Sunny Worldwide Logistics Limited

Spot freight rates on major routes are still on a downward trend. This week, Xeneta's XSI, Drewry's WCI and the Baltic Sea Freight Index (FBX) showed that rates on the Asia-Europe and trans-Pacific routes were either down or unchanged from last week. On the Asia-Europe route , the Drewry WCI index was at US$9,784/TEU, unchanged from last week; the FBX index was at US$10,643/TEU, down 1% compared with last week; Ningbo Containerized Freight Index (NCFI) reported It is said that due to the limited demand for freight, the loading rate of the European route has not performed well recently. Under pressure, some liner companies have voluntarily lowered the freight rate to strengthen the collection of goods, and the spot market booking price has fallen . The freight index of European routes was 4141.8 points, down 3.7% from last week. On the trans-Pacific route , the Asia-Western part of the United States, the Drewry WCI index showed a decline of 3% to $8,378/FEU; the FBX index showed...

The impact of supply chain issues over the past two years has been very high, with congestion in the supply chain leading to significantly longer transit times, not only related to delays by sea, but also inland congestion and delays. The more problematic the supply chain, the more demand for containers, but when the problem eases, the demand will also decrease. To quantify the possible excess capacity of containers, shipping data intelligence firm Sea-Intelligence conducted research based on data provided by Hapag-Lloyd and matched freight volumes and container capacity over longer periods of time. The relevant person in charge of Sea-Intelligence said: "Hapag-Lloyd is a standardized large-scale shipping giant. The company's data can reflect the situation of other large shipping companies to a certain extent, and then predict the supply of global shipping capacity." Taking into account the state of the supply chain in the first quarter of 2022, Hapag-Lloyd needs more tha...

Gene Seroka, executive director of the Port of Los Angeles, said in a weekly briefing that the Port of Los Angeles has not felt the impact of the lockdown in Shanghai. Seroka said there was "no significant change" in the number of ships leaving China, and the number of ships heading to San Pedro Bay, where the U.S. ports of Los Angeles and Long Beach are located, was "pretty stable." "I don't think there will be a big drop in (cargo volumes) in the short term," Seroka said. "More likely, as I've shared before, we may see volumes remain relatively flat for now, but see a quick rebound after Chinese port cities such as Shanghai end their lockdowns." Seroka said the Port of Los Angeles is not seeing any significant impact so far, although the lockdown in some parts of China has caused production disruptions and supply delays. Because the port is cooperating with Ningbo-Zhoushan Port to maintain the normal and smooth flow of goods. Seroka fur...

The container freight rate has been falling for 15 consecutive weeks, hitting a 9-month low. However, as China gradually unblocks and resumes work and the United States accumulates a large number of empty containers, it may trigger a new round of port congestion crisis, and the freight rate is expected to rebound strongly in May. According to the latest data released by the Shanghai Stock Exchange on April 29, the Shanghai Export Containerized Freight Index (SCFI) fell 18.68 points to 3096.85 points last week, but the decline has narrowed to 0.4%, indicating that market demand is strong, and in April The decline was only 3.94%, which continued to shrink from the 8.39% decline in March. In March and April, the most bearish months of the market, the combined decline in the SCFI index was only 12.33%. In the latest SCFI index, the freight rate per FEU from the Far East to the East of the United States was US$12,900, down US$116 or 1% from the previous week. The freight rate per FEU from F...

 Currently, how serious is the global port congestion? According to foreign media reports, global port congestion and many container ships lined up to enter the port, offsetting the capacity of more than 3 million TEU, which is equivalent to 12.5% ​​of the global capacity-this offset capacity has surpassed the world's third largest shipping giant. About 12.2% of the total capacity of French CMA CGM ships, equivalent to 3.5 times the capacity when Hanjin Shipping closed in 2016. The above data is an analysis by the British shipping media Lloyd's List quoting Alan Murphy, the chief executive of the shipping research organization Sea-Intelligence. The shipping industry insiders also pointed out that the market reported that the freight rate from China to the Western United States had dropped by more than 30%. The freight rate of the Shanghai Export Container Freight Index SCFI before the National Day holiday in China stopped rising for 20 consecutive weeks, but the decline is limi...

 It is reported that the leaders of some of the busiest ports in the United States predict that the severe congestion of the world’s major shipping channels will continue until next summer or throughout 2022, as manufacturers and retailers make the shipping industry seasonal in order to replenish depleted inventory. Demand is still strong in the off-season. In this year's shipping season, the number of containers arriving on the coast of the United States has reached a record level, and the number of ships waiting for berths at Southern California ports is also increasing, and congestion has spread to warehouses and distribution networks across the country. Port executives such as Mario Cordero, executive director of the Port of Long Beach, California, have talked with shipping companies and their freight customers. They said that usually during the Chinese New Year in February, due to the holiday shutdown of Chinese factories, there will be some container shipping volume at this t...