Drewry released the latest World Container Composite Index (WCI) on the 29th, which rose by 4% or US$344, and the freight rate rose to per 40-foot container. $9330.28.
Drewry assesses WCI’s year-to-date The average composite index is $6,090 per 40-foot container, which is $3,957 higher than the five-year average of $2,133 per 40-foot container.
Drewry World Container Index (Latest on July 29)
Drewry’s World Container Composite Index (WCI) in this issue rose by 4%, or US$344, to US$9,330.28 per 40-foot container. An increase of 368% compared with the same period in 2020.
·The freight rate from Shanghai to Los Angeles increased by 6% from last week, or US$550, and the freight rate of a 40-foot box exceeded US$10,000 for the first time and reached 10503 The U.S. dollar surged 258% year-on-year.
·The freight rate from Shanghai to New York soared by US$1,562 this week, an increase of 13%. The freight rate exceeded US$13,000 and reached US$13,434/40-foot container, which is higher than that in 2020. It rose 300% over the same period.
·The freight rate of 40-foot containers from Shanghai to Rotterdam increased by US$286 this week to US$13,352, an increase of 640% over the same period last year.
Note: Drewry expects further rate increases in the coming weeks.
At present, the demand in China’s export container transportation market remains at a high level. Following the Shanghai Shipping Exchange’s Shanghai Export Container Comprehensive Freight Index released on July 16, After breaking through the 4,000-point mark for the first time to 4,054.42 points, it rose to 4,100.00 points on July 23, an increase of 1.12%. Yesterday (July 30), the latest index rose again to 4196.24 points, an increase of 2.3%. Notably, the index has been below 1,000 points for much of the past decade. But this year, the index has been posting record-breaking gains.
Recently, export sea freight rates have continued to hit the ceiling , with the arrival of the peak season in August and September, many shipping companies are still planning to increase prices and charge various surcharges.
·Starting from August 1, ZIM will begin to charge destination port congestion charges and Hapag-Lloyd peak season surcharge;
·From August 5th, Matson Steamship will increase the collection of port congestion charges;
·From August 15th, Herbert Burrow charges a US$5,000/box value-added surcharge for US lines;
· Starting from September 1st, MSC will collect US-Canada line congestion and port fees…
Facing the current container shipping market conditions, with the arrival of the peak season starting in August, more and more shipping companies will follow suit and join the price increase trend. Existing charging items can no longer satisfy the shipping companies’ fierce impulse to increase prices, and will begin to levy a variety of fees: port congestion fees, fuel surcharges, value-added surcharges, peak season surcharges, space maintenance fees, safe deposit fees, etc. , there are many names, wait and see…
Hapag-Lloyd will levy a peak season surcharge in Australia from August 1st
Hapag-Lloyd recently announced the launch of a new peak season surcharge (PSS) for all cargo from China, Macau, China and Hong Kong, China to Australia. The surcharge will be effective from 2021 Effective from August 1st.
Container types: All dry cargo, refrigerated, non-operating refrigerated, tank, flat rack and open top containers
Container size 20′: USD 500 for all box types
Container size 40′: USD 1,000 for all box types
Hapag-Lloyd imposes levy on the Red Sea and Arabian Gulf HLC on August 1
Hapag-Lloyd recently issued an announcement that it will adjust the payload charges (HLC) from China (including Hong Kong and Macau) to the Arabian Gulf and the Red Sea, with a gross weight of more than 15 tons. USD 150 for 20ft container. This fee will apply to all sailings starting from August 1, 2021, and will be valid until further notice.
HLC details:
·150 per 20-foot container with gross weight over 15 tons USD
The geographical scope of HLC is as follows:
·Arabian Gulf: Bahrain, Iran, Iraq , Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates
· Red Sea: Saudi Arabia, Jordan and Yemen.
Hapag-Lloyd from August 15 Imposition of
US$5,000/box value-added surcharge VAD
Hapag-Lloyd recently announced that due to the continued extraordinary demand from China and the resulting supplyDue to chain operational challenges, Hapag-Lloyd will implement a value-added surcharge (VAD) on all cargo shipments in accordance with regular FAK guidelines.
This surcharge will not affect any medium or long-term contracts and is intended to replace some other temporary surcharges such as SGF (Shipment Guarantee Fee).
The VAD surcharge will take effect on August 15, 2021, and will be paid on a collection basis at destinations in the United States and Canada in the following amounts:
China to North America (United States and Canada)
·USD 4,000 for all 20′ types of containers
·USD 5,000 for all 40′ type containers
The specific notice is as follows:
Starting from August 1, misdeclaration and contract abuse will be fined USD 1,250 per container Fines
Hapag-Lloyd recently issued a notice that after it confirms the booking, Hapag-Lloyd will impose fines for each misdeclaration of goods and contract abuse. Container fine of $1,250.
Penalty applies but is not limited to the following situations:
·Wrong declaration of goods and any Hapag-Lloyd’s bill of lading information that is inconsistent with the contract agreement;
·Discover contract abuse, goods and bill of lading information deviate from Hapag-Lloyd’s contract agreement and/or contract fees Rates are applied to unrelated accounts without Hapag-Lloyd’s prior consent;
·Cargo weight declared at the time of booking and VGM submitted at the VGM deadline Difference in declared cargo weight.
The specific notification is as follows:
Latest update notification:
Previous Notice
Maersk imposes Tunisian port congestion charge
Maersk Customers are advised that severe congestion at Tunisian terminals and container yards continues to cause severe constraints on the supply chain. Over the past few weeks, every effort has been made to deliver the goods while managing the current situation as best as possible. However, there will still be a significant increase in overall operating costs, for which a congestion charge will be levied.
MSC will impose US-Canada line charges starting from September 1 Port congestion fees
Mediterranean Shipping will impose port congestion fees on goods exported from ports in South China and Hong Kong to the United States and Canada.
For goods exported from ports in South China and Hong Kong to the United States and Canada, a tax is levied The specific port fees are as follows:
USD 800/20DV
USD 1000/40DV
USD 1125/40HC
USD 1266/45′
Effective date: September 1, 2021 (unloading day at the destination port) Note: The above surcharges will take effect from the unloading day at the destination port on September 1, and apply to all quotations and container types.
Mason Lines will increase port congestion fees in the West Coast from August 5th
Mason Lines On August 5, the port congestion surcharge for ports in the West US was increased again by US$2,000 per container. This was already the third step of the port congestion surcharge that started on June 10. After the three port congestion charges were superimposed, the 45-foot container It’s as high as $5,697!
Zim will levy the tax from August 1 Destination port congestion charges and delivery charges
Due to the continued congestion in the United States, starting from August 1, ZIM will charge congestion surcharges and delivery charges at the destination ports. Shipping fee.
Sinotrans will adjust Japan routes starting from August 27 CIC
Sinotrans Container Lines has decided to adjust the Shanghai export container imbalance surcharge CIC for goods shipped to Japan starting from August 27. The specific notice is as follows:
In addition, Hapag-Lloyd Container Company recently Announced an increase in ocean freight rates for 20′ and 40′ general purpose containers, including high containers, from the Indian subcontinent, the Middle East, Pakistan to Northern Europe and the Mediterranean.
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