Strong rebound! European and American freight rates have risen together, with the biggest increase reaching 30%!

Affected by the shift reduction of global container ships, coupled with the recovery of demand after the 11-day holiday, many routes have recently exploded, among which the American route is the most popular. The Shanghai Shipping Exchange released the latest Shanghai Export Container Freight Index (SCFI) on Friday (28th), which rebounded strongly this week and returned to the thousand-point mark, reaching 1012.60, up by 94.94 points, with an increase of 10.35%, achieving three consecutive rises.

The four major ocean-going routes rose in an all-round way. Among them, the European line fell too much before, and the rebound rate increased this week, soaring by $188, an increase of more than 30%, and the increase in the United States and the West was close to 10%.

In the latest SCFI freight rate index:

The freight rate from the Far East to Europe was $769 /TEU, up $188 or 32.36% from the previous week.

The freight rate from the Far East to the Mediterranean was $1,221 /TEU, up $112 or 10.1% from the previous week.

The freight rate from the Far East to the West of the United States was $1,916 /FEU, up by $170 or 9.74%.

The freight rate from the Far East to the East of the United States was $2,361 /FEU, up $163 or 7.42% from the previous week.

In addition, the freight rates from the Far East to the Persian Gulf, Australia, New Zealand, West Africa, South Africa and South America continued to rise.

On the offshore line, the TEU from the Far East to Kansai, Japan decreased slightly by US$ 1 to US$ 306 compared with the previous week. From the Far East to Kanto, Japan, the TEU per TEU was the same as last week, which was $319; From the Far East to Southeast Asia, the TEU increased by $2 to $187 compared with the previous week. The per TEU from the Far East to South Korea was the same as last week, at $142.

Europe and the United States all rebounded strongly this week, mainly due to the effective regulation of technical shipping space by shipping companies and the pulling of goods during holidays in Europe and the United States, and the carrier pulled the ship at the peak demand, which also made the European line full and the freight rate rose even more.

Next, when the goods are still distributed in Europe and America before mid-November, the freight rate is expected to continue to rise. It is expected that the demand will slow down after mid-November and the freight rate will fall. However, the shipping company's shipping space is properly regulated, and the price is still supported even if it is back. From the middle and late December to the Lunar New Year, there is still a wave of demand, and there may be another price increase.