Based on market mechanism considerations, the world's five major shipping companies plan to raise the freight rate of the US-West and US-East routes by 9%-15% from August 15. Despite the recent correction in freight rates, the shortage of container source vessels in the peak season remains, and the tension in the Middle East and the gradual increase in cargo volume since mid-August have contributed to the increase in freight rates; However, a lackluster season and the return of Panama Canal capacity will also put pressure on freight rates.

According to industry sources, the world's major shipping companies are planning to raise their west and East coast routes in the United States from August 15, the increase is expected to be between 9% and 15%.

It is said that the specific situation is that several large container ship companies have notified customers on August 15, the United States West, the United States East are going to rise $1,000, but Maersk online freight rates have not risen by the end of the month, non-shipping alliances have fallen to $4500-4600, price increases are quite difficult.

Despite the recent trend of the container shipping market, the most intuitive reflection is that the Shanghai Container export Freight Index (SCFI) declined for four consecutive weeks, with a monthly correction of 10%, and the latest week fell by 3.3% to 3332.67 points.

In particular, rates on the Far East to West America route fell sharply by 6.3% to $6,425 /FEU, making it the biggest decline among the four indexes, mainly due to increased competition from the influx of smaller vessels into the market. Fares from the Far East to the Mediterranean, meanwhile, fell by 5.2 per cent to $4,997 /FEU, the second largest decline.

Despite the one-month correction in freight rates, the shipping market is still facing serious shortages of container sources and vessels, given that SCFI has risen for 13 consecutive weeks and is currently in the traditional peak season for global container shipping. Freight rates on the Far East to Western America route have fluctuated wildly, partly because they are too high, which has attracted near-ocean operators to enter the competition with smaller ships, driving down rates. In addition, the tension in the Middle East and the gradual increase in cargo volumes after mid-August are also important factors in the decision of the five major companies to increase freight rates. However, it is worth noting that despite the price adjustment expectations, the current container shipping season is relatively stable, and the Panama Canal capacity is gradually returning to normal, is expected to be fully restored in September, which will drive the total capacity to reach 1.6 million TEU, which will further put pressure on freight rates.

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