IntroductionThe global shipping market continues to react to the situation in the Middle East. Latest data shows that freight rate indices and emergency surcharges are still rising, and risk costs are no longer limited to specific routes.
Event Overview
According to Container News, the global shipping market continues to be under pressure due to the Hormuz conflict and the situation in the Middle East. WCI prices rose by 81 TP3T weekly, with the Shanghai-Rotterdam route seeing a 191 TP3T increase to $2443 per 40-foot container. Meanwhile, shipping companies such as Maersk and CMA CGM have announced emergency fuel surcharges, ranging from approximately $150 to $600 per container, scheduled to take effect next week.
This indicates that the market no longer views risk as a regional event, but rather distributes the costs globally through freight rates, fuel surcharges, and risk surcharges.
Impact Analysis
- Shipping prices have entered a new upward trend, particularly on routes to Europe.
- Emergency fuel surcharges will further increase actual transaction costs.
- Customers will significantly increase their questions about "why the price suddenly increased".
CZL Recommendation
- The basic freight rate and surcharges are separated simultaneously in the ocean freight quotation to reduce subsequent interpretation costs.
- For clients who have reached an agreement but not yet locked in a price, please confirm as soon as possible whether you need to reserve the booking.
- For business related to Europe and the Middle East, it is recommended to shorten the validity period of quotations to avoid the risk of price inversion.
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