May 21 , 2022
International ocean freight rates continue to fall
International ocean freight rates continue to fall A number of airline companies and freight forwarding practitioners said that due to the conflict between Russia and Ukraine and the epidemic control, the limited transportation of raw materials, semi-finished products and finished products is the key to the continued decline in market freight rates. Recently, the spot freight rates of some routes from Asia to Europe and the United States have declined, and the demand for sea container transportation has also declined. The Shanghai Stock Exchange released the latest one-week export container freight index SCFI on the 13th, falling for 17 consecutive weeks, down 0.38% to 4147.83 points, only the freight rate of the US-Western route rebounded slightly by 0.15%, and the freight rate of the other major routes continued to be sluggish; accumulative SCFI so far this year It fell 18.82%, mainly dragged down by the 24.65% drop in European routes, as for the US East route, down 10.76%, and the US West route down by 1.18%. The cumulative decrease in the basic freight rate of major routes since the beginning of this year: 1. European routes fell the most by 24.65%, and the freight rate dropped from US$7,777/TEU to US$5,860/TEU,...
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