The latest trend of container transport - container market and freight rate will rise slightly - sus
Msc, the world's second largest shipping company, expects that the downturn in the consolidation market will end from the third quarter of this year. Soren Toft, chief executive of MSC, said this week: "The resilience of the US economy and the signs of recovery in China-EU trade indicate that the container market is expected to rebound in the middle of this year."
The international shipping network said that the freight rate of the container transport fell for the eighth consecutive week, and the freight rate of the three major long-distance routes fell year on year, but the industry expected that the freight rate would soon reach the bottom, and the freight rate was expected to rebound slightly in March.
According to the latest data released by the Shanghai Airlines Exchange on March 3, the Shanghai Export Container Freight Index (SCFI) fell 15.6 points to 931.08 points last week, with a weekly drop of 1.65%. Not only showed eight consecutive declines, but also remained below the thousand-point mark for four consecutive weeks. However, the decline was significantly convergent compared with 2.87% in the previous week, and the decline trend of the three long-term freight lines reflecting the index also converged synchronously.
Last week, the freight rate per TEU from the Far East to Europe fell by $17 to $865, a drop of 1.93%, which is a convergence from the 3.08% drop in the previous week. The freight rate per FEU of the Far East to the United States West Line fell by US $34 to US $1200, a drop of 2.76%, which was also convergent from the 3.06% drop in the previous week. The freight rate per FEU of the Far East to the United States East Line fell by $70 to $2321 per week, with the decline narrowing from 4.21% to 2.93%.
In addition, the freight rate per TEU of the Far East-Mediterranean Line fell by US $5 to US $1600, or 0.31%, which was significantly less than the 1.7% drop in the previous week. It is worth noting that the freight rate of the Asian line rose against the trend, with an increase of 14%.
Industry insiders pointed out that although the end consumer market is still digesting inventory, inflation has slowed down, the market's pessimism has gradually eased this year, and the strong financial situation of households and enterprises in the United States will help maintain consumer and capital expenditure, as well as trade growth. Therefore, it is expected that the freight rate of centralized transportation has reached the bottom, and it is not ruled out that the opportunity of slight rebound in freight rate is expected from March.
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