61%. European route: The eurozone July Markit composite PMI preliminary value fell to 48.9, lower than the previous value and market expectations, hit the lowest level since November last year, the second consecutive month below the line of 50, the future of the European region's economic recovery prospects are not optimistic.

    This week, the transport demand performance is better, the supply and demand fundamentals have improved, and the carrier has implemented the price increase plan, which has pushed the market freight rate up sharply.

    Shanghai to Europe freight 975 US dollars /TEU, up 233 US dollars, or 31.40%; Shanghai to the Mediterranean freight rate per $1,503 /TEU, up $96, or 6.61%; Persian Gulf route freight rate of $839 per box, down 10.6% from the previous period; South American line (Santos) per box freight of $2,513, down $67 week, down 2.60%; Southeast Asia Line (Singapore) freight of $143 per box, down $6, or 4.30%.

    It is worth noting that compared with SCFI's freight rate on June 30, US-West freight rate rose by 38%, US-East freight rate rose by 20.48%, European freight rate rose by 27.79%, and Mediterranean route freight rate rose by 2.52%. The three main routes of the United States East, West and Europe rose by more than 2-3 percent, far higher than the 7.93% increase of the SCFI index.

    Hints of a rebound in freight rates? The industry said that this wave of growth depends entirely on the will of the shipping company to turn the tide. The shipping industry is ushering in the peak of new ship delivery, new ship capacity has continued to accumulate since March, and the global new capacity in June was nearly 300,000 TEU, which is a single month high.

    Entering July, the US cargo volume is increasing, the European cargo volume has improved slightly, but it is still difficult to digest excess capacity, supply and demand imbalance, mainly rely on the shipping company to reduce the stable freight rate, the market is currently pumping rate is close to the critical point. In fact, the discussion about whether the container market will usher in the peak season has always existed, but most liner companies are still very cautious about the market outlook.

    Evergreen Shipping Chairman Zhang Yanyi has said that the current global container market is still in a state of large gap between supply and demand and serious imbalance between supply and demand. From the supply side, there is a surplus of shipping space, and it is difficult to recover freight rates in a short time; From the demand side, this year's peak season is likely to be delayed, and it is expected that the end of the third quarter or the beginning of the fourth quarter, freight rates may rise.

    Cma CMA, which has just announced its second-quarter results, also believes that the second half of the year is still full of macroeconomic and geopolitical uncertainties, and global economic growth is still slow. Estar recently lowered its full-year guidance, explaining that the lower results were mainly due to continued weakness in freight rates on all routes, especially trans-Pacific routes. The company expects transportation demand to remain sluggish going forward and market conditions will not improve in the second half of the year.

    It can be predicted that in the context of no significant increase in transportation demand and a large influx of new capacity, the market freight rate in the second half of the year is still not optimistic.