There is no doubt that the sea freight has risen to a unprecedented level in June. But the shortage of space and equipment are continue and the terrible phenomena will continue to the end of June, even till July. Everyone is expecting the market will be improved in the third quarter, but it seems to be tough according to analyze of the market conditions.
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Due to the epidemic and lack of containers, the shipping market in June will be even worse! Many ports in China have difficulty maintaining normal exports, especially the Yantian port in these two weeks! According to analysts in the shipping industry, the increase in rates may continue until the end of June or even July, and the lack of containers will even continue until 2022! Customers still need to face bad situations and make difficult shipping choices!
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Equipment and space is a common problem in China. MAY Sea freight rates ex China to European main ports are increased dramatically every week. Carriers are insane suggesting the rates will still be rising in the coming weeks.
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As we all know,due to the blockage of the Suez Canal,the routes from Asia to Europe was forced to stop for more than a week. Although the problem has been successfully solved,many vessels have been delayed.More seriously,this forced the shipping companies to reduce a lot of vessels in the second half of April. Based on the above reasons,the prices in April has almost risen to the same level as the CNY,which greatly increased the transportation cost of customers.Less space and worse equipment conditions are the biggest challenges in April,and It is likely to continue into May.
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