The United States line is still strong, up slightly

European route freight rose nearly twice after the correction, the latest SCFI container freight index shows that the European and Mediterranean route freight fell 5.58%, 4.03%, affected by this, the Red Sea crisis pushed up freight prices for the first time since the rise, SCFI ended the eight consecutive rise. 27 released the latest SCFI freight index fell 60.52 points to 2179.09 points, a weekly decline of 2.7%.

By contrast, rates on US routes have remained firm. Freight rates per 40-foot container from Shanghai to the eastern and western United States increased by 2.13% and 2.41%, respectively, although the increase narrowed slightly. Freight forwarding industry sources revealed that according to tradition, near the Asian Lunar New Year period, shipments will gradually decrease, and freight rates are expected to fall.

Specifically, the freight rate of the European route is affected by the Red Sea incident, many container ships will return to Asia in mid-February, and some shipping companies began to reduce the price of goods, ready to carry during the New Year and 2-3 weeks after the year. With the increase in supply, the receiving price of the European route began to decline after the year. Freight rates on European routes, which had already tripled, fell slightly this week by 5.6%, which the industry attributed to the normal shipping market.

According to the latest edition of the freight index, freight rates from the Far East to Europe were $2,861 per TEU (20-foot container), down $169 or 5.6% from the previous week; The Far East to Mediterranean freight rate was $3,903 per TEU, down $164 or 4.0% from the previous week.

Meanwhile, North American routes remain hot. People in the logistics industry pointed out that the demand for the North American line is even stronger than the industry expected, and the supply of ships is still tight. Since February, prices have risen, albeit at a moderate pace. With the Lunar New Year approaching in Asia, many shippers are eager to ship in early February, and the market volume remains high. The average space utilization rate of Shanghai port is about 95%, some flights are full, and the quotation of airlines rises and falls less. Freight rates continued to strengthen this week, rising by 2%.

Specifically, the freight rate from the Far East to the West of the United States was $4,412 per FEU (40 feet container), up $92, or 2.1%, from the previous week; Freight rates from the Far East to the Eastern United States were $6,413 per FEU, up $151, or 2.4%, from the previous week.