Quote

Blog

Ocean freight market rate in week 11

15 Mar 2021

By Richie Lin    Photo:Kurt Cotoaga,Link:Unsplash

This week FCL market rate keeps the same as last week and will be valid till March 31th.

  • 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.

Market is expecting carriers will maintain or even increase the rate in the second quarter because US Congress passed over USD 1 trillion economy recovery bill.

By the government subsidiary, consumptions will be booming and shortage of space and containers will get even worse when retailers try to build up enough inventory on the shelves.

The congestion happening in Los Angeles and Long Beach is still a headache for production and logistics managers. In the first two weeks of February 2021, an average of 51 container ships moved into the Los Angeles/Long Beach area with a total of 430,000 TEUs entering the port.Ships arriving at the Southern California in Los Angeles and Long Beach usually have to wait up to two weeks at the anchorage in San Pedro Bay. Congestions have caused disruption of supply chain to make production cycle less and less unpredictable.

The resilience of supply chain has become the major issue for the years to come, so every party in the supply chain shall coordinate closely.

 

Airfreight market rate in Week 11

  • The airfreight is updated each week to match the market situation. PVG/SZX/HKG/TPE to LAX USD 5.30/kg, to ORD USD 5.80/kg, to JFK USD 6.00/kg.

We are expecting the airlines will increase airfreight rate next week because the Easter holiday is coming and flight capacity is still not enough influenced by pandemic.

 

Read more : A guide line of container rates and air freight rates from Asia to US and EU for supply chain management to forecast your lead time and cost

Get a Quote Go Top