Shipping price reduction? Various surcharges are here again, and nearly 30 voyages have been cancelled in a single month!

Some time ago, a cabinet worth tens of thousands of dollars had already shown signs of "fever reduction". According to reports, since the end of September, shipping prices have dropped, which relieved sellers who are preparing for the peak season.

Strong rebound, Mason's offer is approaching 30 yuan/kg again

However, the good times did not last long. After less than two weeks of price cuts, Mason has now strongly announced the return of price increases.

At present, the latest price of Mason’s limited time is 26 yuan/kg. Take a freight forwarding company as an example. In the past two months, Mason’s quotation has fluctuated greatly. In mid-to-late August, Mason’s quotation was 22 yuan/kg, and the lowest quotation in late September reached 18 yuan/ kg, during the National Day, the price of its Maison fell to 16.5 yuan/kg, and it began to rise after the holiday.

Some sellers said that they are looking forward to the price reduction of Mason, but because the manufacturer is also on National Day holiday, the goods cannot be produced at all. When the goods come out, the price of Maison will go back up again...

Another seller said that they had only negotiated the shipping price a few days ago, and yesterday they said they would increase the price. Not only that, they also advanced the order cut-off time. "It's really out of print. It's really the sellers who are suffering."

Regarding Mason’s sudden price cuts and sudden price increases, some freight forwarders said that Black Friday (November 26) is approaching, and many sellers want to ship more. At present, only Mason’s regular liner can catch up with the peak season, and according to Mason’s arrangements, From the perspective of the number of boats and the carrying capacity, the supply is in short supply again, so the price must be increased.

It is also reported that starting from the second half of October, it is estimated that one-third of the ships on the Mason West and Oakland lines will be suspended, so the space is tight, which is also the reason for the sudden rebound in Mason prices.

The surcharges of the major shipping companies are here again, up to $3,000!

Although CMA CGM and Hapag-Lloyd announced that they would freeze their freight rates, they continued to impose various surcharges. It has been reported from the market that major shipping companies will continue to increase their comprehensive rate surcharges (GRI) from East Asia to North America in October:

Among them, Herbrod’s price increase per FEU is up to 3,000 US dollars; CMA CGM’s price increase is 2,000 US dollars; as for the large shipping companies such as Evergreen, COSCO, HMM, ONE, and Xing, each 40-foot container from East Asia to North America will increase by about 1,000. US dollar, some shipping companies rose by US$2,000 due to special containers.

Yangming will also charge an additional US$1,000 per FEU for GRI from East Asia to North America from October 4th.

In addition, Mediterranean Shipping has issued two successive shipping price increase notices, including three major price increase categories: Comprehensive Rate Increase (GRI), Peak Season Surcharge (PSS) and Port Congestion Charge (CGS)!

The following is for goods whose departure port is South China Port and Hong Kong, and destination port is East and West US ports.

MSC preview from October 15th:

GRI is added, including USD 2400 for a 20-foot container and USD 3,000 for a 40-foot container;
Peak season surcharge (PSS): 20-foot container will be charged 2,000 US dollars, 40-foot container will be charged 2,500 US dollars;
Port Congestion Charge (CGS) fee: 20-foot container will be charged 2400 US dollars, 40-foot container will be charged 3,000 US dollars, 40-foot tall container will be charged 3375 US dollars, and 45-foot container will be charged 3798 US dollars.
The three major shipping lines were suspended for nearly 30 voyages in a single month

According to the latest data released by Drewry, the three major global shipping alliances have recently cancelled multiple voyages:

THE Alliance has cancelled the most, up to 12 voyages;
2M Alliance canceled 7 voyages;
The least ocean alliance canceled 4 voyages.

According to Drewry's previous data, due to the adjustment of Chinese factories during Golden Week, about 80% of the blank voyages in the first two weeks of Golden Week took place on Asia-North America, Asia-Northern Europe and Asia-Mediterranean routes.

Analysis by Drewry Shipping Consultants: "The decline in service and capacity may help ease port congestion, especially in the West Coast of North America (WCNA) ports."

However, it is predicted that on October 21, the effective capacity of major east-west trade routes will increase by 14% year-on-year. This reflects the rush to deploy ships to lucrative Asia to Europe and Asia in order to meet the surge in demand for exports from Europe and North America to Asia. Routes to North America.

In major routes such as Trans-Pacific, Trans-Atlantic, Asia-Northern Europe and the Mediterranean, 29 out of 530 scheduled voyages were announced to be cancelled from week 41 to week 44, with a cancellation rate of 5%.

Previously, the prediction that the global supply chain will return to a certain degree of normality after the Chinese New Year has disappeared. At present, the demand for Asian goods shows no signs of slowing down; and the major ports, especially WCNA, are congested. , Is still increasing.
The lower spot rate may be just a flash in the pan...