How the freight soar in Jan 21

How the freight soar further in 4 weeks ahead Chinese Lunar new year(11 Feb to 17 Feb) and extra demand of origin ground logistics.

Recent sea freight rate soared triggered by huge demand of vessel space and port congestion due to a lot of countries remains "Lock-Down" or resuming Lock-down" furthermore unbalancing of container equipment.

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Per Shanghai Containerized Freight Index (SCFI) comprehensive index 2,411.82 it is 167% higher than last year. In this week recorded only a modest 6% uplift for rates to North Europe, to $3,124 per TEU, freight to "ECSA " East Coast South American are recorded

about 200% higher than 12 months ago rate & the Intra-Asia spots are 450% more expensive. SCFI record the freight about $3900/40' GP to US West Coast and about $4900/40' GP to US East Coast and further some container liners levy a "Premium" about $1750-2200/Container to the base ports for priority loading space.

Issued on 21 Dec 20

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