Zhengzhou Bridge Biochem Co.,Ltd.
change and geopolitical conflicts, becoming keywords for global maritime trade and
causing a significant impact on the global supply chain. Faced with a
complex regional environment and uncertainty, shipping companies have to deal with
the resulting cost increases and delays. Against this backdrop, the
Shanghai Containerized Freight Index (SCFI) rose rapidly in the middle of this year
and peaked in July.
Among them, the average SCFI freight rate from Shanghai to South America from
January to July 2024 reached US$9,026 per TEU, the highest level since
September 2022, and the increase doubled.
The freight rate from Shanghai to South Africa rose nearly three times to US$5,426
per TEU; while the freight rate from Shanghai to West Africa rose 137% to
US$5,563 per TEU, a new high since August 2022.
Although freight rates fell rapidly for three months afterwards, they began to rise
again at the end of October.
By early November 2024, the space on major global routes was tight again, especially
the surge in demand for space on the US route, which continued the peak
situation.
Against this background, many shipping companies, including Maersk, Hapag-Lloyd,
CMA CGM, HMM and ZIM, have announced freight adjustment plans
covering routes such as Europe, the Mediterranean, the Indian subcontinent and
Africa.
Some industry insiders believe that with the arrival of the "shipping wave" before the
Lunar New Year. By the beginning of 2025, freight rates on main routes
such as the West Coast of the United States and Europe may rise.
In 2025, as the reorganization of the container shipping alliance approaches, the global
shipping alliance will undergo major changes and form a new competitive
landscape.
Among them, the main changes include the dissolution of the 2M Alliance, the
independent operation of Mediterranean Shipping (MSC), the establishment of
new alliances and the continuous signing of cooperation agreements.
In addition, facing the tariff threats from Trump's return to the White House, the
upcoming Spring Festival peak, and possible port strikes, the market will be
full of uncertainty.
In 2025, the global shipping market may usher in an unprecedented market
competition.
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September 14, 2023
August 30, 2023
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