According to the Financial Associated Press, there have been market rumors recently that cabin explosions have occurred on many routes in the container shipping market, including the U.S. line, the Middle East line, and the Southeast Asia line. A reporter from the Financial Associated Press learned from a number of freight forwarding companies that this is indeed the case. Currently, prices on these routes are rebounding. A listed cargo owner told reporters from the Associated Press that there will be no space available for the U.S. line by the end of the month.
The effect of the liner company’s capacity reduction is immediate! The cabin is full and the freight rate has gone up.
Several freight forwarders told reporters from the Financial Associated Press that although there were overflows in many routes, this was basically the reason why liner companies reduced their shipping capacity. "Liner companies hope to push up next year's (long-term association) freight rates, so they reduce shipping capacity and raise freight rates at the end of the year."
A freight forwarder further told reporters from the Associated Press that since the explosion was man-made, the explosion was not a real increase in cargo volume. As for the current degree of cabin explosion, the freight forwarder revealed: "It's just a little bit bigger than normal, not too much."
On the U.S. line, in addition to the reasons for liner companies to reduce ships and space, the aforementioned freight forwarders said that there is also the reason for the concentrated demand from cargo owners on Black Friday and Christmas in the United States. “In previous years, U.S. shipments for Black Friday and Christmas mostly occurred during the peak season from July to September, but this year there may be factors such as cargo owners’ expectations of Black Friday and Christmas consumption, as well as the fact that there are currently express ships departing from Shanghai to the United States (short transportation time) , somewhat delayed.”
