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Ocean freight market rate in week 12

22 Mar 2021

By Richie Lin      Photo by Daria Nepriakhina on 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 but the shortage of space and container is getting resolved gradually after Chinese New Year, if customer can send booking 3~4weeks before the cargo ready date, it is easier to get FAK space recently.

However, the problem will be the unreliable schedule of vessels caused by the port congestions happening in west coast of USA. The congestion happening in Los Angeles and Long Beach is still a headache for production and logistics managers. 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. Carriers are discussing to skip congested ports or blank service to avoid any further delay. Customers have to work closely with NVOCC and carriers to adjust the schedule constantly.

 

Airfreight market rate in Week 12:

The airfreight is updated each week to match the market situation. PVG/SZX/HKG/TPE to LAX USD 7.70/kg, to ORD USD 8.20/kg, to JFK USD 8.20/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.

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