CONTAINER freight rates from North Asia to North America rose to a new high at the start of July when general rates increases took effect, reports Hellenic Shipping News Worldwide.
North Asia to East Coast North America rose US$1,000 per FEU July 1 to $8,100 per FEU on a Freight-All-Kinds (FAK) basis.
Meanwhile, shipowners were asking for July rates including premium fees in a wide $15,000 to 25,000 per FEU range for shipments from North Asia to the US East Coast.
'The numbers are really all over the place, but most will be paying $15,000-20,000/FEU from Asia to the US East Coast, or it could be more if it includes inland transport. We had a July quote at $11,000/FEU to LA/Long Beach, but that went up to $20,000/FEU to go all the way to Chicago,' said a US-based forwarder.
Spot rates including premiums from North Asia to ports on the US West Coast were in the $8,000 to $12,000 per FEU range.
North Asia to West Coast North America increased $800 per FEU July 1 to a record high at $6,600 per FEU on a FAK basis.
Said a European shipping line representative: 'Demand from [Beneficial Cargo Owners, or BCOs] is always strong in the pre-Golden Week period, with rushed cargoes for the year-end holidays about to enter the market. Restocking has been strong for the past few months, but we could see a slow spot in the second half of July due to all the supply-chain bottlenecks and delays.'
Said an Indian forwarder: 'For a shipment from India to Australia, the premium rate is $1,200 per TEU over and above the FAK of $2,500/TEU. Even after paying this price, I am not getting a confirmed booking before July 15.'
The premium rate was $1,200 per unit over and above the FAK rate of $7,400 per FEU for the China-to-Middle East trade lane
'It is so difficult to move containers within Asia as carriers have deployed maximum capacity on North Asia to Europe and US routes. We are paying premiums even though forwarder.
The all-inclusive premium rate was heard at $23,000 per FEU for shipments from Southeast Asia to the East Coast of North America, while premium rates to the West Coast of North America were at $15,000 to $17,000 per FEU.
Said a Hong Kong-based market participant: 'Inventories in the US are running low, and there is going to be a huge buying from retailers to replenish the stocks. With sharp hikes expected in mid-July, it won't be too surprising to see the rates touch $30,000 per FEU in the coming months.'
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North Asia to East Coast North America rose US$1,000 per FEU July 1 to $8,100 per FEU on a Freight-All-Kinds (FAK) basis.
Meanwhile, shipowners were asking for July rates including premium fees in a wide $15,000 to 25,000 per FEU range for shipments from North Asia to the US East Coast.
'The numbers are really all over the place, but most will be paying $15,000-20,000/FEU from Asia to the US East Coast, or it could be more if it includes inland transport. We had a July quote at $11,000/FEU to LA/Long Beach, but that went up to $20,000/FEU to go all the way to Chicago,' said a US-based forwarder.
Spot rates including premiums from North Asia to ports on the US West Coast were in the $8,000 to $12,000 per FEU range.
North Asia to West Coast North America increased $800 per FEU July 1 to a record high at $6,600 per FEU on a FAK basis.
Said a European shipping line representative: 'Demand from [Beneficial Cargo Owners, or BCOs] is always strong in the pre-Golden Week period, with rushed cargoes for the year-end holidays about to enter the market. Restocking has been strong for the past few months, but we could see a slow spot in the second half of July due to all the supply-chain bottlenecks and delays.'
Said an Indian forwarder: 'For a shipment from India to Australia, the premium rate is $1,200 per TEU over and above the FAK of $2,500/TEU. Even after paying this price, I am not getting a confirmed booking before July 15.'
The premium rate was $1,200 per unit over and above the FAK rate of $7,400 per FEU for the China-to-Middle East trade lane
'It is so difficult to move containers within Asia as carriers have deployed maximum capacity on North Asia to Europe and US routes. We are paying premiums even though forwarder.
The all-inclusive premium rate was heard at $23,000 per FEU for shipments from Southeast Asia to the East Coast of North America, while premium rates to the West Coast of North America were at $15,000 to $17,000 per FEU.
Said a Hong Kong-based market participant: 'Inventories in the US are running low, and there is going to be a huge buying from retailers to replenish the stocks. With sharp hikes expected in mid-July, it won't be too surprising to see the rates touch $30,000 per FEU in the coming months.'
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