{"id":81037,"date":"2021-08-02T08:57:26","date_gmt":"2021-08-02T08:57:26","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/global-container-freight-rates-expected-hit-new-highs\/"},"modified":"2025-09-19T08:55:53","modified_gmt":"2025-09-19T08:55:53","slug":"global-container-freight-rates-expected-hit-new-highs","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/global-container-freight-rates-expected-hit-new-highs\/","title":{"rendered":"Global container freight rates expected to hit new highs"},"content":{"rendered":"
\n

Freight rates are rising in various ways, and shipping companies\u2019 fees are becoming diverse.<\/span><\/em><\/p>\n

Various surcharges introduced by shipping companies, such as congestion surcharge, fuel surcharge, peak season surcharge.<\/p>\n

A few days ago, Hapag-Lloyd announced that due to the continuous extraordinary demand from China and the resulting supply chain operation challenges, Hapag-Lloyd will implement a value-added surcharge (VAD) for all cargo transportation in accordance with the regular FAK guidelines.<\/p>\n

This value-added surcharge will be levied on August 15. The trans-Pacific trade from China to the United States and Canada will be charged at US$4,000 per 20-foot container and US$5,000 per 40-foot container.<\/span><\/p>\n

This surcharge will not affect any medium-term or long-term contracts, and is intended to replace some other temporary surcharges, such as SGF (delivery guarantee fee).<\/p>\n

According to foreign media reports, some carriers, including Zim and ONE, have charged US West Coast shippers more than US$7,000 per 40-foot container for so-called value-added products, in addition to the FAK rate.<\/p>\n

With the arrival of the peak shipping season, market demand has increased significantly, and some shipping companies have announced that they will charge a comprehensive rate increase surcharge (GRI) and peak season surcharge (PSS).<\/p>\n

At the same time, the latest Shanghai Container Freight Index (SCFI) broke the 4000-point mark for the first time, which is four times its historical average. This means that liner companies are steadily setting the most profitable year in history.<\/p>\n

The index has been below 1,000 for most of the past 10 years, but it has broken records for most of this year, breaking through the 3,000 mark in May, in the context of exceptionally strong U.S. demand and severe global port congestion. The index showed almost no signs of weakening.<\/p>\n

At the same time, Drewry's World Container Index (WCI) also recorded a new week of growth.\u00a0The WCI\u2019s average composite index is now $5,871\/feu, which is $3,799 higher than the five-year average and 339% higher than a year ago.<\/p>\n

Drewry predicts that the container shipping industry will achieve a record profit of US$80 billion in 2021, higher than the previous forecast of US$35 billion.\u00a0If the freight rate exceeds expectations for the rest of the year, Drewry said that an annual profit of $100 billion is not impossible, more than three times the historical record of liner shipping.<\/p>\n

The alarming data released by the container shipping industry has also prompted regulatory agencies in many countries to intervene and try to find solutions to alleviate the double blow of record high freight rates and delayed container arrivals faced by exporters.<\/p>\n

\"As the peak season heats up, demand for shipping continues to exceed supply, pushing the Asia-Northern Europe freight rate to exceed the US$13,000\/FEU mark. Since last week, freight rates from Europe to South America have increased by more than 30% due to the possibility of diverting shipping capacity to routes outside Asia,\" the international online freight market Freightos pointed out in the update.<\/p>\n

It added: \"Especially the trans-Pacific capacity is so severely restricted that most bookings-if the cabin can be booked-rely on offline bidding wars.\"<\/p>\n

In addition, the major U.S. rail operator Union Pacific will suspend shipping of containers from West Coast ports to inland Chicago to clean up a large backlog of containers. Freight rates are likely to see a further surge this week.<\/p>\n

Judah Levine, Head of Research at Freightos, commented: \"Some shippers who urgently need to replenish inventory are switching from sea to air, which shows how much pressure is currently in the industry.\"<\/p>\n

As more and more carriers on trade routes are now ignoring contracts, forcing shippers to accept extremely high FAK and high surcharges. Except for super-large companies, other companies may not be able to withstand these huge cost increases, or pass the costs on to customers, which will lead to the loss of orders and customers. But if things go on like this, the shipper\u2019s grievances towards the ocean carrier will inevitably accumulate.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Freight rates are rising in various ways, and shipping companies\u2019 fees are becoming diverse. Various surcharges introduced by shipping companies, such as congestion surcharge, fuel surcharge, peak season surcharge. A few days ago, Hapag-Lloyd announced that due to the continuous … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":64149,"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":[4536,3350],"class_list":["post-81037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","category-wood-industry-prices","tag-container-rates","tag-global","topic-forestry","topic-sawmilling","topic-wood-furniture","topic-wood-based-panels","area-asia-middle-east","area-australia-and-pacific-region","area-china","area-europe","area-north-america"],"acf":[],"yoast_head":"\nGlobal container freight rates expected to hit new highs - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/global-container-freight-rates-expected-hit-new-highs\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global container freight rates expected to hit new highs - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Freight rates are rising in various ways, and shipping companies\u2019 fees are becoming diverse. 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