Breaking news! The war has started again! Will freight rates continue to rise in July?
Date：2024-06-20 14:02:00 View：
According to CCTV News Client, on the evening of June 17, the US and British forces carried out at least ten air strikes on the Hodeidah Province in Yemen. Prior to this, the Houthi armed forces also launched three counterattacks. This "offensive and defensive battle" in the Red Sea is still ongoing, which has had a profound impact on the shipping industry.
Image source: CCTV News Client (delete if infringement)
The shipping industry is facing many difficulties due to the ongoing conflict and chaos. Global shipping capacity shortages, port congestion and other issues have led to a continuous surge in container shipping prices. Before the June price increase notice was fully implemented, the July price increase notice has already come one after another.
Shipping giant Maersk announced on June 18 that it will implement a peak season surcharge (PSS) on routes from Asia Pacific to North America on or after July 7, 2024. Previously, the company also raised the FAK rate from Asia to Europe to a maximum of US$9,400/FEU, which will take effect on July 1.
CMA CGM also announced that it will impose a peak season surcharge PSS on routes from Asia to the United States starting July 1, 2024.
Hapag-Lloyd has adjusted the peak season surcharge for routes from the Far East to the Indian subcontinent, with the specific amount being US$500 per 20-foot container and US$1,000 per 40-foot container.
With the peak season approaching, port congestion, slow delivery and warehouse overflow are inevitable. We will continue to pay attention to the latest ship and port dynamics and provide customers with the latest information.
Sellers who intend to ship in the near future should plan their supply chain logistics in advance to allow enough time for delivery. We at Chenglang will continue to provide you with the fastest, safest and most professional service.
