March international shipping price trend is coming
recently, the international shipping market has a big action! From March, the freight rate of many routes fluctuates sharply. Europe line previously price inversion, spot price is lower than the contract price, but the major shipping companies plan to raise prices in March, Maersk Far East to Northern Europe / Mediterranean route up to 6200 U.S. dollars / FEU, Duffy from the Far East to the Mediterranean Sea and North Africa up to 6,900 U.S. dollars per 40-foot container.
Trans-Pacific route by the impact of tariff games, Asia to the U.S. West, U.S. East route tariffs fell. Although shipping companies plan to implement a general rate increase (GRI) of about $1,000 / FEU from March 1, the industry is skeptical about the effect.
At present, the market is in the “policy market” and “cyclical market” superposition period, tariff policy, the stability of the Red Sea route, the shipping company capacity control affects the direction of the shipping market. Remind the foreign trade partners to pay close attention to the market dynamics, flexible choice of logistics mode, as early as possible to plan shipping arrangements. #International shipping #March shipping prices #Foreign trade information