Hello! Dear member

Nov 23,2021

After the power rationing, the freight rate in Southeast Asia increased nearly 4 times in two weeks!

Southeast Asia is congested and space is reduced

Last week, several ports in Southeast Asia experienced port congestion one after another:


The congestion rate of PortKlang in Malaysia is 14.5% higher than normal;
The congestion rate of Tanjung Pelepas port (Tanjung Pelepas) was 29.9% higher than usual;
Jakarta's container hub Tanjung Priok (Tanjung Priok) was 6.7% higher than normal;
Manila's congestion rate also increased by 6.5%.

In addition to the congestion of the destination port, the Ocean freight services market in Singapore was the worst-hit route during the price increase. Secondly, the ocean freight services in Malaysia and Thailand were also affected by the price increase. Reasons for the recent price increase of the Thai line in the industry:


Southeast Asia Thailand Line:

 

Ocean freight services


TRX and CV6 were removed, and the market space was reduced by 900T;
CUL withdrew a ship, with 500T less space;
Two ships, PIL and RCL, often do not come, with 300T less space;

The above total is 1700T; the original space in the market is 5000, but it is reduced to 3300.

 

The port was blocked for 4 days. The original 14-day round trip became 18 days, and the capacity was reduced by 22% to 2574 Teus per week.

 

The market volume is normal at 3,500 Teus, and the current peak season is 4K per week, with a gap of 1,400 Teus, accounting for 35%, because the backlog of goods continues to rise.

 

Recommendations for current market shipments: no matter what the earliest market price is, you can leave this week, because the highest price this week is the lowest price next week.

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