By Richie Lin   Photo：M Anink，Link：Unsplash

Ocean freight market rate in week 10

This week FCL market rate keeps the same as last week and will be valid till March 4th. Carriers are expecting to maintain the rate level after middle of March or in the beginning of April. Asia main ports to WCUSA USD 4000~4300 per 40GP; to ECUSA USD 4700~5300 per 40GP; for IPI points of USA is USD 6200~7000 per 40GP; to Europe main ports and W. Med USD 8500~9000 per 40GP; to WCSA USD 7600~8200 per 40GP; to ECSA USD 6600~7200 per 40GP.

The rate has no sign to go down until the end of second quarter, while carriers are reporting fully booked ships through the end of the month and the retailers are struggling to pile up the inventory.

The congestion happening in Los Angeles and Long Beach has no sign of cooling down. It takes around 30 days from ports of China east coast to Los Angeles and 40 days to Oakland. Container vessels are currently going straight to anchorage where they wait an average of eight days to unload, and divert to call other ports make queues are building at ports further north such as Oakland, Tacoma, and Vancouver. We suggest customers to fully understand the current transit time to arrange supply chain properly.

Airfreight market rate in Week 10

The airfreight is updated each week to match the market situation. PVG/SZX/HKG/TPE to LAX USD 4.90/kg, to ORD USD 5.30/kg, to JFK USD 5.70/kg.

We are expecting the airfreight will maintain this level or even higher next week because the Easter holiday is coming and flight capacity is still influenced by pandemic.

Read more：US congestion from LA/Long beach spreading upward Oakland port and others too