By Richie Lin      Photo：Kelly L

We might need to anticipate the phase-out of QE can cool down the purchasing thirst of consumers, then cool down the transportation fever to relieve the logistics bottleneck.

Ocean freight rate reference in week 52:

Chaotic 2021 is coming to the last week but the tumbling situations which happened for several months will be likely to last for another year. News report said that there are more than 70,000 empty containers idling at Los Angeles and Long Beach. We also have seen more than 100 vessels anchoring along the coast lines of Los Angeles and Northern Mexico. Some vessels have waited for more than one month but still not sure when they can berth at terminal. Long waiting time caused by port congestions have made carriers decide to cancel around 20% capacity- so called blank sailing in January, 2022 to avoid vessels stuck at ports for a long time. This became a vicious cycle because port congestions will not be eased if there are no enough space in terminal for storing loaded containers, and empty containers cannot be moved away if there are no enough vessels to pick them back to Asia, then long waiting time continue to cause port congestions consequently. Therefore, we see the rate is going up week by week and will not be eased before Chinese New Year because lack of space and containers also influence China and Taiwan. If people still need to fill up the shelves of each to store, this chaotic situation will not end soon. We might need to anticipate the phase-out of QE can cool down the purchasing thirst of consumers, then cool down the transportation fever to relieve the logistics bottleneck.

Following rate reference in week 52.

• Asia main ports to USAWC USD 15000~20000 per 40GP; 
• Asia main ports to USAEC USD 18000~22000 per 40GP; 
• Asia main ports for IPI points of USA is USD 20000~25000 per 40GP. 

Please note above rate is only for reference, carriers might only give space for higher rate, which will be from USD 18,000~27,000 per 40GP for different destinations.

Airfreight market rate in Week 52:

The airfreight is updated each week to match the market situation. The following market rate for your reference. 

• PVG/SZX/HKG/TPE to LAX USD 15.0/kg, 
• PVG/SZX/HKG/TPE to ORD USD 15.5/kg,
• PVG/SZX/HKG/TPE to JFK USD 17.0/kg. 

Airfreight might increase again when customers want the cargo to be shipped out before Chinese New Year.

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