Future shipping fee continues to soar

Since the shipping industry continues to respond to insufficient capacity, the port congestion and supply chain are broken, and the increase in container shipping costs has increased.

As of July 29, Drury World Container Composite Index rose $ 344 than a week, to $ 9,330.28 / Feu. As of the end of June, the index is $ 8,399.09 per feu, which is equivalent to near $ 1,000 per feu from last month.
The Shanghai container freight index (SCFI) is also similar, July 30 rose 96.24 points to 4196 points, last week is 4,100 points. As of the end of June, the index is 3905.14 points.
Drui emphasizes that there is a significant increase in shipping costs from Asia’s East-west coast. From Shanghai to New York, spot delivery rose by 13% ($ 1562), reaching $ 13,434 per feu, and increased from Shanghai to Los Angeles to 6% ($ 550), reaching $ 10,503 per feu.

“Although interest rates have been 368% higher than a year ago, Duri expects to rise further in the coming weeks,” The analyst said.

One is expected to have a profit of $ 6 billion in the first half of the year.

Ocean Network Express (one) achieved $ 256 million in profits as of June 30, 2021, highlighting container transportation in financial huge transformation.
NE reported profits increased by 1,432% from the same period last year. It is expected that the current quarterly performance in September 30 will be better, and the profit after the first half of the year is expected to be $ 6 billion. The first quarter of this year increased by 111%, reaching 5.78 billion US dollars.
ONE commented: “Although the current demand is rapidly increase, the operational restrictions caused by COVID-19 popularity will still exist on the excessive pressure caused by the entire global supply chain.”
Although some trade volumes have increased dramatically, port congestion and container transportation capacity have brought pressure to the global supply chain, but container transportation companies have benefited from the sharp rise in freight.
ONE, June, Asia – North American trade market transactions increased by 40% year-on-year, an increase of 27% compared to the same period of the fiscal year before the epidemic.

The Reliability of the shipping company in June is kept around 40%

Although the intersection of port congestion and supply chain in all over the world continue, the reliability of the container line timetable remains unchanged.
According to the SEA Intelligence of 34 different industries and more than 60 routes, since March 2021, the reliability of the ship schedule has been around 40%. Although the average scheduling reliability is far below 2018 and 2019 65-85%,
The reliability of the schedule in June increased by 0.8% from the previous month, reaching 39.5%, but a substantial decrease of 38.2 percentage points.
Maersk Shipping Company is the most reliable shipping company in June, with a deception of 49.7%, and Wanhai Shipping Company is 21.2%.

Post time: Aug-02-2021