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...many industries across North America, including the print industry, continue to suffer due to the near paralyse in moving finished goods from the Orient. Unfortunately, the shipping nightmare is not going to get better anytime soon...
The global shipping industry has fallen into chaos, and the shipping import and export market has ushered
in the "craziest summer in history". The situations of container shortage, overloading (putting more weight in a container than it is designed for) and high prices are common.
Aicon, a Chinese toner reseller, shares the current shipping market information with you!
I.Regional information forecast in May:
Europe: Most of the major European ports are serious overloading, especially the ports of Ashdod and
Istanbul, which have been booked for the closing position until May 23rd (because a containership is out
of service in the middle of the month).So it is necessary to book half month in advance. Price in May is
forecasted to rise steadily.
Asia: On-time service rate is low. Prices are basically stable. Space and containers are relatively sufficient.
Africa: Price continues to rise in May. Space is in short supply, especially for the ports in Said, such as
TINCAN, APAPA, ONNE and TEMA in West Africa. For those who are expected todeliver goods, book
the space first and then check the price. Then loading can be arranged when there is no problem with
the price.
Americas: The U.S. shipping line basically had no space in early May and there is a serious space leakage,
which was nearly paralyzed. Freight before May 10 is roughly the same as at the end of April, and it is
predicted to be stable and increase in the middle and late May.
Middle East: Space is in short supply , and many shipping companies have suspended services.
Common features: Affected by the global epidemics and the blockage of the Suez Canal, the market
is still out of balance with high prices, shortage of space and cabinets.
II.Market information sharing:
1.According to the Freightos-Baltic Index (FBX), the Nordic Index rose 6% to $7791 /FEU in the last week,
which is a massive 450% increase compared to the same period last year.
2.A leading non-vessel carrier(NVOCC) in the UK said its "best" FAK price from China to the UK in May
was $13,500 /FEU -- not including surcharges.
3.Congestion at the US West Port has barely eased in recent months. Many agents informed that the US
shipping line was basically no shipping space in early May for there was a large shortage of containers,
which is close to paralysis.
4.On April 22, Maersk announced that its trans-Pacific route will be severely delayed in 2021, mainly due to
continued congestion at North American ports. This has been exacerbated by recent Asian port congestion,
bad weather and the Suez Canal jam. As a result, ship turnaround times have increased by 2 to 3 weeks
over the norm, making interval between some voyages from Asia more than 7 days.
5. On April 26, dockers at Montreal, Canada's largest container port, announced the start of an indefinite
strike, refusing to work overtime on weekdays and weekends. In other words, the cargo handling and
dockside services provided by the port workers at the Port of Montreal will be temporarily suspended.
6.News about delays: Maersk, the world's largest shipping company, has a 46% reliability on its shipping
schedule, which means more than half of its ships arrive late.
7. "In the final analysis, the key to addressing the shipping market problems today is to create enough
capacity and empty containers," said Dominique von Orelli, chief executive officer of DHL Global Forwarding.
He believes that the situation is closely linked to global epidemics. That depends on how long COVID-19 lasts,
which also depends on how well the vaccine is administered and how much capacity can be increased at U.S.
ports. Currently, the situation will continue at least through the second quarter.
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Originally Posted by progoffice
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