The price rise is influenced by many factors
Due to Trump's behavior in taxation when he was last elected to the United States government, and the recent increase in tariff slogans during the presidential campaign, the market is worried that Trump may be elected president of the United States and offer tariff sanctions, leading cargo owners to ship in advance after the November election, making the North American route in a full state, and the explosion at the end of October may continue to November.
At the same time, the Red Sea crisis intensified, shipping supply continued to be tight, pushing up freight rates for a long time.
European routes are affected by shipping company cabin control policies, including empty flights, slow down and other measures, as well as the flight evacuation back to Asia to load cargo strategy, coupled with the entry of long contract signing season, shipping companies hope to stabilize freight rates by raising prices, thereby boosting the spot market and pulling up long contract prices.
Analysis data shows that in October, a total of 168 Asia-Europe routes, 21 voyages were canceled, making the original planned 1.88 million teu capacity reduced to 1.57 million teu, further tightening the market capacity.
How long the price increase can be maintained remains to be seen, with the reduction of year-end festival cargo, whether the volume of goods is enough to support the rate becomes the key. It is expected that before the Chinese Lunar New Year holiday, the demand for stock in Europe and the United States may bring a wave of small peak season, when the shipping company may mull price increases again.
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Sea freight prices rebounded again as the peak season began
