HOT TOPIC ! ASIA – EUROPE ROUTE EXCEED $10.000
Spot rates rose to record high on Asia-Nordic service, plus predictions of strong long-term contract rates next year are raising fears of many orders being canceled in 2021.
Spot rates for the Asia-North Europe service rose 24.2% last week to $ 2,948 / TEU and up 28.9% on the Asia-Mediterranean service, to $ 3,073 / TEU.
Retailers in Europe are constantly raising concerns about a new wave of blockade, potentially hurting sales quickly, in addition to the hefty sea freight charges and charges. the surcharge they are paying has all put them in a very difficult position.
According to the Shanghai Container Shipping Rates (SCFI) published on December 11, spot rates on the route from Asia to Europe continued to break the record a few weeks ago, a shipping expert said. that all-in freight rates for a 40-foot container on the Asia-Europe service will exceed $ 10,000 this week.
Over the past 10 weeks, freight to Northern Europe and the Mediterranean has increased by more than 150%.
Freight rates on most shipping routes have skyrocketed in recent months, with costs and difficulties in shipping goods constantly appearing in the headlines of the media, even many regulators. In the world, domestic businesses have asked to investigate the situation of high freight rates.
The trend of higher freight rates is expected to benefit shipping lines as contract negotiations begin to restart for next year.
Sources: Phaata
