The United States east route raised freight rates
Container shipping US line 2025 New Year's Day freight rate rose set! The world's major shipping companies have announced price increases on U.S. lines as factories rush to complete shipments before the Lunar New Year and the looming threat of a strike at the eastern U.S. terminals.
Specifically, in the first half of January, the freight rate to the West of the United States, Evergreen, Yangming and other companies respectively raised the freight rate per 40 feet container by $1,500 and $1,600, while MSC(Mediterranean Shipping), Wanhai and other companies increased by $1,000, an increase of between 20% and 30%, the freight rate of the West of the United States is expected to approach $6,000. In the $5,900 - $6,100 range.
To the United States East route, due to the potential strike threat, most shipping companies choose to increase the freight rate of 1,000 US dollars, while Evergreen, Yangming, ONE and other airlines are raised 1050 US dollars, 1100 US dollars and 1175 US dollars, an increase of 16% to 18%, the United States East freight came to the range of 6900-7100 US dollars. This increase has been suppressed to some extent by the effect of transfer orders. According to relevant sources, several head shipping companies have no low-cost cabins in the first half of January.
A price hike followed by a discount?
However, the container shipping market again experienced significant price fluctuations in just two days after the large ship companies sharply increased their prices on the 1st. Some shipping companies, in order to attract those who are not eager to ship exports in the Lunar New Year, announced on the evening of the 2nd to offer a discount of 400-500 US dollars from the 3rd, which is the so-called "stock price" and "stock price" during the Spring Festival.
However, near the end of the day, a heavyweight shipping company was dissatisfied with the ratio of the long contract price and spot price provided by other shipping companies to customers, resulting in the actual freight rate of only about $5,000, so it decided to inform its large customers that the freight rate of each large box was directly reduced by $800.
Senior executives of large shipping companies revealed that they had received the news of steep price cuts from members of the OA Ocean Alliance on the evening of the 2nd. At present, shipping is in the off-season, the volume of goods is not sufficient, and there is no large number of goods to avoid customs duties. One shipping company had predicted a $1, 500 increase in the West-America freight rate by reducing the number of sailings and reducing the supply of capacity caused by a ship accident in Yangming. However, because THE members of THE alliance to which Yang Ming belongs did not fully follow the increase, the ships of the Alliance were full, while the ships of the OA Alliance were not full, which triggered the temporary sharp price reduction.
French ports are also facing strikes
On January 6, Kuehne & Nagel, the world's largest maritime freight forwarder, issued a notice on its official website, saying that a number of French ports have announced strikes in January and February.
Kuehne & Nagel said that while it is not yet clear whether all ports will participate in the strike action, it has confirmed that the stoppage at the port of Le Havre will take place on January 7 and 9.
In addition, the port of Saint-Nazaire will strike for four hours every other day from January 7 until the end of the month.
The union also announced plans to strike for 48 hours on February 3 and 4 if workers' demands are not met.
According to the latest reports in the local media, the unionized port workers affiliated with the General Confederation of Labor (CGT) are planning to go on strike in the ports of Le Havre, Rouen and Marseille from February 7 to 9.
Inflation is rising overseas
In recent years, sea freight has fluctuated greatly due to geopolitical conflict factors, which has caused some impact on textile foreign trade exports. In recent years, due to inflation troubles, the consumption power of some overseas countries has been affected, cost-effective textiles are more popular in the local, cross-border e-commerce is also developing rapidly in these countries.
However, it is precisely because of high inflation that the cost of local necessities is rising rapidly. In order to prevent the quality of life from falling too fast, income needs to increase when prices are rising rapidly, so strikes occur frequently. As a key hub for trade logistics, the increased operating costs of ports will spread these costs among imported goods, further fueling local inflation.
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