Although in the second half of June, there were 11 overtime ships on the US route, COSCO Shipping and Singapore's SeaLead company have launched new direct routes to the US and Spain, but this does not change the original 15 scheduled to be implemented in Europe and the United States route price of 1,000 dollars per large case plan The strike in the United States and the east may have given shipping companies an extra chance to make profits, the big bucket shops have recently pointed out. Some shipping companies, such as HMM of South Korea and ONE of Japan, have proposed to raise the U. S. freight rate to $2,000 per crate on July 15. In addition, Evergreen Marine shipping from July 13, the U. S. Line will also adjust the peak season surcharge, from the original $600 to $1,200.
Last week, delury predicted that freight rates outside China would continue to rise next week due to the start of the peak season. Industry speculation that this may be the United States from August 1 on some goods related to tariffs. However, on Thursday evening, delury revised its view, saying freight rates from China would also continue to rise next week due to congestion at Asian ports. Separately, on Monday, the American International Association of Dockworkers announced it was suspending negotiations with the US Maritime Federation (USMX) over a new ILA employment contract for port workers on the US East Coast and Gulf Coast. The suspension is due to workers' rights affected by automation of Maersk's dedicated terminals. Current employment contract agreements expire on September 30. Peter Sand, chief analyst at Xeneta, said shippers had loaded their imports ahead of the traditional third-quarter rush because of concerns about the continuing impact of the Red Sea conflict on the supply chain. He added that shippers could accelerate the practice if the eastern United States and the Gulf Coast faced a significant risk of damage later this year.
▼ Code scanning for the 2024“Goods Expo”
Although it is widely believed that the government is unlikely to allow a strike in the run-up to the US presidential election, shippers are still making the necessary precautions, with early shipments being a direct response. However, some shipping company executives believe President Biden will try to broker an israeli-palestinian ceasefire to support his election prospects. Under such expectations, shippers may choose to delay shipments to avoid the current high rates. At the same time, due to longer flights in Europe, the peak season than the U. S. Line began earlier and may end early, is expected to slow the third quarter freight rate rise, and decline in the fourth quarter. On the current shipping market price trend, the two super-large cargo companies in charge of different views. A company believes that the price trend will continue in the third quarter, and the palestinian-israeli cease-fire more difficult, as to whether a one-time price increase of $2,000 remains to be seen. Company B took a different view, arguing that the US tariffs would reduce market volumes and thus reduce freight rate increases. Meanwhile, noting the continued emergence of overtime ships and new routes, such as the 2M alliance between Mediterranean Shipping and Maersk, the world's two largest shipping companies, which announced the opening of a new route between the United States and Spain on 7 July, to Yantian, Ningbo, Shanghai and Long Beach Harbor. In addition, small and medium-sized shipping companies that joined the Spanish-n route during the outbreak also plan to re-enter the market, and a large number of new capacity could shake freight rates. However, the two companies agree on one point: fourth-quarter rates will fall. Company a expects rates to start falling in November, while Company B expects them to start falling in October. While both companies expect rates to fall quickly in the fourth quarter, they concede that shipping companies have made healthy profits in the first three quarters. Shipping companies plan to carry out a wave of price increases on the 15th, is expected to rise to the us-spain freight rate to $7,100-$7,400, the US east to $8,300-$8,400, and the European line will rise to $7,400-$7,500. In addition, there are plans on July 1 to Europe and the United States line of each large box up $1,000. However, it was not immediately clear whether the increase would be doubled to $2,000 on July 15. If it does break $2,000, then the rate will break the 10,000 mark. Large forwarders point out that the current high freight rates have had an impact on shipments to the Middle East and Africa. Prices on these routes have fallen because low-value products can not afford high freight rates.
