Southeast Asia freight rates are about to see a big surge

Source: Jctrans

Current Status

Since the outbreak of the epidemic in 2020, the international shipping industry has experienced uncountable ups and downs, from bursts, price hikes, shortage of containers to suspensions, and tragic conditions one after another.

Several shipping companies have also started to impose surcharges such as congestion surcharge, peak season surcharge and shortage of containers in the face of soaring freight rates. Recently, the Southeast Asian market, which has been quiet for a long time, has also started to stir.

According to the combing of some market freight forwarding counterparts, as well as a number of shipping companies newly launched price increase notice, Southeast Asia's Sea Freight began to take off!

Main reasons

It is reported that the reason for the surge or with the cancellation of a number of flights in Southeast Asia, the recent industry brush screen price increase reasons for reference as follows.

Southeast Asia Thailand line: TRX, CV6 withdrawn, the market space less 900T, CUL withdrew a ship, space less 500T, PIL and RCL two ships often do not come, space less 300T, the above total 1700T.
The market originally had 5,000 slots, reduced to 3,300, and the port was blocked for 4 days, the original 14 days a round trip, became 18 days, and the capacity was reduced by 22% to 2574 Teus per week.
Market cargo volume normal 3500 Teus, now peak season 4K per week, gap 1400 Teus, accounting for 36%, because the ratio of cargo backlog is rising, for the current market shipping advice: regardless of the earliest market price is how much, this week can go, because the highest price this week is the lowest price next week.