[concern] Freight surge Container shortage Sea Container Freight charges hit an all-time high

SMM2: since the second half of last year, the global economy has replicated rapidly and foreign trade business has picked up. Followed by the lack of global shipping capacity, international shipping prices continue to rise, a container is difficult to obtain and other problems. The sharp rise in freight rates is a drag on import and export trade and economic recovery. Recently, the Ministry of Commerce of China, together with the Ministry of Transport, the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the General Administration of Customs, have frequently expressed their position and joined hands to increase shipping capacity and increase the supply of containers. Shanghai export container freight index (SCFI) closed at 2861.69 points, two consecutive weeks of pullback.

But recent reports say China's main routes to the United States have doubled in the same period last year, while those to Europe have quadrupled, hovering near the highest point. Novel coronavirus's home life under the epidemic has led to a surge in the transportation of goods such as furniture and daily necessities, and the shortage of containers has not been alleviated. The shortage of containers is partly due to difficulties in backflow, and the data show that the volume of containers in Asian-US trans-Pacific trade has reached its limit. According to Southern California Maritime Information, as more and more container ships arrive every day, the backlog of ports in Southern California has reached a record level of 67. This is the first time in 17 years that a ship has been moored outside the Anchorage of San Pedro Bay, and congestion is expected to last until at least mid-late February.

Spot (real-time contract) freight from Shanghai to the west coast of the United States rose 2.4 times to $4000 per 40-foot (12-meter) container, according to the Shanghai Shipping Exchange of China. Freight to Europe quadrupled to $4400 per 20-foot (6-meter) container. Freight rates to Southeast Asia, South America and South Africa also rose 360-fold, the highest since statistics began in 2009.

At the same time, the global shipping class rate has declined seriously, and the reliability of the global shipping class rate has dropped to about 50%, compared with the normal level of 70%. 80%. Ocean Insights collects the cargo volume data of the world's top liner companies at the world's top ports. According to released data, the share of shipments that did not sail as planned rose to 37% in December. That's up from 29% in July and 25% in December 2019.