South China ports and terminals, including Yantian, Shekou and Nansha, are experiencing increasing delays, congestion and container availability issues, with operational efficiency slowing down due to the epidemic. Containers are staying in ports for longer periods of time. As of June 7, the average length of stay was 18 to 21 days. At the same time, many liner companies jump to the port, which also means that empty containers will not be unloaded at the port, and container availability decreases. “If the use of affected ports cannot be avoided, many shippers may face lengthy delays or increased equipment prices,” Johannes Schlingmeier, CEO and founder of Container xChange, said in a statement.
Analysts and industry stakeholders expect congestion or container availability at South China ports The problem won’t be solved quickly. Dozens of ships were waiting in the port as operations at the terminal continued to be hampered. Sara Hutchinson, international trade expert at RISA (UK), advises businesses dealing with the region to add at least two weeks to shipping times to account for delays and expect freight rates to rise.
Port congestion has consumed 6% of the existing container fleet capacity, although this has been offset by 4% faster sailing speeds of ships. Analysts expect freight rates, already at historic highs, to “continue to break records”, with tighter emissions rules leading to the removal of large numbers of polluting ships, and massive government stimulus packages in major economies to drive a new round of inventory replenishments. .
Global shipping giant Maersk’s financial report in May It said on the conference call that it has increased its capital expenditure budget for 2021-2022 from $4.5-5.5 billion to $7 billion, some of which will be used to add containers. But other issues such as port congestion, sailing delays, capacity imbalances (particularly from Asia) and inland shipping delays, combined with continued strong demand for imports from the Americas, could lead to higher container rates.
The current market freight rate is not the highest, only higher! Hapag-Lloyd, MSC, COSCO Shipping, Matson, Kanbaru Kisen and other shipping companies have announced a new round of fee increases starting from mid-June.
Hapag-Lloyd
Hapag-Lloyd has announced a significant The freight from Asia to North America has been increased, with USD2,400 for small containers and USD3,000 for large containers.
MSC
According to the latest notice from MSC, starting from July 1, Mediterranean Shipping Company will impose GRI on all goods exported to the United States and Canada. The specific increase is USD2400/3000/3798 per 20’/40 ‘/45’. The maximum single price increase is USD3798! Setting a record for the highest single price increase in shipping history!
COSCO Shipping
COSCO Shipping’s latest price increase notice in Europe and the Mediterranean region, USD800/1600.
Matson
Background
Kamihara Kisen reported that due to the impact of the epidemic, the operating costs of shipping companies have increased, and Kambara Kisen will increase all exports from Ningbo to Japanese partial ports starting from July 1, 2021. Prepaid sea freight, increase range: $100/20GP; $200/40GP&HC (other surcharge rates remain unchanged).
In addition, Kanbaru Kisen will also start from June The document fee will be adjusted starting on the 15th. See the picture below for details:
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