Attention! The space shortage is as high as 35%! Southeast Asia freight will rise a lot

Recently, the Southeast Asian market, which has been silent for a long time, has become active. According to the sorting out of freight forwarders in some markets, as well as the newly launched price increase notices of many shipping companies, the sea freight in Southeast Asia is going to rise a lot!

Recently, several ports in Southeast Asia have experienced port congestion in succession:

The congestion rate of PortKlang in Malaysia is 14.5% higher than normal.

The congestion rate of Tanjung Pelepas port is 29.9% higher than usual.

Jakarta's container hub Tanjung Priok (Tanjung Priok) is 6.7% higher than normal.

Manila's congestion rate also increased by 6.5%.

Moreover, the ship schedule is chaotic and the phenomenon of unreasonable delays by shipping companies has intensified.

According to people familiar with the matter, because the small ships are bidding for routes and were won by the Philippines and Japan routes, the Singapore and Malaysia routes have to transfer ships from the Philippines and Japan at a high price. This kind of disturbance directly leads to Southeast Asia. The price of the route has risen sharply, repeating the situation of the European and American routes last year.

Due to the shortage of ships, all freight forwarders announced emergency price increases, with an average increase of 100 RMB/CBM. Previously, the seller's cost has nearly doubled due to the increase in the price of raw materials. The impact of this new round of logistics price increases on sellers in Southeast Asia is self-evident.

In this wave of price increases, shipping from Singapore was the most influential route, followed by shipping from Malaysia and Thailand, which were also affected by price increases. Reasons for the recent increase price of the Thailand route in the industry:

Southeast Asia and Thailand routes:

TRX and CV6 were canceled, and the market space was reduced by 900T.

CUL withdrew a ship, with 500T less space.

PIL and RCL often do not come, with 300T less space.

The above total is 1700T, the original space in the market is 5000, but it is reduced to 3300.

The port was blocked for 4 days. The original 14-day round trip became 18 days, and the capacity was reduced by 22%, become to 2574 Teus per week.

The market volume is normal at 3500 Teus, and the current peak season is 4K per week, with a gap of 1,400 Teus, accounting for 35%, because the backlog of goods continues to rise.

Recommendations for the current market shipments: no matter what the earliest market price is, you must go if you can go this week, because the highest price this week is the lowest price next week.

Shipping company issued price increase notice

At present, the hard-to-find situation of one container has begun to appear in some Southeast Asian ports, not only to grab space, but also to grab the container. The latest price increase notice from the shipping company shows that the skyrocketing freight rates in Southeast Asia are not groundless!

The following is the price increase notice just released by CNC, a subsidiary of CMA CGM that focuses on the Asian market, and the increase is not small!

From Shekou Port to Bangkok and Laem Chabang Port in Thailand, the price increases by USD350/700/700

From Shekou to Incheon, Busan and other ports, the direct price increase will be USD500/1000/1000

In addition, we have previously reported that after the serious congestion of California ports affected the shipping company's navigation plan, Wan Hai Shipping has begun to redirect its ships on the Asia-US West Coast route to its core intra-Asia route.

When announcing the financial results for the first nine months, Wan Hai general manager Tommy Hsieh said that since the end of the year is the peak season for internal cargo transportation in Asia, the transfer of capacity from the west coast of the United States to internal Asian routes may maximize profits.

Tommy Hsieh said that ships have to wait 28 days in Los Angeles and Long Beach ports before they can berth. This situation is unlikely to improve even early next year.

“The congestion is so severe that we can no longer provide reliable shipping schedules. Therefore, we are gradually withdrawing some ships and putting them on our intra-Asia routes to catch the peak period of shipments to India and Vietnam.” Tommy Hsieh said.

Freight forwarders urge shippers to ship as soon as possible: Southeast Asia’s recent shortage of space has skyrocketed freight, and today’s high prices are tomorrow’s low prices!