Current situation of ocean freight rates in the eight major coastal ports of China

Overall review: In August, all European surcharges were adjusted, with BAF adjusted from 307/20GP to 312/20GP and CAF adjusted from 10.6% to 10.3%

The situation of cargo explosion and weight restriction at Shanghai Port is quite serious, and the adjustment of freight rates is as follows:

1. Starting from August 1st, the Shanghai to Middle East route will charge an additional BAF of USD178/TEU

2. Starting from August 1st, the Shanghai to South Africa route will charge an additional GRI of USD200/TEU

3. Starting from August 1st, the Shanghai to Canada route will charge an additional PSS of USD100/200/225

Dalian Port's various air routes continued to rise in August. The quotations of various ship owners in the market are relatively chaotic. Many destination port freight charges require confirmation on a weekly basis, with significant fluctuations The specific situation is shared as follows:

1. Cabin availability: In early August, cabin availability was not very tight, but some ports in the Middle East and Europe temporarily suspended cargo reception due to congestion and other reasons.

2. Weight limit situation: Most shipping companies have different freight rates for various routes based on different tonnages. The freight cost for small containers under 13,4 tons is relatively low, and an additional overweight fee ranging from $200-800 will be charged for containers over 13,4 tons to 18 tons. Shipping companies rarely accept cargo over 18 tons, and even if the freight cost is accepted, special application is required

3. Freight situation: The overall market freight situation is very unstable, with significant fluctuations in freight rates every week or every two weeks. So the price is difficult to grasp. The first voyage in August saw a 100/200 increase in the Middle East, a 135/270 increase in Europe, a 300/600 increase in Central and South America, and adjustments to the prices offered by various markets on the US route

The situation of Mediterranean, Red Sea, and Middle Eastern cabin space in Ningbo has not been greatly alleviated.

The shipping companies in Ningbo market have been demanding consistency in the three orders.

The cabin space on the European route in Tianjin has been eased, and MSC shipping company has received a large amount of cargo. However, there are still serious restrictions on heavy cargo, and the shipping company's prices fluctuate greatly; It is still difficult to ship goods weighing over 20 tons on the Middle East route.

Qingdao's cabin capacity continued to be overcrowded and restricted in August.

Most routes in Shenzhen will have adjustments in surcharges in August. The specific details are as follows:

1. Starting from August 1st, African routes will add PSS: USD200/400/400

2. The cabin space on the Central South America route has started to become tight, with an additional PSS of USD300/600/600 starting from August 1st

3. Starting from August 1st, there will be an adjustment in the surcharge for European routes: BAF: USD312/624CAF: 10.3%

4. We have received notifications from various shipping companies that freight forwarders without a non vessel operating common carrier certificate do not accept bookings

Except for the European surcharge, MAERSK and HAPG-LLOYD in Guangzhou require NVOCC certificates to book directly with shipping companies.

The sea freight rates for Xiamen's Middle East Red Sea India Pakistan, South America East West, Central and South America, Caribbean, and Africa routes have generally increased.