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CCTV reported: China and the United States shipping prices hit a record high, foreign trade enterprises exports once stagnated!

2021-08-14

Since the beginning of this year, the global container shipping prices have been rising. According to the Global Container freight Index on October 10, the shipping price from China and Southeast Asia to the east coast of North America exceeded 20,000 dollars per teU for the first time. On August 2, it was $16,000. What is driving the surge in shipping prices between China and the US?


The shipping price of us $20,000 per teu between China and the US has hit a new record high


Insiders told reporters that the sharp rise in the global container freight index in a short period of time is actually related to changes in the calculation method.

Experts told reporters that in the past month, Maersk, Mediterranean, Hapless and other major global shipping companies, have increased or increased to the peak season surcharge, destination port congestion charges in the name of a number of surcharges, which is also the key to the recent sharp rise in shipping prices. In addition to the global container freight index, the latest edition of the Shanghai export container freight index was 4,225.86, also a record high, on the premise of no change in the calculation diameter.


Zhong Zhechao, head of an international logistics enterprise in Shenzhen, Guangdong province, said: The actual market freight is divided into two kinds, one is the fast ship, some like the fast ship before matson, in the West of the United States each teu has exceeded $20,000; Some of the slower ships on the west-U.s. Line will cost between $15,000 and $20,000.

Not long ago, the Ministry of Transport also said that with the spread of the epidemic abroad, serious congestion has continued to occur in ports in the United States and Europe since the fourth quarter of 2020, which has disrupted the international logistics supply chain and reduced efficiency, resulting in large delays in shipping schedules and seriously affecting operational efficiency. This year, tight international shipping capacity and rising freight rates have become global problems.


Shipping prices rose sharply foreign trade enterprises exports for a time stagnated


In July, China's import and export of goods increased by 11.5% compared with the same period last year. But the rising freight rate and "hard to find a box", but let China's foreign trade enterprises bear a lot of pressure, how to deal with it?

Reporters learned from a number of foreign trade enterprises, with the rise of shipping prices, foreign trade enterprises sales pressure is increasing.


Zhong Shiming, a furniture trader in Foshan, Guangdong province, said: "Especially since June and July, our overall shipments have decreased by more than 40 percent. Originally, I made 3000 sets, but only 1000 sets were shipped at last. The remaining 1000 sets are still in the warehouse. Because the freight is too expensive, the customer will not deliver. Now most of the customers' orders have been suspended.

In the first seven months of this year, trade between China and the United States reached 2.62 trillion yuan, up 28.9 percent year on year, much higher than the overall growth of imports and exports, which has become an important reason for the sharp rise in shipping prices between China and the United States, industry analysts said.

From January to April this year, the capacity of the Chinese mainland to North America west route increased by 81% and 36% respectively compared with the same period in 2020 and 2019, and the volume increased by 103% and 53% respectively compared with the same period in 2020 and 2019. In July, Four new ocean routes were added to Ningbo Zhoushan Port again, the total number of routes reached a record high, and two new American routes were added to Yantian Port, which mainly serves Europe and the United States.

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