{"id":79492,"date":"2020-07-11T08:51:42","date_gmt":"2020-07-11T08:51:42","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/global-timber-trade-impacted-by-rising-ocean-freight-rates\/"},"modified":"2025-09-19T08:53:41","modified_gmt":"2025-09-19T08:53:41","slug":"global-timber-trade-impacted-by-rising-ocean-freight-rates","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/global-timber-trade-impacted-by-rising-ocean-freight-rates\/","title":{"rendered":"Global timber trade impacted by rising ocean freight rates"},"content":{"rendered":"

The latest maritime analysis report shows that the World Container Index has increased by 8.8%, or US$151, to US$1,866 per 40-foot container.\u00a0<\/em><\/p>\n

This is mainly reflected in the rise in the spot price of Asia-Europe maritime transportation, which has directly caused the average global maritime price to rise to a five-year high. At the same time, due to the continuous decline in shipping capacity, it is expected to further promote the continued rise in spot maritime prices.<\/p>\n

The World Container Index shows that in the European container shipping market where capacity is still limited, as demand continues to recover, spot freight rates on trans-Pacific routes have continued to rise in the past four weeks. Freight rates in Shanghai-Los Angeles and Shanghai-New York have soared by 24% and 18%, which is equivalent to an increase of US$506 and US$486, respectively, reaching US$2,650 and US$3,207 per 40-foot box. Although after several weeks of increase, the freight rate from Shanghai to Los Angeles fell 9% last week to 2,467 USD per forty-foot equivalent (FEU), but it is still 68% higher than a year ago.<\/p>\n

The average freight rate in Shanghai and Los Angeles is almost double that of the same period last year, an increase of 91%.\u00a0However, the freight rate from Los Angeles to Shanghai remained relatively stable.<\/p>\n

The price on the west coast of China and the United States has risen by 14% since last week to US$2464\/FEU, a 76% increase from the same period in 2019.\u00a0Since last week, house prices on the east coast of China and the United States have risen by 10% to $3174\/FEU, a 22% increase from the same period last year.<\/p>\n

The relevant assessment report predicts that this year's WCI average composite index will be $1628 per 40-foot container, which is $236 higher than the five-year average of $1392 per 40-foot container.<\/p>","protected":false},"excerpt":{"rendered":"

The latest maritime analysis report shows that the World Container Index has increased by 8.8%, or US$151, to US$1,866 per 40-foot container.\u00a0 This is mainly reflected in the rise in the spot price of Asia-Europe maritime transportation, which has directly … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":64135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715,4714],"tags":[4366,3906],"class_list":["post-79492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","category-wood-industry-prices","tag-ocean-freight","tag-timber-industry","topic-forestry","topic-sawmilling","area-africa","area-asia-middle-east","area-australia-and-pacific-region","area-europe","area-north-america","area-south-america"],"acf":[],"yoast_head":"\nGlobal timber trade impacted by rising ocean freight rates - 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