Since this period of time, logistics between China and the United States has been in trouble. Logistics prices have skyrocketed, and containers are in short supply. Since the third quarter of last year, there has been a shortage of containers and warehouses. Exporters can hardly find a container of goods in order to export goods. Coupled with the shortage of some raw materials, raw material prices have skyrocketed, rising to ” Doubt life”!
The Shanghai Container Freight Index (SCFI), which tracks the spot price of container freight from Shanghai to a range of destinations around the world, shows that spot prices for container freight continue to surge and have now Setting a record for 17 consecutive weeks, this week, the index rose 2.7% to 4502.65 points.
▲Freight rates have risen for an unprecedented 17 consecutive weeks
According to the FBX index , this week the US-Western freight rate reached a new high of $19,040. It surpassed the record of $18,555 just set in early August.
It is understood that the congestion situation in U.S. ports has not eased yet. Some industry insiders believe that U.S. ports will be congested until the end of 2022.
▲Freight rates have risen for an unprecedented 17 consecutive weeks
U.S. ports are currently It faces one of the worst congestions since the modernization of containerized ports due to a surge in consumer and industrial demand that has led to an exponential increase in the country’s import volumes.
According to the National Retail Federation, U.S. ports handled an estimated 2.37 million Teu in August, the highest level recorded since the NRF began keeping statistics in 2002 data.
Given the current exceptional circumstances, CMA CGM has ruled out any form of normalization this year. On August 27, the French giant warned that capacity constraints on its ships were “expected to last until the first half of 2022.”
NRF data shows that a total of 25.9 million TEU cargo entered the United States through U.S. ports in 2021, breaking the country’s record of 22 million TEU last year.
With such huge demand for imports, an overall increase in container repositioning nationwide is imperative and if handled Improper use may lead to a global container crisis.
Gene Seroka, executive director of the Port of Los Angeles, noted in announcing July port results: “This significant and sustained surge in imports is disrupting supply chains. “The expected surge in imports from peak season and pre-loaded cargo has Hapag-Lloyd does not expect California anchorages, already filled with berthed vessels, to be emptied this year.
There are reports that domestic factories are still open during the Golden Week. Therefore, with strong demand in the United States, this year’s Supply is also strong, reducing blank sailings this year and easing congestion.
The two key factors causing global congestion are:
1. The global economy rebounded unexpectedly;
2,The recovery comes at a time when supply chain investment is at record lows;</p
