This week, we will bring you the transportation cost and time information report in March. First, let’s analyze 40GP (HQ) sea freight prices from Poland, Hamburg/ Rotterdam/ Antwerp, And Felixstowe/ Southampton, the decline of the sea freight prices is not apparent.
But in Los Angeles/ Long Beach/ Oakland, Tacoma, WA/ Seattle, WA, New York/ Savannah, and etc, Sea freight dropped significantly.
Comparing last year, the whole sea freight level is relatively high. But, A few days ago, leading shipping companies including Maersk, CMA CGM, Hapag-Lloyd, etc. successively issued price increase notices, announcing increases in freight rates for many Asian export routes further.
The Shipping Company Announces the Price Increase
Specifically, on March 18, the shipping company Hapag-Lloyd announced that starting from April 1, 2024, it would increase its shipping rates from Asia (excluding Japan) to the west coast of Latin America, Mexico, the Caribbean, Central America and The freight rates for the East Coast route in Latin America have increased to US$700 and US$900 for small containers and large containers respectively.
Almost at the same time, Maersk also announced the peak season surcharge (PSS) for dry container recycling from the Far East to the East Coast of South America from March 15 to March 31, 2024. The charges are US$160 for small containers and US$160 for large containers. $200.
In addition, COSCO Shipping Container Lines Co., Ltd. issued a price increase notice. From April 1 to April 14 this year, shipping prices from the Far East (including eastern Asia in China) to the United States and Canada will rise sharply, with an increase of $1,000 to $2,000. Many shipping companies such as MSC, Wanhai, and HMM have also announced price increases, covering not only the United States and Canada but also Latin America, Europe, offshore, etc. routes.
According to the shipment company we have cooperated with so far, the real market price hasn’t increased apparently. According to the trend of the latest years, there may be further declines in the next 2 months.
The Current Shipment Volume is Not Enough to Support the Price Increase
In fact, at present, though the market is still in a state of oversupply, not enough to support higher prices, the short price trend of the international is a great uncertainty. It is reliance on the veritable requirement of the market that happened in April and May. Last but not least, we will provide you with the latest train transport cost and time information, by the way, tell us what information you want to see, and we will update you.
You can download the file for more information, 
Transportation Cost and Time Information 2024.04.10.pdf.
