Global shipping market dynamics (late May to early June)

Shipping market dynamics:

1. The domestic epidemic situation is generally under control. The recent epidemics in Beijing and Tianjin have not had a substantial impact on the supply chain. At the same time, the epidemic prevention and control situation in Shanghai continues to improve, and the pace of resumption of work and production of production enterprises is also accelerating.

2. The overall operation of Shanghai Yangshan Port is stable, including ships, storage yards, and inbound and outbound operations are in a normal state, and the import of cold boxes is expected to resume in the near future.

However, due to the labor shortage, the waiting time at the terminal has been prolonged; the trailer is still affected by the epidemic prevention and control measures and has great uncertainty.

3. The Shanghai Stock Exchange Composite Index rebounded last week after falling for 17 consecutive weeks from January 14, indicating that the freight rate of the whole market will be bullish as the epidemic situation in Shanghai improves.

China America

transpacific routes 

With the improvement of the epidemic situation in Shanghai, some enterprises have resumed work and production;

It is expected that the cargo volume will gradually recover from the second half of May to the beginning of June, and will become dry to the normal level, but it will still be affected by the shipping schedule and the reserve of empty containers; a few shipping companies are tight with high containers;

The empty flight plan for the next two weeks in the market is still continuing to balance the supply and demand of cargo volume and space. It is expected that the freight rate will be the same as before by the beginning of June.

China - Latin America 

The west market in South America is picking up, and due to the impact of empty shifts and feeder cabins being moved to other routes by shipping companies, the space is tight; the shipping company accepts orders strictly according to the cabin guarantee, and no longer opens the space;

The East South America market recovered slightly, but was still at a low level, and the freight rate in the West South America market was on the rise;

South American East prices are still relatively stable and are expected to remain until mid-June.

China - Europe

The cabin space in early June has shown a tense situation. At present, the overall cabin space has been lined up for 23 weeks, with the situation of the Shanghai epidemic getting better; 

In addition, some shipping companies have planned to increase short-term freight rates in the market in early June due to the continuous suspension measures taken by shipping companies in June;

Shipping companies are optimistic about the market demand in June, and the market volume is expected to gradually return to normal levels.

China-Mediterranean

Due to the tightening of the space due to the flight skipping plan and the market recovery,

The overall shipping space is tight, and the market freight rate is basically the same as the previous two weeks, but it is expected that the freight rate will usher in a round of increases in late June.

(Source: This article was compiled from Dexun China by Shipping Today, please indicate the source for reprinting.)