Recent calm in the shipping market
After experiencing the weird phenomenon of cabin explosion at two weeks of low freight rates, except for the adjustment of freight rates at Shanghai Port and Qingdao Port, the market basically returned to a calm this week, and freight rates at most ports in China were flat with last week.
The freight rate on the European route hovered at $ 400 per 20-foot container, while the Mediterranean route stabilized. The US West Coast route reported a price of about $ 750 per 20-foot box, and the US East Coast route was $ 1350-1400. Other routes have not changed much from last week.
The freight forwarding reflected that the freight rate performance was average, and the freight volume did not reach the expected value, but it was puzzling that the shipping companies were constantly opening new routes. However, China Aviation Trading Network was informed that, in terms of EU consumer demand, it is slowly picking up. Or because of this, shipping companies are still optimistic about the future market prospects. Recently, many shipping companies have opened new routes from Asia to Europe, or upgraded the routes, and even strengthened cooperation in the Mediterranean region. On April 6, Air Iran announced that it had reached an agreement on shipping cooperation between the Mediterranean and Turkey with Turkish Ax Shipping Company. The same is true of the Pan Pacific.