US line: Peak season is ahead of schedule! Freight rates may reach US$7,000 in June and July

After the adjustment of China-US tariff policies, US buyers stepped up their "stockpiling" and the popularity of US shipping
increased.

A person in charge of Shenzhen Yantian Port said that the traditional peak season was from July to September,
but this year it has been advanced to June and July

It is understood that Shenzhen Yantian Port bears more than a quarter of the country's exports to the United States.

At a cargo distribution warehouse near Yantian Port, the warehouse manager said that the warehouse volume
has increased by more than 60% during this period, from more than 120 container cabinets to more than 200.
With the increase in demand for US freight, freight rates on major routes have also risen.

According to the latest data from SCFI, the comprehensive freight index is 1586.12 points, up 7.21% from the previous period.

The freight rates from Shanghai to the West Coast and East Coast of the United States are US$3,275/FEU and US$4,284/FEU,
respectively, up 5.95% and 5.28% from the previous period.

On the other hand, the freight rate from Shanghai to Europe is $1,317/TEU, up 14.12% from the previous period.
The freight rate from Shanghai to the Mediterranean is $2,328/TEU, up 11.82% from the previous period.

Shipping companies such as Matson, ONE, and Evergreen Marine (EMC) have announced price increases.
The freight rate on the US West Coast may reach $6,000/TEU, and the US East Coast may reach $7,000/TEU,
which has doubled compared to earlier this year.

Some analysts believe that the increase in freight rates is due to the fact that the capacity and empty container
resources of the route were allocated to other routes some time ago, resulting in the current tight capacity on the US route.

At present, many shipping companies have taken actions one after another, including launching new routes,
resuming suspended routes, and adding temporary overtime ships.

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