18/11/2024
The quantity is insufficient, MSC takes the lead to lower the price
Recently, as freight enters the off-season, the reduction in cargo volume is difficult to support freight rates. The Shanghai export freight Index SCFI fell 3.41% to 2,251.9 points on the 15th, ending the previous three-straight upward trend. Among the major routes, only the Mediterranean line rose 0.82 percent, while the European line, the American West line and the American East line fell 1.14 percent, 11.59 percent and 4.14 percent, respectively. In particular, the western United States has fallen for two consecutive weeks, and the decline has further expanded.
Despite the possibility of a strike caused by labor negotiations in the United States East Mexico Bay, shipping giant MSC has notified that the United States line will cut prices again next week due to low season shipments. Specifically, the U.S. West Line will be reduced to about $3,150 per 40-foot container rate, and the U.S. East line will be reduced to about $4,850 per 40-foot container rate. To avoid losing customers, other shipping companies are expected to follow suit.
At present, many airlines adopt two strategies to maintain freight rates: on the one hand, technical cabin control to control supply; On the other hand, it stabilizes market confidence by calling for the rise to stop the fall. At the same time, they will also adjust the freight rate according to the loading rate of the ship: the price is not satisfied with the price grab; When loading rate is improved, the price is maintained.
Specifically, the latest weekly SCFI quotes show: Shanghai to Europe line per 20-foot container freight fell $29 to $2,512; The freight rate for the 20-foot container to the Mediterranean line increased by $25 to $3,080; The freight rate per 40-foot container to the western United States fell sharply by $548 to $4,181; The freight rate per 40-foot container to the U.S. East line also fell by $219 to $5,062.