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Most routes rose


Jun 08 2017

Guide: The latest "average transaction price of China's export containers" shows that except for the freight rate drop on the Australian and New Zealand routes this week, other routes rose.
The latest "average transaction price of China's export containers" shows that except for the freight rate drop on the Australian and New Zealand routes this week, other routes have been gaining momentum.

Following the promotion of the “Belt and Road” policy, the freight rate of African routes increased for eight consecutive weeks. The average transaction price this week exceeded $ 1200 per 20-foot box, and Qingdao Port reported a high price of $ 1,400.

Driven by the rebound in consumer demand in northern Europe, the euro area economy has been boosted. Affected by this, the average transaction prices of the European and Mediterranean routes were 1,000 US dollars and 960 US dollars, an increase of 14% and 5%, respectively.

Because the shipping company's capacity continued to shrink, the average transaction price on the North American route turned up, the freight rate on the US East Coast route rose to around 2,000 US dollars, the market situation on the US West Coast route improved, and Shenzhen Port reported $ 1200.

The Middle East, India, Pakistan, and some parts of North Africa opened the Ramadan season on May 27 this year. Due to the shipping company's preparations for the rainy day, early deployment, the beginning of Ramadan, the average transaction price of the Middle East India and Pakistan route increased slightly to 875 US dollars, and even shipping Ask for $ 1,000.

At present, the pace of integration of liner companies continues to accelerate. Hapag-Lloyd Shipping and Arab Steamship have recently merged. On the 1st of June, Alphaliner released Arab ships in the ranking of the world's top 20 liner companies.

Japan's three major shipping companies Kawasaki Steamboat, Merchant Shipping Mitsui, and Japan Post Shipping Co., Ltd. set up a new company, Ocean Network Express (hereinafter referred to as "ONE"), headquartered in Singapore, with operations in Hong Kong, the United Kingdom, the United States and Brazil. Launched business on January 1.

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